Ryan D. Taylor Sells 3,936 Shares of Palantir Technologies Inc. (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Ryan D. Taylor sold 3,936 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $495,817.92. Following the sale, the insider now owns 363,755 shares in the company, valued at approximately $45,822,217.35. The trade was a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $123.31 on Friday. Palantir Technologies Inc. has a 1-year low of $20.64 and a 1-year high of $133.49. The company’s fifty day simple moving average is $102.66 and its 200-day simple moving average is $87.59. The stock has a market capitalization of $289.21 billion, a PE ratio of 649.03, a P/E/G ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. Palantir Technologies’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLTR. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Loop Capital increased their price objective on Palantir Technologies from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Mizuho upped their target price on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an “underperform” rating in a research note on Tuesday, May 6th. Finally, Northland Securities lifted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $83.95.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PLTR. Mather Group LLC. increased its holdings in Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after acquiring an additional 448 shares in the last quarter. Diversify Wealth Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $876,000. Destiny Wealth Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $3,233,000. Grange Capital LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $5,829,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Palantir Technologies by 66.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 417,956 shares of the company’s stock valued at $31,610,000 after purchasing an additional 166,636 shares during the period. Institutional investors own 45.65% of the company’s stock.

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.