Jeffrey Buckley Sells 1,232 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares in the company, valued at approximately $5,564,380.64. This trade represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, February 20th, Jeffrey Buckley sold 2,704 shares of Palantir Technologies stock. The shares were sold at an average price of $133.72, for a total transaction of $361,578.88.

Palantir Technologies Trading Up 4.2%

PLTR stock opened at $134.19 on Thursday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The business’s 50-day moving average is $161.79 and its 200 day moving average is $170.49. The stock has a market cap of $319.83 billion, a price-to-earnings ratio of 213.00, a PEG ratio of 2.48 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PLTR. LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $27,000. Bare Financial Services Inc increased its holdings in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in Palantir Technologies in the 2nd quarter valued at approximately $29,000. Basepoint Wealth LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at approximately $29,000. Finally, Zeit Capital LLC acquired a new position in Palantir Technologies during the second quarter worth $30,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PLTR. Phillip Securities started coverage on shares of Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price for the company. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Freedom Capital upgraded Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $191.05.

Read Our Latest Research Report on PLTR

Palantir Technologies News Roundup

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Palantir Technologies Company Profile

(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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