Insider Selling: Palantir Technologies Inc. (NASDAQ:PLTR) Director Sells 800 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lauren Elaina Friedman Stat also recently made the following trade(s):

• On Tuesday, February 4th, Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20.

Palantir Technologies Trading Up 5.2 %

Shares of Palantir Technologies stock traded up $3.83 during trading hours on Monday, reaching $77.84. 168,354,200 shares of the company’s stock were exchanged, compared to its average volume of 69,616,374. The firm has a market capitalization of $182.56 billion, a price-to-earnings ratio of 409.71, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The company has a fifty day moving average of $92.72 and a 200-day moving average of $71.47.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently added to or reduced their stakes in PLTR. Prestige Wealth Management Group LLC grew its position in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the period. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC raised its stake in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. DA Davidson raised their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.19.

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.