Palantir Technologies (NASDAQ:PLTR) Upgraded at Daiwa America

Palantir Technologies (NASDAQ:PLTRGet Free Report) was upgraded by investment analysts at Daiwa America from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $200.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Weiss Ratings cut shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. HSBC upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Tuesday, February 3rd. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $191.05.

Get Our Latest Stock Report on PLTR

Palantir Technologies Stock Performance

Shares of PLTR opened at $139.45 on Tuesday. Palantir Technologies has a one year low of $66.12 and a one year high of $207.52. The stock has a 50-day moving average price of $172.72 and a 200 day moving average price of $173.16. The company has a market capitalization of $332.37 billion, a P/E ratio of 221.35, a P/E/G ratio of 2.74 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company 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%.Palantir Technologies’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. As a group, equities research analysts forecast that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider David A. Glazer sold 9,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the sale, the insider owned 413,639 shares of the company’s stock, valued at approximately $76,899,626.49. This represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 19,004 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at $100,435,312.50. This trade represents a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,023,844 shares of company stock worth $167,455,085. Insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Viewpoint Capital Management LLC increased its stake in shares of Palantir Technologies by 8.1% in the fourth quarter. Viewpoint Capital Management LLC now owns 2,264 shares of the company’s stock valued at $402,000 after buying an additional 170 shares during the period. Arsenal Capital Advisors LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $3,629,000. Flagship Wealth Advisors LLC grew its position in shares of Palantir Technologies by 228.6% during the 4th quarter. Flagship Wealth Advisors LLC now owns 575 shares of the company’s stock worth $102,000 after buying an additional 400 shares during the period. Total Wealth Planning & Management Inc. bought a new position in Palantir Technologies during the fourth quarter worth $329,000. Finally, SlateStone Wealth LLC boosted its position in shares of Palantir Technologies by 0.4% during the 4th quarter. SlateStone Wealth LLC now owns 64,963 shares of the company’s stock worth $11,547,000 after purchasing an additional 263 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

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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