Palantir Technologies Inc. (NASDAQ:PLTR) Receives Average Rating of "Hold" from Analysts

Key Points

• Palantir Technologies has received an average analyst rating of "Hold", with 16 hold, 4 buy, and 2 sell recommendations from a total of 22 firms.
• The company's stock price target averages $136.61, with notable price targets set at $170.00 and $135.00 by various analysts.
• Insiders have sold nearly 1.99 million shares of Palantir stock valued at approximately $295 million over the last 90 days, indicating potential concerns about the company's performance.

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) have received an average recommendation of "Hold" from the twenty-two ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $136.6111.

A number of research firms have weighed in on PLTR. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Royal Bank Of Canada boosted their price objective on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 33,335 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total value of $4,510,558.85. Following the transaction, the insider directly owned 363,755 shares in the company, valued at approximately $49,219,689.05. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,990,586 shares of company stock worth $295,423,583 over the last ninety days. 9.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently modified their holdings of the business. Accuvest Global Advisors lifted its position in Palantir Technologies by 0.7% in the second quarter. Accuvest Global Advisors now owns 9,035 shares of the company's stock valued at $1,232,000 after buying an additional 63 shares during the last quarter. Ignite Planners LLC raised its stake in shares of Palantir Technologies by 0.4% in the 2nd quarter. Ignite Planners LLC now owns 15,362 shares of the company's stock valued at $2,094,000 after acquiring an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. lifted its holdings in shares of Palantir Technologies by 1.3% in the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock worth $747,000 after acquiring an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its position in shares of Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock worth $1,007,000 after purchasing an additional 73 shares during the period. Finally, Boomfish Wealth Group LLC increased its holdings in Palantir Technologies by 2.7% in the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company's stock valued at $379,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Down 1.9%

Shares of Palantir Technologies stock opened at $153.11 on Friday. Palantir Technologies has a twelve month low of $29.50 and a twelve month high of $190.00. The firm has a market capitalization of $363.23 billion, a PE ratio of 510.38, a P/E/G ratio of 8.80 and a beta of 2.59. The firm's 50-day moving average price is $157.00 and its 200 day moving average price is $124.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating 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 return on equity of 10.75% and a net margin of 22.18%.The firm's revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Palantir Technologies will post 0.31 EPS for the current fiscal year.

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.

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