Palantir Technologies (NASDAQ:PLTR) Shares Up 1% - Should You Buy?

Key Points

• Palantir Technologies shares increased by 1% during mid-day trading, closing at $185.47 after a high of $187.62, with trading volume down 48% from the average.
• Analysts have mixed sentiments, with Royal Bank of Canada raising their target price to $45 but maintaining an "underperform" rating, while Citigroup set a $177 target price with a "neutral" outlook.
• The company reported a 48% increase in quarterly revenue to $1 billion, surpassing analysts' expectations and achieving an EPS of $0.16.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s stock price shot up 1% during mid-day trading on Thursday . The stock traded as high as $187.62 and last traded at $185.47. 44,738,271 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 86,537,094 shares. The stock had previously closed at $183.56.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank Of Canada raised their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Wall Street Zen lowered Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Citigroup reaffirmed a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Loop Capital raised their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $140.22.

Palantir Technologies Stock Up 1.0%

The firm has a market capitalization of $440.00 billion, a PE ratio of 618.25, a PEG ratio of 9.95 and a beta of 2.60. The stock has a 50-day moving average price of $170.89 and a 200 day moving average price of $139.18.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts' expectations 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 was up 48.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company's stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,591,085 shares of company stock valued at $244,714,146. Insiders own 9.23% of the company's stock.

Institutional Trading of Palantir Technologies

Institutional investors have recently made changes to their positions in the company. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in Palantir Technologies in the 2nd quarter valued at $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

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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