Alexander D. Moore Sells 37,076 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock – MarketBeat

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Palantir Technologies Inc. (NYSE:PLTR – Get Rating) Director Alexander D. Moore sold 37,076 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $9.20, for a total value of $341,099.20. Following the completion of the sale, the director now owns 1,923,852 shares in the company, valued at $17,699,438.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE PLTR traded down $0.27 during midday trading on Wednesday, reaching $9.80. 54,559,426 shares of the company were exchanged, compared to its average volume of 48,183,711. Palantir Technologies Inc. has a 1 year low of $6.44 and a 1 year high of $29.29. The stock has a fifty day simple moving average of $8.84 and a 200 day simple moving average of $12.06. The stock has a market cap of $19.90 billion, a P/E ratio of -39.72 and a beta of 4.16.
Palantir Technologies (NYSE:PLTR – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Palantir Technologies had a positive return on equity of 12.04% and a negative net margin of 30.25%. The company had revenue of $446.36 million for the quarter, compared to analysts’ expectations of $443.51 million. During the same period in the prior year, the business earned $0.04 EPS. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post -0.07 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLTR. Millennium Management LLC grew its holdings in shares of Palantir Technologies by 268.8% during the third quarter. Millennium Management LLC now owns 209,205 shares of the company’s stock worth $5,029,000 after buying an additional 152,478 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Palantir Technologies in the 3rd quarter valued at approximately $248,000. DNB Asset Management AS boosted its holdings in Palantir Technologies by 18.5% in the 4th quarter. DNB Asset Management AS now owns 221,824 shares of the company’s stock valued at $4,039,000 after purchasing an additional 34,662 shares in the last quarter. Diversified Trust Co boosted its holdings in Palantir Technologies by 15.4% in the 4th quarter. Diversified Trust Co now owns 11,962 shares of the company’s stock valued at $218,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Palantir Technologies by 1,176.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,929 shares of the company’s stock valued at $90,000 after purchasing an additional 4,543 shares in the last quarter. 40.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on PLTR shares. Citigroup cut their price target on Palantir Technologies from $10.00 to $7.00 in a research note on Tuesday, May 10th. Monness Crespi & Hardt started coverage on Palantir Technologies in a research note on Monday, April 11th. They issued a “buy” rating and a $20.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Palantir Technologies from $15.00 to $11.00 in a research note on Tuesday, May 10th. The Goldman Sachs Group started coverage on Palantir Technologies in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $10.00 price target on the stock. Finally, Royal Bank of Canada cut Palantir Technologies from a “sector perform” rating to an “underperform” rating and cut their price target for the company from $12.00 to $6.00 in a research note on Monday, May 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.27.
About Palantir Technologies (Get Rating)
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 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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