Palantir Technologies’ (PLTR) “Underperform” Rating Reiterated at William Blair

William Blair reissued their underperform rating on shares of Palantir Technologies (NASDAQ:PLTR) in a research report released on Wednesday,RTT News reports.

Other equities analysts also recently issued research reports about the stock. Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Robert W. Baird initiated coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price objective for the company. Northland Capmk raised Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Northland Securities boosted their price target on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Bank of America raised their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.00.

Palantir Technologies Trading Up 8.5 %

Shares of PLTR opened at $80.55 on Wednesday. The firm has a fifty day simple moving average of $59.06 and a two-hundred day simple moving average of $40.26. The firm has a market cap of $183.49 billion, a PE ratio of 402.77, a P/E/G ratio of 10.18 and a beta of 2.87. Palantir Technologies has a 1-year low of $15.66 and a 1-year high of $80.91.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. As a group, research analysts forecast that Palantir Technologies will post 0.21 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, Director Peter Thiel sold 3,989,204 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $36.94, for a total transaction of $147,361,195.76. Following the sale, the director now directly owns 42,683,569 shares of the company’s stock, valued at $1,576,731,038.86. This represents a 8.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the transaction, the director now directly owns 100,923 shares of the company’s stock, valued at approximately $7,748,867.94. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,612,366 shares of company stock valued at $1,867,342,292. Corporate insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors have recently bought and sold shares of PLTR. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $25,000. Prestige Wealth Management Group LLC raised its holdings in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the period. Summit Securities Group LLC bought a new stake in Palantir Technologies in the second quarter worth $25,000. Farmers & Merchants Investments Inc. purchased a new position in Palantir Technologies during the second quarter worth $25,000. Finally, Creekmur Asset Management LLC increased its position in Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock valued at $40,000 after acquiring an additional 335 shares during the last quarter. 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.