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 Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $361,578.88. Following the completion of the sale, the insider owned 44,340 shares in the company, valued at $5,929,144.80. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Price Performance

NASDAQ:PLTR traded down $1.76 on Tuesday, hitting $128.84. 47,000,687 shares of the company’s stock were exchanged, compared to its average volume of 59,048,212. The firm 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 company has a market cap of $307.08 billion, a P/E ratio of 204.51, a price-to-earnings-growth ratio of 2.51 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $0.14 earnings per share. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Key Stories Impacting Palantir Technologies

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

Analysts Set New Price Targets

Several research firms have recently weighed in on PLTR. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $200.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Argus raised Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research note on Thursday, January 22nd. Finally, Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $191.05.

View Our Latest Research Report on PLTR

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently made changes to their positions in the stock. Decker Retirement Planning Inc. increased its stake in shares of Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after purchasing an additional 54,347 shares during the last quarter. Vanguard Group Inc. boosted its stake in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after buying an additional 7,194,216 shares in the last quarter. Prentice Wealth Management LLC bought a new position in Palantir Technologies in the third quarter valued at about $550,000. Watershed Private Wealth LLC grew its position in Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after acquiring an additional 3,350 shares during the last quarter. Finally, State of Michigan Retirement System raised its stake in Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after acquiring an additional 12,300 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

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

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