Palantir Technologies Inc. (NASDAQ:PLTR) Director Sells Shares

On January 7th, Alexandra W. Schiff, a director at Palantir Technologies Inc. (NASDAQ:PLTR), sold 4,000 shares of the company's stock. The shares were sold at an average price of $71.63, totaling $286,520. Following this sale, Schiff now owns 195,393 shares, which are valued at approximately $13,996,000.59. This transaction indicates a 2.01% reduction in her ownership stake in Palantir. The details of this transaction were disclosed in a filing with the Securities and Exchange Commission (SEC).

Palantir Technologies Stock Performance

Recently, shares of Palantir Technologies opened at $67.26, experiencing a decline of 1.4%. The company has a market capitalization of $153.22 billion and a price-to-earnings ratio of 336.32. Over the past year, the stock has fluctuated, hitting a low of $16.03 and a high of $84.80. Additionally, Palantir's 50-day and 200-day simple moving averages stand at $68.93 and $45.68, respectively.

Quarterly Earnings Report

Palantir Technologies announced its quarterly earnings on November 4th, reporting earnings per share of $0.10, slightly surpassing analysts' estimates of $0.09. The company generated revenues of $725.52 million, exceeding the expected $705.11 million. With a net margin of 18.01% and a return on equity of 9.94%, Palantir showed robust growth, with a year-over-year revenue increase of 30%. For the current fiscal year, analysts predict earnings per share to reach 0.21.

Institutional Investors' Activities

Recent modifications to shares held by institutional investors in Palantir Technologies were noted. Graypoint LLC raised its holdings by 61.3%, owning 11,607 shares valued at $878,000 after purchasing additional shares. RMR Wealth Builders also increased its position by 2.4%, now holding 7,201 shares valued at $545,000. Other firms, such as Atlas Brown Inc. and HBW Advisory Services, have also adjusted their stakes in the company. Approximately 45.65% of Palantir's stock is held by institutional investors.

Analyst Recommendations

Palantir Technologies has been the subject of various analyst evaluations. On November 25th, Wedbush raised its price target for the stock from $57.00 to $75.00, rating it as "outperform." Conversely, Jefferies Financial Group downgraded the stock from "hold" to "underperform," with a revised target of $28.00. Several firms have issued mixed ratings, with data from MarketBeat indicating a consensus rating of "Hold" and an average price target of $42.12 for the stock.

Company Overview

Palantir Technologies is involved in creating software platforms that act as central operating systems for various customers. The company operates through two segments: Commercial and Government. The Commercial segment mainly serves non-government industries, while the Government segment focuses on providing services to U.S. governmental and non-governmental agencies.

Palantir, Stocks, Selling