Palantir Technologies (NASDAQ:PLTR) Announces Quarterly Earnings Results, Meets Estimates

Palantir Technologies (NASDAQ:PLTR - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13, Briefing.com reports. The firm had revenue of $883.86 million for 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 business's revenue for the quarter was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. Palantir Technologies updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Palantir Technologies Stock Down 0.4 %

Shares of Palantir Technologies stock opened at $123.77 on Tuesday. The firm's 50-day moving average price is $91.86 and its two-hundred day moving average price is $80.55. The company has a market capitalization of $290.28 billion, a price-to-earnings ratio of 651.46, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies has a 12-month low of $20.50 and a 12-month high of $125.41.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the sale, the director now owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. This trade represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,978,181 shares of company stock valued at $252,115,667. Company insiders own 12.93% of the company's stock.

Institutional Investors Weigh In On Palantir Technologies

A hedge fund recently bought a new stake in Palantir Technologies stock. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,946 shares of the company's stock, valued at approximately $450,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on PLTR shares. Northland Securities increased their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Jefferies Financial Group boosted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Loop Capital reaffirmed a "buy" rating on shares of Palantir Technologies in a research report on Friday, April 4th. Cantor Fitzgerald increased their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, UBS Group boosted their price target on Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $74.71.

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.