Palantir Technologies (NASDAQ:PLTR) Stock Rating Lowered by Wall Street Zen

Key Points

• Palantir Technologies has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, amid mixed signals from other analysts regarding the stock's valuation.
• The company's latest quarterly earnings report showed a revenue of $1 billion, exceeding analysts' expectations, with a net margin of 22.18%.
• Insider selling has been significant, with over 1.9 million shares sold in the last 90 days, leading to concerns about insider confidence in the company's stock.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Other equities research analysts have also issued reports about the stock. UBS Group reiterated a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Bank of America boosted their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $136.61.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $156.71 on Friday. The firm's fifty day moving average price is $155.46 and its 200 day moving average price is $123.40. Palantir Technologies has a 1-year low of $29.31 and a 1-year high of $190.00. The firm has a market cap of $371.77 billion, a price-to-earnings ratio of 522.38, a price-to-earnings-growth ratio of 8.91 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's quarterly revenue was up 48.0% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 160,164 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total transaction of $24,945,543.00. Following the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $92,204. This represents a 99.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 1,076 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $155.75, for a total value of $167,587.00. Following the completion of the sale, the insider directly owned 53,764 shares in the company, valued at $8,373,743. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,906,783 shares of company stock worth $282,471,442. 9.23% of the stock is owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Palantir Technologies during the second quarter valued at $3,307,457,000. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies in the 2nd quarter worth about $2,543,888,000. Vanguard Group Inc. increased its stake in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Nuveen LLC purchased a new position in Palantir Technologies in the 1st quarter worth about $520,232,000. Finally, State Street Corp increased its stake in Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company's stock worth $12,879,667,000 after purchasing an additional 6,097,629 shares in the last quarter. 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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