Palantir Technologies Inc. (NYSE:PLTR) Director Alexander D. Moore sold 12,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $23.18, for a total value of $278,160.00. Following the transaction, the director now owns 2,247,549 shares of the company’s stock, valued at $52,098,185.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NYSE PLTR opened at $22.90 on Thursday. Palantir Technologies Inc. has a 52-week low of $8.90 and a 52-week high of $45.00. The company’s fifty day moving average is $24.65.
Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Tuesday, February 16th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The company had revenue of $322.09 million for the quarter, compared to analysts’ expectations of $300.40 million. As a group, sell-side analysts predict that Palantir Technologies Inc. will post -1.35 earnings per share for the current fiscal year.
PLTR has been the subject of several analyst reports. Credit Suisse Group initiated coverage on Palantir Technologies in a report on Tuesday, March 16th. They issued an “underperform” rating and a $20.00 price target for the company. Jefferies Financial Group boosted their price target on Palantir Technologies from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, February 12th. Morgan Stanley boosted their price target on Palantir Technologies from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, February 17th. They noted that the move was a valuation call. Citigroup downgraded Palantir Technologies from a “neutral” rating to a “sell” rating and boosted their price target for the company from $10.00 to $15.00 in a report on Wednesday, January 13th. Finally, William Blair downgraded Palantir Technologies from a “market perform” rating to an “underperform” rating in a report on Tuesday, February 16th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.57.
Palantir Technologies Company Profile
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
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