Palantir Technologies Inc. (NYSE:PLTR) Insider David A. Glazer Sells 9,000 Shares

Palantir Technologies Inc. (NYSE:PLTR) insider David A. Glazer sold 9,000 shares of the firm’s stock in a transaction on Thursday, September 16th. The stock was sold at an average price of $27.90, for a total value of $251,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NYSE PLTR traded down $2.16 during mid-day trading on Monday, hitting $26.55. 89,005,103 shares of the company’s stock traded hands, compared to its average volume of 62,906,918. The company’s 50-day moving average is $24.18 and its two-hundred day moving average is $23.65. The company has a market capitalization of $51.86 billion and a P/E ratio of -22.89. Palantir Technologies Inc. has a 1 year low of $8.90 and a 1 year high of $45.00.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Thursday, August 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $375.64 million for the quarter, compared to the consensus estimate of $360.60 million. Palantir Technologies had a negative net margin of 95.14% and a positive return on equity of 20.55%.

Institutional investors have recently modified their holdings of the stock. Northern Oak Wealth Management Inc. acquired a new stake in shares of Palantir Technologies in the first quarter valued at about $26,000. Strategic Blueprint LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $27,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $32,000. Tsfg LLC increased its stake in Palantir Technologies by 66.7% during the 2nd quarter. Tsfg LLC now owns 1,250 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the period. Finally, Huntington National Bank purchased a new stake in Palantir Technologies during the 2nd quarter worth approximately $34,000. 22.13% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on PLTR. Royal Bank of Canada increased their price objective on Palantir Technologies from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, August 13th. Morgan Stanley raised their price target on Palantir Technologies from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 13th. Wolfe Research lifted their price objective on Palantir Technologies from $20.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, August 13th. They noted that the move was a valuation call. Zacks Investment Research downgraded Palantir Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 19th. Finally, Jefferies Financial Group lifted their price objective on Palantir Technologies from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 12th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.11.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides 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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Insider Buying and Selling by Quarter for Palantir Technologies (NYSE:PLTR)

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