Investors Purchase Large Volume of Call Options on Palantir Technologies

(Ticker Report) – Palantir Technologies logoPalantir Technologies Inc. (NYSE:PLTR) was the target of unusually large options trading on Wednesday. Stock investors acquired 181,317 call options on the company. This represents an increase of approximately 140% compared to the typical daily volume of 75,548 call options.

PLTR opened at $15.96 on Thursday. Palantir Technologies has a 1-year low of $8.90 and a 1-year high of $15.97.

In related news, Director Alexander D. Moore sold 285,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $9.54, for a total value of $2,718,900.00.

Following the transaction, the director now directly owns 2,714,249 shares of the company’s stock, valued at $25,893,935.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 2,000,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $9.71, for a total value of $19,420,000.00. Following the completion of the sale, the insider now owns 3,402,647 shares in the company, valued at $33,039,702.37. The disclosure for this sale can be found here. Insiders have sold a total of 17,385,740 shares of company stock worth $169,948,219 in the last 90 days.

Institutional investors and hedge funds have recently bought and sold shares of the business. Jacobi Capital Management LLC bought a new stake in Palantir Technologies in the third quarter valued at $28,000. IFP Advisors Inc bought a new stake in Palantir Technologies in the third quarter valued at $36,000. D Orazio & Associates Inc. bought a new stake in Palantir Technologies in the third quarter valued at $36,000. Edge Wealth Management LLC bought a new stake in Palantir Technologies in the third quarter valued at $38,000. Finally, NEXT Financial Group Inc bought a new stake in Palantir Technologies in the third quarter valued at $54,000.
A number of equities analysts recently weighed in on PLTR shares. Jefferies Financial Group initiated coverage on shares of Palantir Technologies in a research note on Monday, October 26th. They set a “buy” rating and a $13.00 target price for the company. Smith Barney Citigroup began coverage on Palantir Technologies in a research report on Tuesday, October 27th. They issued a “neutral” rating and a $10.00 price objective for the company. Morgan Stanley initiated coverage on Palantir Technologies in a research report on Monday, October 26th. They set an “overweight” rating and a $13.00 target price on the stock. The Goldman Sachs Group assumed coverage on Palantir Technologies in a report on Monday, October 26th. They issued a “neutral” rating and a $10.00 target price for the company. Finally, Royal Bank of Canada assumed coverage on Palantir Technologies in a report on Monday, October 26th. They set a “sector perform” rating and a $11.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $11.33.

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.

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