Palantir Technologies (NASDAQ:PLTR) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Palantir Technologies reported quarterly earnings of $0.13 per share, missing analysts' expectations by $0.01.
• Despite the earnings miss, Palantir's stock rose by 4.1%, reaching $160.66 on the trading day.
• Research analysts maintain a consensus rating of "Hold" for Palantir, with a consensus price target of $96.45.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01), Zacks reports. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Palantir Technologies Stock Up 4.1%

Shares of PLTR stock traded up $6.39 during trading hours on Monday, reaching $160.66. The company's stock had a trading volume of 80,570,783 shares, compared to its average volume of 92,462,758. The firm's 50 day simple moving average is $140.37 and its 200-day simple moving average is $112.57. The company has a market capitalization of $379.14 billion, a price-to-earnings ratio of 698.52, a PEG ratio of 13.15 and a beta of 2.60. Palantir Technologies has a fifty-two week low of $21.23 and a fifty-two week high of $161.40.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. Piper Sandler reiterated an "overweight" rating and set a $170.00 target price on shares of Palantir Technologies in a report on Monday. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Loop Capital raised their target price on Palantir Technologies from $155.00 to $178.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. DA Davidson boosted their price objective on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Morgan Stanley boosted their target price on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $96.45.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 33,335 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the completion of the transaction, the insider directly owned 363,755 shares of the company's stock, valued at $54,563,250. This trade represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric H. Woersching sold 10,214 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total value of $1,337,523.30. Following the sale, the director owned 2,348 shares of the company's stock, valued at approximately $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,485,632 shares of company stock worth $191,222,623. 9.23% of the stock is owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $450,000. Bison Wealth LLC raised its stake in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Finally, Capstone Wealth Management Group LLC raised its stake in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after buying an additional 4,722 shares in the last quarter. Institutional investors and hedge funds 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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