Palantir Technologies (NASDAQ:PLTR) Trading 2% Higher - Still a Buy?

Key Points

• Palantir Technologies shares are currently trading at approximately $182.42, representing a 2% increase but a 51% decrease in trading volume compared to the average session.
• Wall Street analysts show a range of target prices for Palantir, with Bank of America setting the highest target at $215.00, while the overall consensus rating remains a "Hold" with a price target of $140.22.
• Palantir reported a 48% year-over-year increase in revenue of $1 billion during its last quarterly earnings, beating the consensus estimate significantly.

Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) traded up 2% during mid-day trading on Tuesday . The company traded as high as $182.77 and last traded at $182.42. 43,158,264 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 87,751,633 shares. The stock had previously closed at $178.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Mizuho set a $165.00 target price on Palantir Technologies in a research note on Monday, September 15th. Bank of America upped their target price on Palantir Technologies from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Cantor Fitzgerald upped their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Loop Capital boosted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $140.22.

Palantir Technologies Price Performance

The firm has a market capitalization of $432.76 billion, a P/E ratio of 608.09, a PEG ratio of 9.91 and a beta of 2.59. The firm's fifty day moving average price is $166.70 and its 200-day moving average price is $134.65.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm's quarterly 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. Analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total value of $4,786,500.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the sale, 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 $244,676,722. 12.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

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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