Palantir Technologies (NASDAQ:PLTR) Upgraded by Daiwa America to Hold Rating

Daiwa America upgraded shares of Palantir Technologies (NASDAQ:PLTR) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday. They set a “neutral” rating and a $90.00 price objective on the stock. Mizuho boosted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Citigroup upped their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Finally, Northland Securities lifted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.19.

Palantir Technologies Price Performance

PLTR stock opened at $87.45 on Tuesday. The company’s 50 day simple moving average is $92.68 and its 200-day simple moving average is $70.34. Palantir Technologies has a 12 month low of $20.33 and a 12 month high of $125.41. The firm has a market capitalization of $205.10 billion, a PE ratio of 460.29, a P/E/G ratio of 10.84 and a beta of 2.81.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $48,988. This trade represents a 99.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,993,175 shares of company stock worth $253,549,610. 12.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prestige Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the period. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its position in shares of Palantir Technologies by 230.4% during 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. Finally, HighMark Wealth Management LLC boosted its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

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.