Palantir Technologies (NASDAQ:PLTR) Trading Up 1.9% - What's Next?

Key Points

• Palantir Technologies shares increased by 1.9% on Monday, reaching a trading price of $181.59 with around 31.8 million shares exchanged, significantly lower than the average daily volume.
• Analysts have raised their price targets for Palantir, with Piper Sandler setting a target at $201.00 and Bank of America at $215.00, while the overall consensus price target now stands at $141.28.
• In recent trading, insiders sold over 1.5 million shares of Palantir Technologies valued at approximately $240 million, indicating a significant level of insider activity within the company.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s share price was up 1.9% on Monday . The company traded as high as $183.09 and last traded at $181.59. Approximately 31,800,268 shares were traded during trading, a decline of 63% from the average daily volume of 85,031,516 shares. The stock had previously closed at $178.15.

Analysts Set New Price Targets

Several analysts have recently commented on PLTR shares. Piper Sandler raised their target price on Palantir Technologies from $182.00 to $201.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Citigroup restated a "neutral" rating and issued a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Bank of America raised 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 raised 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, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and raised their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Five 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $141.28.

Palantir Technologies Trading Up 1.9%

The company's 50-day simple moving average is $171.52 and its 200 day simple moving average is $143.67. The stock has a market cap of $430.79 billion, a P/E ratio of 605.32, a PEG ratio of 9.66 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping 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 firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same quarter last year, the firm earned $0.09 EPS. The company'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. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on 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 sale, the insider 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies 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 completion of the sale, the insider directly owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% 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 worth $239,713,896 in the last three months. Insiders own 12.93% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Truist Financial Corp grew its stake in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company's stock valued at $73,204,000 after buying an additional 21,809 shares in the last quarter. Presilium Private Wealth LLC purchased a new position in Palantir Technologies in the 2nd quarter valued at approximately $204,000. New Century Financial Group LLC purchased a new position in Palantir Technologies in the 2nd quarter valued at approximately $228,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Palantir Technologies by 10.8% during 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. Finally, Synergy Asset Management LLC grew its position in shares of Palantir Technologies by 37.1% during 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. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

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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