Palantir Technologies Inc. (NASDAQ:PLTR) Director Sells $65,000.00 in Stock

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

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 stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20.

Palantir Technologies Stock Up 5.2 %

PLTR stock traded up $3.83 during midday trading on Monday, reaching $77.84. 168,354,200 shares of the company’s stock traded hands, compared to its average volume of 69,616,374. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a 50-day simple moving average of $92.72 and a two-hundred day simple moving average of $71.47. The company has a market cap of $182.56 billion, a price-to-earnings ratio of 409.71, a PEG ratio of 10.84 and a beta of 2.74.

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors have recently modified their holdings of PLTR. Mather Group LLC. increased its stake in Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 448 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $876,000. Destiny Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at about $3,233,000. Coldstream Capital Management Inc. acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth $639,000. Finally, Kieckhefer Group LLC bought a new stake in Palantir Technologies during the fourth quarter worth $11,769,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, Wedbush restated an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a research report on Monday, March 3rd. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.