Eric H. Woersching Sells 26,000 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTRGet Free Report) Director Eric H. Woersching sold 26,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $23.32, for a total value of $606,320.00. Following the sale, the director now directly owns 38,843 shares in the company, valued at approximately $905,818.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $23.77 on Thursday. The stock has a 50 day moving average price of $22.02 and a 200-day moving average price of $21.00. Palantir Technologies Inc. has a one year low of $13.56 and a one year high of $27.50. The stock has a market cap of $52.93 billion, a price-to-earnings ratio of 198.10, a price-to-earnings-growth ratio of 5.34 and a beta of 2.70.

Palantir Technologies (NYSE:PLTRGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The company had revenue of $634.34 million during the quarter, compared to analysts’ expectations of $614.88 million. Sell-side analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research analyst reports. Citigroup raised their price target on Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft raised their price target on Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, May 7th. Wedbush restated an “outperform” rating and set a $35.00 price target on shares of Palantir Technologies in a report on Monday, May 6th. HSBC raised their price target on Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, May 7th. Finally, Mizuho raised their price target on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $20.65.

Check Out Our Latest Report on PLTR

Hedge Funds Weigh In On Palantir Technologies

A number of large investors have recently bought and sold shares of PLTR. Vanguard Group Inc. boosted its holdings in Palantir Technologies by 11.1% during the 3rd quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock valued at $2,997,419,000 after acquiring an additional 18,756,392 shares during the period. Morgan Stanley raised its position in Palantir Technologies by 26.1% during the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after purchasing an additional 4,675,824 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd raised its position in Palantir Technologies by 314.7% during the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company’s stock valued at $84,571,000 after purchasing an additional 4,011,100 shares in the last quarter. 1832 Asset Management L.P. raised its position in Palantir Technologies by 248,208.2% during the 1st quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock valued at $83,418,000 after purchasing an additional 3,623,840 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Palantir Technologies during the 3rd quarter valued at $55,719,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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)

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.