Piper Sandler Issues Positive Forecast for Palantir Technologies (NASDAQ:PLTR) Stock Price

Key Points

• Piper Sandler has raised its target price for Palantir Technologies from $182.00 to $201.00, indicating an 11.90% potential upside from its previous close and maintaining an "overweight" rating.
• Palantir reported a 48.0% year-over-year increase in revenue, with a quarterly earnings per share (EPS) of $0.16, surpassing expectations of $0.14.
• Insider trading activity has seen significant stock sales, including insider Ryan D. Taylor selling 36,048 shares, which contributed to a 10.49% decrease in his ownership.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) had its target price lifted by analysts at Piper Sandler from $182.00 to $201.00 in a note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price objective would indicate a potential upside of 11.90% from the company's previous close.

PLTR has been the topic of a number of other research reports. Cantor Fitzgerald raised their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday, September 15th. Finally, UBS Group reaffirmed a "neutral" rating and set a $165.00 price objective (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Trading Down 0.1%

Shares of Palantir Technologies stock opened at $179.62 on Tuesday. The firm has a market cap of $426.12 billion, a P/E ratio of 598.75, a P/E/G ratio of 9.72 and a beta of 2.60. Palantir Technologies has a 12 month low of $40.36 and a 12 month high of $190.00. The stock's fifty day moving average price is $171.78 and its 200-day moving average price is $141.58.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm 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 business'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 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that Palantir Technologies will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares in the company, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider owned 702,786 shares of the company's stock, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 9.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Lionshead Wealth Management LLC increased its position in shares of Palantir Technologies by 0.4% in the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company's stock valued at $2,395,000 after buying an additional 56 shares in the last quarter. Ellenbecker Investment Group increased its position in shares of Palantir Technologies by 3.6% in 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 in the last quarter. Market Street Wealth Management Advisors LLC increased its position in shares of Palantir Technologies by 4.0% in the third quarter. Market Street Wealth Management Advisors LLC now owns 1,539 shares of the company's stock valued at $281,000 after buying an additional 59 shares in the last quarter. Global Wealth Strategies & Associates increased its position in shares of Palantir Technologies by 36.1% in the third quarter. Global Wealth Strategies & Associates now owns 230 shares of the company's stock valued at $42,000 after buying an additional 61 shares in the last quarter. Finally, Accuvest Global Advisors increased its position in shares of 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 in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

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.