Palantir Technologies (NASDAQ:PLTR) Raised to “Hold” at Daiwa America

Palantir Technologies (NASDAQ:PLTR) was upgraded by equities researchers at Daiwa America to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Citigroup increased their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. Robert W. Baird lifted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group increased their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Finally, Wedbush restated an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $75.19.

Palantir Technologies Stock Performance

PLTR stock opened at $87.45 on Tuesday. The company’s fifty day moving average price is $92.68 and its 200-day moving average price is $70.34. Palantir Technologies has a one year low of $20.33 and a one year high of $125.41. The company has a market capitalization of $205.10 billion, a PE ratio of 460.29, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,993,175 shares of company stock valued at $253,549,610. 12.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Palantir Technologies

Large investors have recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC grew its position in 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 purchasing an additional 265 shares during the period. HighMark Wealth Management LLC lifted its holdings 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 valued at $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

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.