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

Key Points

• Palantir Technologies Inc. has received an average rating of "Hold" from 21 research firms, with two analysts recommending a sell, fifteen a hold, and four a buy.
• Significant insider transactions were reported, with Director Lauren Elaina Friedman Stat selling 9,000 shares and David A. Glazer selling 81,000 shares, collectively decreasing their holdings by over 15%.
• Palantir Technologies recently reported earnings of $0.16 per share for the quarter, surpassing estimates of $0.14, alongside a 48% year-over-year revenue growth of $1 billion.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) has received an average rating of "Hold" from the twenty-one research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $140.2222.

A number of research firms have issued reports on PLTR. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Mizuho set a $165.00 target price on shares of Palantir Technologies in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Bank of America raised their price objective on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. This trade represents a 15.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,591,085 shares of company stock worth $244,676,722. 12.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PLTR. Norges Bank purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at $3,307,457,000. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies during the 2nd quarter worth $2,543,888,000. Vanguard Group Inc. grew its position in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the last quarter. Nuveen LLC purchased a new position in Palantir Technologies during the 1st quarter worth $520,232,000. Finally, State Street Corp grew its position in Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company's stock worth $12,879,667,000 after purchasing an additional 6,097,629 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 2.0%

Palantir Technologies stock opened at $182.42 on Wednesday. The firm has a market cap of $432.76 billion, a PE ratio of 608.09, a price-to-earnings-growth ratio of 9.98 and a beta of 2.59. Palantir Technologies has a 52-week low of $36.05 and a 52-week high of $190.00. The company's 50 day moving average is $167.37 and its two-hundred day moving average is $134.98.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Palantir Technologies will post 0.31 earnings per share for the current fiscal 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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