Palantir Technologies (NASDAQ:PLTR) Trading 1.4% Higher - Still a Buy?

Key Points

• Palantir Technologies' stock rose 1.4%, trading at $179.74, with nearly 48.9 million shares exchanged—a decrease of 43% from its average daily volume.
• Analysts are mixed on Palantir's outlook, with five analysts rating it as a Buy, fifteen as Hold, and two as Sell, while price targets range from $160 to $215.
• The company reported a 48% year-over-year revenue growth for the quarter, posting $1 billion in revenue and earnings per share of $0.16, beating expectations.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s stock price was up 1.4% during trading on Tuesday . The company traded as high as $182.34 and last traded at $179.74. Approximately 48,888,250 shares were traded during trading, a decline of 43% from the average daily volume of 85,972,805 shares. The stock had previously closed at $177.21.

Analysts Set New Price Targets

Several analysts have commented on the company. DA Davidson set a $170.00 price objective on Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their price target for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Piper Sandler lifted their target price on shares of Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a research report on Tuesday. UBS Group reiterated a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Bank of America lifted their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Five research 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. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $141.28.

Palantir Technologies Stock Performance

The stock has a market cap of $426.40 billion, a price-to-earnings ratio of 599.15, a PEG ratio of 9.51 and a beta of 2.60. The firm's 50-day moving average price is $171.65 and its two-hundred day moving average price is $141.04.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last three months. Company insiders own 12.93% of the company's stock.

Institutional Trading of Palantir Technologies

Several hedge funds have recently modified their holdings of the stock. Truist Financial Corp raised its holdings in Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company's stock valued at $73,204,000 after acquiring an additional 21,809 shares in the last quarter. New Century Financial Group LLC acquired a new stake in Palantir Technologies in the second quarter valued at approximately $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Palantir Technologies by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company's stock valued at $984,786,000 after purchasing an additional 1,135,841 shares in the last quarter. Synergy Asset Management LLC raised its holdings in shares of Palantir Technologies by 37.1% in the 2nd quarter. Synergy Asset Management LLC now owns 9,623 shares of the company's stock valued at $1,312,000 after purchasing an additional 2,606 shares in the last quarter. Finally, Golden State Equity Partners raised its holdings in shares of Palantir Technologies by 10.1% in the 2nd quarter. Golden State Equity Partners now owns 18,361 shares of the company's stock valued at $2,503,000 after purchasing an additional 1,677 shares in the last quarter. 45.65% of the stock is currently 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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