The Goldman Sachs Group assumed coverage on shares of Palantir Technologies (NYSE:PLTR) in a research note published on Monday morning, Anlyst Ratings reports. The firm issued a neutral rating and a $10.00 price objective on the stock.
Separately, Jefferies Financial Group began coverage on Palantir Technologies in a research report on Monday. They set a buy rating and a $13.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $11.33.
Shares of PLTR stock opened at $10.75 on Monday. Palantir Technologies has a 1 year low of $8.90 and a 1 year high of $11.42.
In other news, General Counsel Matthew A. Long sold 579,404 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $10.06, for a total transaction of $5,828,804.24. Following the transaction, the general counsel now owns 1,313,410 shares of the company’s stock, valued at $13,212,904.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Shyam Sankar sold 1,405,715 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $10.12, for a total value of $14,225,835.80. Following the transaction, the chief operating officer now directly owns 5,666,667 shares in the company, valued at approximately $57,346,670.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,385,740 shares of company stock worth $169,948,219.
A number of large investors have recently made changes to their positions in PLTR. San Francisco Sentry Investment Group CA bought a new position in Palantir Technologies in the third quarter worth approximately $57,000. Manchester Financial Inc. bought a new position in Palantir Technologies in the third quarter worth approximately $878,000. D Orazio & Associates Inc. bought a new position in Palantir Technologies in the third quarter worth approximately $36,000. Trellus Management Company LLC bought a new position in Palantir Technologies in the third quarter worth approximately $181,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Palantir Technologies in the third quarter worth approximately $505,000.
Palantir Technologies Company Profile
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. It offers Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, 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.
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