Palantir Technologies Inc. (NYSE:PLTR) Insider David A. Glazer Sells 9,000 Shares

Palantir Technologies Inc. (NYSE:PLTR) insider David A. Glazer sold 9,000 shares of the stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $27.90, for a total transaction of $251,100.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

PLTR stock opened at $26.55 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $45.00. The firm’s 50-day simple moving average is $24.18 and its 200 day simple moving average is $23.65. The stock has a market cap of $51.86 billion and a PE ratio of -22.89.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Thursday, August 12th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. Palantir Technologies had a negative net margin of 95.14% and a positive return on equity of 20.55%. The business had revenue of $375.64 million for the quarter, compared to analysts’ expectations of $360.60 million.

A number of research analysts have commented on PLTR shares. Jefferies Financial Group increased their price objective on shares of Palantir Technologies from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 12th. Morgan Stanley increased their target price on shares of Palantir Technologies from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 13th. Wolfe Research increased their target price on shares of Palantir Technologies from $20.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, August 13th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Palantir Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 19th. Finally, Royal Bank of Canada increased their target price on shares of Palantir Technologies from $20.00 to $25.00 and gave the stock a “sector perform” rating in a report on Friday, August 13th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $23.11.

Several hedge funds have recently added to or reduced their stakes in PLTR. Victory Capital Management Inc. increased its stake in Palantir Technologies by 168.6% during the 1st quarter. Victory Capital Management Inc. now owns 117,582 shares of the company’s stock valued at $2,738,000 after buying an additional 73,807 shares during the period. Envestnet Asset Management Inc. increased its stake in Palantir Technologies by 414.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 81,229 shares of the company’s stock valued at $1,892,000 after buying an additional 65,453 shares during the period. Scotia Capital Inc. increased its stake in Palantir Technologies by 207.6% during the 1st quarter. Scotia Capital Inc. now owns 32,782 shares of the company’s stock valued at $763,000 after buying an additional 22,124 shares during the period. First National Trust Co acquired a new position in Palantir Technologies during the 1st quarter valued at about $233,000. Finally, Sigma Planning Corp acquired a new position in Palantir Technologies during the 1st quarter valued at about $1,327,000. 22.13% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

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Insider Buying and Selling by Quarter for Palantir Technologies (NYSE:PLTR)

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