Jeffrey Buckley Sells 2,704 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) insider Jeffrey Buckley sold 2,704 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $361,578.88. Following the transaction, the insider owned 44,340 shares in the company, valued at $5,929,144.80. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $129.08, for a total transaction of $159,026.56.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $134.19 on Thursday. The firm has a market capitalization of $319.83 billion, a PE ratio of 213.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64. The business has a 50 day simple moving average of $161.79 and a two-hundred day simple moving average of $170.49. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently bought and sold shares of PLTR. LFA Lugano Financial Advisors SA bought a new stake in Palantir Technologies during the second quarter valued at about $27,000. Bare Financial Services Inc lifted its position in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $29,000. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies in the 4th quarter worth approximately $29,000. Finally, Zeit Capital LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Key Palantir Technologies News

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

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. Northland Securities raised shares of 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. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Royal Bank Of Canada lifted their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Weiss Ratings cut Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Finally, Morgan Stanley raised their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $191.05.

Check Out Our Latest Analysis on Palantir Technologies

About Palantir Technologies

(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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