Palantir Technologies Inc. (NASDAQ:PLTR) Insider Heather A. Planishek Sells 18,537 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Heather A. Planishek sold 18,537 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $102.32, for a total value of $1,896,705.84. Following the completion of the sale, the insider now directly owns 493,469 shares of the company’s stock, valued at approximately $50,491,748.08. This represents a 3.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $87.84 on Wednesday. The company has a fifty day moving average of $86.44 and a two-hundred day moving average of $60.68. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The stock has a market capitalization of $200.10 billion, a PE ratio of 462.34, a P/E/G ratio of 10.84 and a beta of 2.81.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. UBS Group raised their price objective on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Mizuho raised their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Loop Capital initiated coverage on Palantir Technologies in a research note on Thursday, February 20th. They issued a “buy” rating and a $141.00 price objective for the company. Finally, Wedbush raised their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $73.21.

Institutional Trading of Palantir Technologies

A number of institutional investors and hedge funds have recently modified their holdings of PLTR. State Street Corp increased its stake in shares of Palantir Technologies by 96.4% during the third quarter. State Street Corp now owns 82,512,440 shares of the company’s stock worth $3,069,463,000 after purchasing an additional 40,498,024 shares in the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $1,360,191,000. Geode Capital Management LLC increased its stake in shares of Palantir Technologies by 52.9% during the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock worth $1,777,568,000 after purchasing an additional 16,598,253 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after purchasing an additional 4,667,955 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock worth $354,117,000 after purchasing an additional 3,907,022 shares in the last quarter. Hedge funds and other institutional investors 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.