Palantir Technologies (NASDAQ:PLTR) Insider Jeffrey Buckley Sells 2,704 Shares

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider Jeffrey Buckley sold 2,704 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $361,578.88. Following the completion of the transaction, the insider directly owned 44,340 shares of the company’s stock, valued at approximately $5,929,144.80. This trade represents a 5.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jeffrey Buckley also recently made the following trade(s):

  • On Tuesday, February 24th, Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56.

Palantir Technologies Stock Down 1.3%

Shares of PLTR stock opened at $128.84 on Wednesday. The company has a 50 day moving average price of $162.65 and a 200-day moving average price of $170.75. Palantir Technologies Inc. has a 52 week low of $66.12 and a 52 week high of $207.52. The firm has a market capitalization of $307.08 billion, a PE ratio of 204.51, a P/E/G ratio of 2.51 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. HSBC raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, February 3rd. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Tuesday, February 3rd. DA Davidson dropped their price objective on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. UBS Group cut their target price on shares of Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $191.05.

Get Our Latest Stock Analysis on PLTR

More Palantir Technologies News

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Institutional Investors Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLTR. DGS Capital Management LLC raised its stake in Palantir Technologies by 0.5% during the 4th quarter. DGS Capital Management LLC now owns 73,417 shares of the company’s stock worth $13,050,000 after acquiring an additional 375 shares during the period. Ketron Financial purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $601,000. SG Trading Solutions LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $3,338,000. Titan Investment Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $1,982,000. Finally, Floyd Financial Group LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $1,380,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

About Palantir Technologies

(Get Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Insider Buying and Selling by Quarter for Palantir Technologies (NASDAQ:PLTR)

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