Palantir Technologies (NASDAQ:PLTR) Upgraded to “Market Perform” at William Blair

William Blair upgraded shares of Palantir Technologies (NASDAQ:PLTR) from an underperform rating to a market perform rating in a report published on Wednesday, MarketBeat.com reports.

Several other brokerages also recently weighed in on PLTR. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Wedbush reissued an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a research report on Monday. DA Davidson raised their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada raised their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.79.

Palantir Technologies Stock Up 6.8 %

Shares of PLTR opened at $90.13 on Wednesday. The company has a market capitalization of $211.39 billion, a P/E ratio of 474.39, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The firm has a 50 day moving average of $87.34 and a 200 day moving average of $62.79. Palantir Technologies has a twelve month low of $20.33 and a twelve month high of $125.41.

Insider Activity at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the transaction, the insider now owns 170,273 shares in the company, valued at approximately $12,681,933.04. This trade represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,439,783 shares of company stock worth $107,497,043. 12.93% of the stock is owned by corporate insiders.

Institutional Trading of Palantir Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of PLTR. Farther Finance Advisors LLC increased its holdings in Palantir Technologies by 13.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock valued at $476,000 after acquiring an additional 1,514 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Palantir Technologies by 39.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 901,428 shares of the company’s stock valued at $33,533,000 after acquiring an additional 252,830 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in Palantir Technologies by 21.6% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 19,476 shares of the company’s stock valued at $725,000 after acquiring an additional 3,457 shares during the last quarter. Gulf International Bank UK Ltd increased its holdings in Palantir Technologies by 6.7% in the 3rd quarter. Gulf International Bank UK Ltd now owns 159,879 shares of the company’s stock valued at $5,947,000 after acquiring an additional 9,982 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Palantir Technologies by 211.1% in the 3rd quarter. Amalgamated Bank now owns 423,082 shares of the company’s stock valued at $15,739,000 after acquiring an additional 287,100 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.