Peter Thiel Sells 4,181,118 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 4,181,118 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $36.91, for a total transaction of $154,325,065.38. Following the completion of the transaction, the director now owns 38,502,451 shares in the company, valued at $1,421,125,466.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peter Thiel also recently made the following trade(s):

• On Friday, September 27th, Peter Thiel sold 3,989,204 shares of Palantir Technologies stock. The shares were sold at an average price of $36.94, for a total transaction of $147,361,195.76.
• On Wednesday, September 25th, Peter Thiel sold 4,254,666 shares of Palantir Technologies stock. The shares were sold at an average price of $36.77, for a total transaction of $156,444,068.82.

Palantir Technologies Trading Up 2.9 %

Palantir Technologies stock opened at $37.51 on Thursday. The firm’s 50 day simple moving average is $31.98 and its 200 day simple moving average is $26.59. The firm has a market capitalization of $84.00 billion, a PE ratio of 312.61 and a beta of 2.72. Palantir Technologies Inc. has a 1-year low of $14.48 and a 1-year high of $38.19.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV increased its holdings in shares of Palantir Technologies by 36.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,753 shares of the company’s stock worth $102,000 after buying an additional 741 shares during the last quarter. Ashburton Jersey Ltd bought a new position in shares of Palantir Technologies during the 2nd quarter valued at $36,000. Greater Midwest Financial Group LLC grew its holdings in shares of Palantir Technologies by 9.4% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 87,142 shares of the company’s stock valued at $2,207,000 after purchasing an additional 7,474 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Palantir Technologies during the 2nd quarter valued at $30,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at $3,587,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLTR. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Royal Bank of Canada restated an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 6th. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Wedbush upped their price target on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, DA Davidson upped their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.29.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform 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.