Palantir Technologies Inc. (NASDAQ:PLTR) Given Average Rating of "Hold" by Brokerages

Key Points

• Palantir Technologies has received an average rating of "Hold" from 22 research firms, with 15 holding, 5 buying, and 2 selling the stock.
• Analysts have set a one-year average price target of $141.28, with some price targets ranging from $90.00 to $201.00.
• Insider transactions revealed significant selling, with over 1.5 million shares sold recently, representing approximately 9.23% of the company's stock owned by insiders.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) has received an average rating of "Hold" from the twenty-two research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $141.2778.

A number of equities analysts have recently commented on the company. Piper Sandler boosted their price target on Palantir Technologies from $182.00 to $201.00 and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Cantor Fitzgerald upped their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price target on Palantir Technologies in a research report on Monday, September 15th. The Goldman Sachs Group upped their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director directly owned 62,087 shares of the company's stock, valued at $11,572,395.93. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Buckley sold 2,803 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,557,750 shares of company stock valued at $239,713,896. Corporate insiders own 9.23% of the company's stock.

Institutional Trading of Palantir Technologies

Institutional investors have recently added to or reduced their stakes in the company. Lionshead Wealth Management LLC lifted its stake in shares of Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company's stock valued at $2,395,000 after purchasing an additional 56 shares during the period. Ellenbecker Investment Group grew its stake in shares of Palantir Technologies by 3.6% during the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company's stock valued at $295,000 after buying an additional 57 shares during the last quarter. Traveka Wealth LLC lifted its holdings in Palantir Technologies by 1.6% during the third quarter. Traveka Wealth LLC now owns 3,695 shares of the company's stock worth $674,000 after buying an additional 57 shares during the period. Market Street Wealth Management Advisors LLC raised its stake in Palantir Technologies by 4.0% in the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 1,539 shares of the company's stock worth $281,000 after acquiring an additional 59 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Palantir Technologies by 3.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 1,837 shares of the company's stock valued at $335,000 after buying an additional 60 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 2.3%

Shares of NASDAQ PLTR opened at $184.63 on Friday. Palantir Technologies has a one year low of $40.90 and a one year high of $190.00. The business has a 50-day moving average price of $171.35 and a two-hundred day moving average price of $146.82. The firm has a market capitalization of $438.01 billion, a PE ratio of 615.45, a PEG ratio of 10.01 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business's revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Palantir Technologies will post 0.31 EPS for the current year.

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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