FY2025 EPS Estimates for PLTR Raised by Cantor Fitzgerald

Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) - Research analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimates for shares of Palantir Technologies in a research report issued on Tuesday, May 6th. Cantor Fitzgerald analyst T. Blakey now expects that the company will earn $0.34 per share for the year, up from their previous estimate of $0.30. 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.

PLTR has been the topic of several other research reports. Mizuho increased their target price on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday. Robert W. Baird boosted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. DA Davidson upped their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Royal Bank of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $83.70.

Palantir Technologies Stock Performance

PLTR opened at $110.43 on Thursday. The company has a fifty day moving average price of $92.85 and a two-hundred day moving average price of $80.95. The firm has a market capitalization of $259.00 billion, a PE ratio of 581.24, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies has a 52 week low of $20.50 and a 52 week high of $125.41.

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

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now directly owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,978,181 shares of company stock worth $252,115,667. Company insiders own 12.93% of the company's stock.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Northern Trust Corp raised its position in shares of Palantir Technologies by 20.4% in the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after buying an additional 3,299,779 shares in the last quarter. Norges Bank bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $1,360,191,000. FMR LLC increased its stake in Palantir Technologies by 22.6% during the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after acquiring an additional 2,818,090 shares during the period. Finally, Invesco Ltd. raised its holdings in Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

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.

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