(Ticker Report) – Palantir Technologies Inc (NYSE:PLTR) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the stock, Marketbeat reports.
Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.33.
Several equities research analysts recently commented on the company. Morgan Stanley assumed coverage on Palantir Technologies in a research note on Monday. They issued an “overweight” rating and a $13.00 price target for the company. Jefferies Financial Group started coverage on Palantir Technologies in a research report on Monday. They set a “buy” rating and a $13.00 target price for the company. Smith Barney Citigroup started coverage on Palantir Technologies in a research report on Tuesday.
They set a “neutral” rating and a $10.00 target price for the company. Royal Bank of Canada assumed coverage on Palantir Technologies in a research report on Monday. They set a “sector perform” rating and a $11.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on Palantir Technologies in a report on Monday. They set a “neutral” rating and a $10.00 price target for the company.
Shares of PLTR opened at $10.75 on Tuesday. Palantir Technologies has a fifty-two week low of $8.90 and a fifty-two week high of $11.42.
In other news, COO Shyam Sankar sold 1,405,715 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $10.12, for a total transaction of $14,225,835.80. Following the sale, the chief operating officer now owns 5,666,667 shares in the company, valued at $57,346,670.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 2,000,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $9.71, for a total value of $19,420,000.00. Following the sale, the insider now owns 3,402,647 shares in the company, valued at approximately $33,039,702.37. The disclosure for this sale can be found here. Insiders have sold 17,385,740 shares of company stock valued at $169,948,219 over the last quarter.
Several hedge funds have recently made changes to their positions in the company. IFP Advisors Inc bought a new stake in shares of Palantir Technologies during the third quarter worth $36,000. D Orazio & Associates Inc. bought a new position in Palantir Technologies in the third quarter valued at about $36,000. Edge Wealth Management LLC bought a new position in Palantir Technologies in the third quarter valued at about $38,000. NEXT Financial Group Inc bought a new position in Palantir Technologies in the third quarter valued at about $54,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Palantir Technologies in the third quarter valued at about $57,000.
About Palantir Technologies
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. It offers 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.
