Palantir Technologies (NASDAQ:PLTR) Stock Price Up 1.5% - Still a Buy?

Key Points

• Palantir Technologies' stock rose 1.5% to $182.17, with trading volume declining 34% from its average.
• Analyst ratings are mixed, with five analysts rating the stock as a Buy, while others have assigned Hold or Sell ratings, leading to a consensus price target of $140.22.
• Palantir reported $1 billion in revenue for the previous quarter, an increase of 48% year-over-year, exceeding analyst estimates of $939.29 million.

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) rose 1.5% during mid-day trading on Tuesday . The stock traded as high as $186.18 and last traded at $182.17. Approximately 57,629,825 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 87,031,086 shares. The stock had previously closed at $179.53.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price objective for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. 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. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 price objective on shares of Palantir Technologies in a research note on Monday, September 15th. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Stock Performance

The firm's 50-day simple moving average is $169.33 and its 200 day simple moving average is $137.95. The stock has a market capitalization of $432.17 billion, a P/E ratio of 607.25, a PEG ratio of 9.66 and a beta of 2.60.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00. Following the completion of the transaction, the director directly owned 50,794 shares in the company, valued at approximately $9,021,014.40. This represents a 15.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 81,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares of the company's stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock worth $244,676,722 in the last 90 days. Corporate insiders own 9.23% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $450,000. Bison Wealth LLC boosted its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares during the period. Congress Asset Management Co. bought a new position in Palantir Technologies during the first quarter worth about $4,989,000. Miracle Mile Advisors LLC boosted its position in Palantir Technologies by 9.7% during the first quarter. Miracle Mile Advisors LLC now owns 17,305 shares of the company's stock worth $1,461,000 after purchasing an additional 1,531 shares during the period. Finally, SOA Wealth Advisors LLC. boosted its position in shares of Palantir Technologies by 113.7% in the first quarter. SOA Wealth Advisors LLC. now owns 1,496 shares of the company's stock valued at $126,000 after acquiring an additional 796 shares during the period. 45.65% of the stock is owned by 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.

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