Peter Thiel Sells 6,285,833 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Peter Thiel sold 6,285,833 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total value of $134,076,817.89. Following the transaction, the director now directly owns 64,520,599 shares in the company, valued at approximately $1,376,224,376.67. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Peter Thiel also recently made the following trade(s):

• On Friday, May 10th, Peter Thiel sold 5,000,000 shares of Palantir Technologies stock. The shares were sold at an average price of $20.78, for a total transaction of $103,900,000.00.
• On Tuesday, March 12th, Peter Thiel sold 7,044,756 shares of Palantir Technologies stock. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR traded down $0.52 during mid-day trading on Friday, reaching $20.62. 59,618,139 shares of the company’s stock were exchanged, compared to its average volume of 63,520,242. Palantir Technologies Inc. has a twelve month low of $9.02 and a twelve month high of $27.50. The business’s fifty day moving average price is $23.20 and its 200-day moving average price is $20.36. The firm has a market capitalization of $45.63 billion, a price-to-earnings ratio of 231.36, a PEG ratio of 5.72 and a beta of 2.76.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The firm had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLTR. Bank of America upped their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Citigroup upped their price objective on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday. HSBC upped their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Finally, Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and upped their target price for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.65.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds have recently bought and sold shares of the company. Brown Advisory Inc. increased its stake in Palantir Technologies by 9.9% in the third quarter. Brown Advisory Inc. now owns 14,425 shares of the company’s stock valued at $231,000 after purchasing an additional 1,300 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Palantir Technologies by 26.0% in the 3rd quarter. Mackenzie Financial Corp now owns 125,145 shares of the company’s stock worth $1,865,000 after acquiring an additional 25,852 shares during the last quarter. Strs Ohio bought a new position in Palantir Technologies in the 3rd quarter valued at about $805,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Palantir Technologies by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,363 shares of the company’s stock valued at $694,000 after purchasing an additional 11,219 shares during the last quarter. Finally, Advisor Partners II LLC bought a new stake in Palantir Technologies during the 3rd quarter worth approximately $227,000. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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.