Insider Selling: Palantir Technologies Inc. (NASDAQ:PLTR) Director Sells 6,776 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Alexandra W. Schiff sold 6,776 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares of the company’s stock, valued at approximately $15,993,370.71. The trade was a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Palantir Technologies Stock Up 5.7 %

Shares of NASDAQ:PLTR opened at $85.07 on Friday. The business has a fifty day simple moving average of $87.31 and a 200-day simple moving average of $62.91. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The company has a market cap of $199.51 billion, a P/E ratio of 447.74, a P/E/G ratio of 10.84 and a beta of 2.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter worth approximately $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the last quarter. HighMark Wealth Management LLC raised its position in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PLTR. Robert W. Baird lifted their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. DA Davidson lifted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Mizuho raised their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.79.

About Palantir Technologies

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.