Palantir Technologies Inc. (NYSE:PLTR – Get Rating) insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction on Friday, November 25th. The shares were sold at an average price of $7.24, for a total transaction of $362,000.00. Following the completion of the sale, the insider now owns 1,855,012 shares of the company's stock, valued at approximately $13,430,286.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Palantir Technologies Trading Down 1.1 %

Shares of PLTR traded down $0.08 on Tuesday, reaching $7.08. The company's stock had a trading volume of 22,092,998 shares, compared to its average volume of 42,775,848. Palantir Technologies Inc. has a twelve month low of $6.44 and a twelve month high of $21.40. The stock has a market capitalization of $14.73 billion, a PE ratio of -25.78 and a beta of 3.10. The firm has a fifty day moving average of $7.92 and a 200-day moving average of $8.54.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Palantir Technologies to $9.00 in a research note on Tuesday, November 15th. Raymond James lowered their price objective on shares of Palantir Technologies from $20.00 to $15.00 and set a "strong-buy" rating for the company in a research note on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Palantir Technologies from $8.00 to $7.00 in a research note on Tuesday, November 8th. Credit Suisse Group lowered their price objective on shares of Palantir Technologies to $11.00 in a research note on Monday, August 15th. Finally, Morgan Stanley lowered their price objective on shares of Palantir Technologies from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Thursday, October 20th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.00.

Institutional Investors Weigh In On Palantir Technologies

About Palantir Technologies

(Get Rating)

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform 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.

Further Reading

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