Palantir Technologies Inc. (NASDAQ:PLTR) Insider Sells $1,896,705.84 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Heather A. Planishek sold 18,537 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the transaction, the insider now owns 493,469 shares in the company, valued at $50,491,748.08. The trade was a 3.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $87.84 on Wednesday. The firm’s 50 day moving average price is $86.44 and its 200-day moving average price is $60.68. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market cap of $200.10 billion, a P/E ratio of 462.34, a P/E/G ratio of 10.84 and a beta of 2.81.

Hedge Funds Weigh In On Palantir Technologies

Several large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Palantir Technologies by 0.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 215,928 shares of the company’s stock worth $16,331,000 after acquiring an additional 1,771 shares during the last quarter. Integrated Advisors Network LLC increased its stake in Palantir Technologies by 8.0% during the 4th quarter. Integrated Advisors Network LLC now owns 32,795 shares of the company’s stock worth $2,480,000 after buying an additional 2,429 shares during the period. Liberty Square Wealth Partners LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $271,000. Ameriflex Group Inc. purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $1,379,000. Finally, American Trust purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $258,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLTR. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America boosted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.21.

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.