Cantor Fitzgerald Comments on PLTR FY2026 Earnings

Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for Palantir Technologies in a note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey expects that the company will earn $0.41 per share for the year. Cantor Fitzgerald has a "Neutral" rating and a $110.00 price objective on the stock. The consensus estimate for Palantir Technologies' current full-year earnings is $0.31 per share.

Other analysts also recently issued reports about the company. Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, May 6th. DA Davidson boosted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Morgan Stanley raised their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup boosted their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $86.30.

Palantir Technologies Price Performance

NASDAQ:PLTR traded up $2.21 during trading hours on Tuesday, reaching $137.40. 93,318,005 shares of the company traded hands, compared to its average volume of 80,799,461. The firm's 50-day moving average is $115.48 and its 200-day moving average is $94.61. The stock has a market cap of $324.25 billion, a P/E ratio of 723.20, a P/E/G ratio of 10.84 and a beta of 2.64. Palantir Technologies has a 1-year low of $21.23 and a 1-year high of $140.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently modified their holdings of the business. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the 1st quarter worth about $25,000. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $27,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Palantir Technologies in the first quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth approximately $27,000. Finally, HighMark Wealth Management LLC grew its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $45,371,734.98. Following the transaction, the insider now directly owns 6,432,258 shares of the company's stock, valued at $812,973,088.62. This trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,816,925 shares of company stock valued at $215,448,358 in the last quarter. Insiders own 9.23% of the company's stock.

Palantir Technologies Company Profile

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.