Palantir Technologies Inc. (NYSE:PLTR) Insider Heather A. Planishek Sells 10,907 Shares

Palantir Technologies Inc. (NYSE:PLTRGet Free Report) insider Heather A. Planishek sold 10,907 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total value of $233,737.01. Following the completion of the transaction, the insider now directly owns 651,099 shares of the company’s stock, valued at approximately $13,953,051.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $21.18 on Thursday. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of 176.51, a PEG ratio of 4.90 and a beta of 2.76. Palantir Technologies Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $27.50. The stock has a 50 day moving average of $22.51 and a 200 day moving average of $20.73.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Halpern Financial Inc. raised its stake in Palantir Technologies by 44.0% in the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after buying an additional 440 shares in the last quarter. Harbor Investment Advisory LLC increased its position in shares of Palantir Technologies by 16.9% during the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock worth $74,000 after purchasing an additional 463 shares in the last quarter. Principle Wealth Partners LLC grew its holdings in shares of Palantir Technologies by 4.8% during the first quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company’s stock worth $241,000 after buying an additional 481 shares during the last quarter. GSB Wealth Management LLC grew its holdings in shares of Palantir Technologies by 4.6% during the first quarter. GSB Wealth Management LLC now owns 13,475 shares of the company’s stock worth $310,000 after buying an additional 595 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after buying an additional 618 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of analyst reports. Mizuho upped their price target on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Raymond James increased their target price on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Bank of America increased their target price on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada increased their target price on Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, May 7th. Finally, William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.65.

Get Our Latest Stock Analysis on Palantir Technologies

About Palantir Technologies

(Get Free Report)

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform 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.

Further Reading

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

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