Insider Trading at Palantir Technologies: Ryan D. Taylor Sells Shares

On October 25th, Ryan D. Taylor, an insider at Palantir Technologies Inc. (NYSE:PLTR), sold a significant portion of his shares. Taylor disposed of 123,334 shares at an average price of $45.00 each, with the total value of the transaction reaching $5,550,030.00. After this sale, Taylor holds 331,369 shares of the company, which are valued at approximately $14,911,605. This sale marks a negligible change in his overall ownership of the stock.

Current Stock Performance of Palantir Technologies

As of Wednesday, PLTR shares opened at $44.96. Over the past year, Palantir Technologies' stock has seen a low of $14.48 and a high of $45.14. The company currently holds a market capitalization of $100.67 billion and carries a P/E ratio of 264.44. Additionally, the stock has a beta of 2.72, indicating its volatility relative to the market. The 50-day and 200-day moving average prices are $37.36 and $29.17, respectively.

Financial Performance and Earnings Reports

In its most recent earnings report released on August 5th, Palantir Technologies posted earnings of $0.03 per share. This figure fell short of analysts' expectations, which had predicted $0.04 earnings per share. Despite this, the company reported a net margin of 16.32% and a return on equity of 8.88%. Revenue for the quarter was recorded at $678.13 million, surpassing the consensus estimate of $653.23 million, and representing a year-over-year increase of 27.2%. Analysts predict that Palantir Technologies will achieve an EPS of $0.19 for the current year.

Analysts' Perspectives on Palantir Technologies

Recent assessments from market analysts on Palantir Technologies have varied. Jefferies Financial Group raised its target price from $24.00 to $28.00 and issued a 'hold' recommendation. Similarly, DA Davidson also set a new price objective of $28.00, maintaining a 'neutral' rating. Mizuho lifted its target price to $30.00 while assigning an 'underperform' rating. Conversely, Wedbush increased its target from $38.00 to $45.00, offering an 'outperform' rating. Citigroup also raised its price target to $28.00 while rating the stock as 'neutral'. Currently, five analysts recommend selling the stock, eight suggest holding, and three analysts recommend buying. As per MarketBeat.com, the stock averages a 'Hold' rating, with a target price of $27.86.

Institutional Investors' Activity in Palantir Technologies

Recently, institutional investors have shown interest in Palantir Technologies. Summit Securities Group LLC initiated a new position, investing around $25,000 during the second quarter, along with Farmers & Merchants Investments Inc. which also acquired a stake of approximately the same value. Northwest Investment Counselors LLC followed suit in the third quarter, acquiring shares valued at $25,000. Meanwhile, the University of Texas Texas AM Investment Management Co. purchased $30,000 worth of shares in the second quarter. In the first quarter, Beacon Capital Management LLC increased its holdings by 269.5%, now owning shares valued at $35,000 after acquiring an additional 1,105 shares. Institutional investors and hedge funds currently control about 45.65% of Palantir Technologies’ stock.

Overview of Palantir Technologies

Palantir Technologies Inc. specializes in developing software platforms focused on assisting the intelligence community with counterterrorism investigations and operations both domestically and internationally. Their key product, Palantir Gotham, enables users to uncover complex patterns within large datasets, ranging from signals intelligence to confidential reports, thereby enhancing operational effectiveness in detecting and responding to identified threats.

Palantir, Earnings, Shares