Palantir announces date for first public earnings report

(Ticker Report) – Palantir Technologies (NYSE:PLTR) is scheduled to release its earnings data after the market closes on Thursday, November 12th. Analysts expect Palantir Technologies to post earnings of $0.04 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

NYSE PLTR opened at $10.72 on Thursday. Palantir Technologies has a 12 month low of $8.90 and a 12 month high of $11.42.

A number of research firms have commented on PLTR. Smith Barney Citigroup began coverage on shares of Palantir Technologies in a research note on Tuesday, October 27th. They set a “neutral” rating and a $10.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Palantir Technologies in a research report on Monday, October 26th. They set a “neutral” rating and a $10.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Palantir Technologies in a research report on Monday, October 26th. They set a “buy” rating and a $13.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Palantir Technologies in a research report on Monday, October 26th. They set an “overweight” rating and a $13.00 price objective on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Palantir Technologies in a research report on Monday, October 26th. They set a “sector perform” rating and a $11.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $11.33.

In related news, CEO Alexander C. Karp sold 11,500,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $9.70, for a total value of $111,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,426,496 shares of the company’s stock, valued at $62,337,011.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Shyam Sankar sold 1,405,715 shares of Palantir Technologies 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 transaction, the chief operating officer now directly owns 5,666,667 shares of the company’s stock, valued at $57,346,670.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,385,740 shares of company stock valued at $169,948,219.
Palantir Technologies Company Profile

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.

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