Palantir Technologies (NASDAQ:PLTR) Shares Up 1% - Time to Buy?

Key Points

• Palantir Technologies' stock price increased by 1% during mid-day trading, reaching a high of $179.22, while trading volume declined significantly from the average.
• Wall Street analysts have varied opinions with five "Buy" ratings, fifteen "Hold" ratings, and two "Sell" ratings, with target prices ranging from $155 to $180.
• The company reported quarterly earnings of $0.16 per share, exceeding expectations, with revenue of $1 billion, marking a 48% increase compared to the same quarter last year.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s stock price shot up 1% during mid-day trading on Monday . The stock traded as high as $179.22 and last traded at $177.21. 41,113,594 shares were traded during mid-day trading, a decline of 52% from the average session volume of 86,162,102 shares. The stock had previously closed at $175.44.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PLTR shares. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Citigroup reissued a "neutral" rating and set a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Loop Capital increased their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group increased their target price on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, UBS Group reissued a "neutral" rating and set a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $140.22.

Palantir Technologies Trading Up 1.0%

The firm has a market cap of $420.40 billion, a PE ratio of 590.72, a P/E/G ratio of 9.51 and a beta of 2.60. The business has a fifty day moving average price of $171.32 and a 200 day moving average price of $140.40.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same quarter last year, the business posted $0.09 EPS. The firm's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction 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 transaction, the insider directly owned 307,470 shares of the company's stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,591,085 shares of company stock worth $244,714,146. Corporate insiders own 9.23% of the company's stock.

Institutional Investors Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in PLTR. Mechanics Financial Corp purchased a new stake in shares of Palantir Technologies in the first quarter valued at $25,000. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies during the second quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies during the first quarter valued at about $27,000. 1248 Management LLC purchased a new stake in Palantir Technologies during the first quarter valued at about $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in Palantir Technologies during the second quarter valued at about $27,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

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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