<div id="readability-page-1"><p>Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $206.00 and last traded at $203.7430, with a volume of 5474565 shares changing hands. The stock had previously closed at $200.47.</p><div><p><span></span><span>Get <strong>Palantir Technologies</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><ul><li>Palantir Breaks Out: Why PLTR Stock May Rally Into Year-End</li></ul><p>A number of brokerages have recently commented on PLTR. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a &#34;sell&#34; rating to a &#34;hold&#34; rating and lifted their target price for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. The Goldman Sachs Group upped their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday, August 6th. Wedbush  set a $200.00 target price on shares of Palantir Technologies and gave the stock an &#34;outperform&#34; rating in a research note on Tuesday, August 5th. Bank of America upped their price target on shares of Palantir Technologies from $180.00 to $215.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, September 23rd. Finally, Wall Street Zen downgraded shares of Palantir Technologies from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday, August 30th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned  a Hold rating and two have assigned  a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of &#34;Hold&#34; and an average target price of $142.00.</p><p><b>Check Out Our Latest Stock Analysis on PLTR</b></p><h2>Palantir Technologies Stock Performance</h2><ul><li>5 Stocks to Stuff Your Portfolio This November</li></ul><p>The stock has a market cap of $483.49 billion, a PE ratio of 678.59, a PEG ratio of 10.87 and a beta of 2.63. The stock's 50-day moving average is $174.75 and its two-hundred day moving average is $151.19. </p><p>Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS.  Analysts forecast that  Palantir Technologies Inc. will post 0.31 EPS for the current year. </p><h2>Insider Buying and Selling</h2><ul><li>MarketBeat Week in Review – 10/20 - 10/24</li></ul><p>In other news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,557,750 shares of company stock worth $239,713,896 over the last three months. 12.93% of the stock is owned by insiders. </p><h2>Hedge Funds Weigh In On Palantir Technologies</h2><p>A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of  Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock valued at $28,043,432,000 after acquiring an additional 7,194,216 shares during the period.  State Street Corp raised its stake in shares of  Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company's stock valued at $12,879,667,000 after acquiring an additional 6,097,629 shares during the period.  Norges Bank purchased a new position in shares of  Palantir Technologies in the 2nd quarter valued at $3,307,457,000.  Invesco Ltd. grew its holdings in  Palantir Technologies by 16.0% during the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company's stock valued at $2,806,182,000 after purchasing an additional 2,838,300 shares in the last quarter.  Finally, Northern Trust Corp grew its holdings in  Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after purchasing an additional 64,973 shares in the last quarter. Hedge funds and other institutional investors own  45.65% of the company's stock. </p><h2>About Palantir Technologies</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Palantir Technologies</li><li>What Do S&amp;P 500 Stocks Tell Investors About the Market? </li><li>Ford and GM Stocks Jump—Is the Auto Rebound Real?</li><li>Insider Selling Explained: Can it Inform Your Investing Choices?</li><li>Q3 Telecom Wars: How AT&amp;T, TMUS and VZ Stack Up After the Results</li><li>Conference Calls and Individual Investors</li><li>Boeing Closes in on Airbus With Best Delivery Quarter Since 2018</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Palantir Technologies Right Now?</h2><p>Before you consider Palantir Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.</p><p>While Palantir Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PLTR

<p>Palantir Technologies (NASDAQ:PLTR) reached a new 52-week high of $206.00, closing at $203.74 with a trading volume of over 5.4 million shares. Analysts have mixed ratings, with Deutsche Bank upgrading to "hold" and raising the target price to $160.00, while Goldman Sachs set a target of $141.00. The stock has a market cap of $483.49 billion and reported a quarterly EPS of $0.16, exceeding expectations. Insider trading activity includes significant sales by executives. Hedge funds have also increased their stakes in the company recently.</p>

- Palantir Technologies Inc. reached a new 52-week high of $206.00, closing at $203.74 with a trading volume of 5,474,565 shares.  
- Recent analyst ratings include upgrades from Deutsche Bank and Goldman Sachs, with a consensus rating of "Hold" and an average target price of $142.00.  
- The company reported a quarterly revenue of $1 billion, exceeding expectations, and has seen significant insider selling, with 12.93% of shares owned by insiders.

Palantir Technologies (NASDAQ:PLTR) Hits New 52-Week High - Time to Buy?