Insider Selling: Palantir Technologies Inc. (NYSE:PLTR) Insider Sells 14,016 Shares of Stock

Palantir Technologies Inc. (NYSE:PLTR) insider Heather A. Planishek sold 14,016 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.67, for a total value of $429,870.72. Following the transaction, the insider now directly owns 576,023 shares of the company’s stock, valued at $17,666,625.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Palantir Technologies Stock Performance

PLTR stock traded down $0.98 during midday trading on Tuesday, reaching $30.51. 34,474,889 shares of the company’s stock traded hands, compared to its average volume of 54,536,965. The company has a 50-day moving average price of $28.36 and a two-hundred day moving average price of $24.92. Palantir Technologies Inc. has a 52 week low of $13.68 and a 52 week high of $33.13. The firm has a market capitalization of $68.31 billion, a PE ratio of 254.27, a price-to-earnings-growth ratio of 5.55 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. As a group, analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Evolution Wealth Advisors LLC increased its holdings in shares of Palantir Technologies by 0.5% in the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock worth $1,853,000 after purchasing an additional 360 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Palantir Technologies by 2.6% in the second quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock worth $386,000 after purchasing an additional 379 shares during the period. Gradient Investments LLC increased its holdings in shares of Palantir Technologies by 21.4% in the second quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after purchasing an additional 406 shares during the period. Apella Capital LLC increased its holdings in shares of Palantir Technologies by 3.7% in the second quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock worth $323,000 after purchasing an additional 416 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Palantir Technologies by 1.2% in the second quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after purchasing an additional 416 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on PLTR shares. Monness Crespi & Hardt lowered their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. HSBC lifted their price objective on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group raised their target price on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Finally, Jefferies Financial Group boosted their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $25.00.

About Palantir Technologies

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.