Palantir Technologies (NYSE:PLTR) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of Palantir Technologies (NYSE:PLTR) in a report issued on Monday, AnalystRatings.net reports. The firm issued an overweight rating and a $13.00 price objective on the stock.

A number of other research analysts also recently issued reports on PLTR. Credit Suisse Group started coverage on Palantir Technologies in a research note on Monday. They issued a neutral rating and a $11.00 price objective for the company. Royal Bank of Canada started coverage on Palantir Technologies in a research note on Monday. They issued a sector perform rating and a $11.00 price objective for the company. The Goldman Sachs Group started coverage on Palantir Technologies in a research note on Monday. They issued a neutral rating and a $10.00 price objective for the company. Finally, Jefferies Financial Group started coverage on Palantir Technologies in a research note on Monday. They issued a buy rating and a $13.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Palantir Technologies presently has an average rating of Hold and a consensus target price of $11.33.

Shares of Palantir Technologies stock opened at $10.75 on Monday. Palantir Technologies has a 12-month low of $8.90 and a 12-month high of $11.42.

In other news, Director Alexander D. Moore sold 285,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $9.54, for a total transaction of $2,718,900.00. Following the completion of the transaction, the director now owns 2,714,249 shares in the company, valued at approximately $25,893,935.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alexander C. Karp sold 11,500,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $9.70, for a total value of $111,550,000.00. Following the transaction, the chief executive officer now owns 6,426,496 shares of the company’s stock, valued at approximately $62,337,011.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,385,740 shares of company stock valued at $169,948,219 in the last quarter.

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc bought a new position in shares of Palantir Technologies during the 3rd quarter worth $36,000. D Orazio & Associates Inc. bought a new position in shares of Palantir Technologies during the 3rd quarter worth $36,000. Edge Wealth Management LLC bought a new position in shares of Palantir Technologies during the 3rd quarter worth $38,000. NEXT Financial Group Inc purchased a new stake in Palantir Technologies during the 3rd quarter worth about $54,000. Finally, San Francisco Sentry Investment Group CA purchased a new stake in Palantir Technologies during the 3rd quarter worth about $57,000.

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.

Read More: Hedge Funds – Risk or Reward?

Analyst Recommendations for Palantir Technologies (NYSE:PLTR)

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.