Palantir Technologies (NASDAQ:PLTR) Now Covered by Loop Capital

Loop Capital began coverage on shares of Palantir Technologies (NASDAQ:PLTR) in a research note released on Thursday morning, Marketbeat reports. The brokerage issued a buy rating and a $141.00 price target on the stock.

A number of other research analysts also recently weighed in on PLTR. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. UBS Group raised their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Citigroup raised their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.21.

Palantir Technologies Price Performance

PLTR opened at $106.27 on Thursday. Palantir Technologies has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The business has a 50-day moving average of $85.36 and a 200-day moving average of $58.84. The company has a market capitalization of $242.09 billion, a PE ratio of 559.35, a price-to-earnings-growth ratio of 11.52 and a beta of 2.81.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,680,992 shares of company stock valued at $473,395,877. 12.93% of the stock is owned by corporate insiders.

Institutional Trading of Palantir Technologies

Institutional investors have recently bought and sold shares of the stock. Roxbury Financial LLC acquired a new position in Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank acquired a new position in Palantir Technologies in the fourth quarter worth $28,000. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC boosted its stake in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies in the fourth quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.