2 weeks Ago By ABMN Staff
Palantir Technologies Inc. ( NASDAQ:PLTR – Get Free Report )’s stock price dropped 3.1% during trading on Friday .
The stock traded as low as $85.52 and last traded at $85.88.
Approximately 36,365,411 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 70,954,914 shares. The stock had previously closed at $88.59.
Analysts Set New Price Targets A number of research firms have weighed in on PLTR. Bank of America boosted their price objective on Palantir Technologies from $90.00 to $125.
00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th.
Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price objective for the company.
Citigroup boosted their target price 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.
Finally, Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th.
Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $75.19.
View Our Latest Stock Analysis on Palantir Technologies Palantir Technologies Stock Performance Insider Activity at Palantir Technologies In other news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.
63, for a total value of $587,004.88. Following the transaction, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.
71. This represents a 3.54 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’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 value of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares of the company’s stock, valued at $9,059,661.
20. This trade represents a 11.80 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last 90 days. 12.
93% of the stock is owned by corporate insiders. Institutional Trading of Palantir Technologies Several institutional investors have recently modified their holdings of the stock. Coldstream Capital Management Inc.
purchased a new stake in Palantir Technologies in the third quarter valued at $639,000. Sunbelt Securities Inc. boosted its position in shares of Palantir Technologies by 700.
0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,960 shares of the company’s stock valued at $73,000 after purchasing an additional 1,715 shares during the period.
M&T Bank Corp grew its stake in Palantir Technologies by 37.0% during the 3rd quarter. M&T Bank Corp now owns 170,043 shares of the company’s stock worth $6,326,000 after buying an additional 45,965 shares during the last quarter.
World Investment Advisors LLC acquired a new position in Palantir Technologies during the third quarter worth approximately $347,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in Palantir Technologies by 48.7% in the third quarter.
Wilmington Savings Fund Society FSB now owns 17,538 shares of the company’s stock valued at $652,000 after buying an additional 5,747 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.
Palantir Technologies Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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