Palantir Technologies (PLTR) to Release Earnings on Monday

Palantir Technologies (NASDAQ:PLTR - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $863.89 million for the quarter.

Palantir Technologies Trading Up 0.3 %

Shares of PLTR traded up $0.36 on Thursday, reaching $118.80. The company's stock had a trading volume of 56,195,911 shares, compared to its average volume of 74,800,210. The firm has a fifty day moving average of $89.93 and a 200-day moving average of $78.39. Palantir Technologies has a twelve month low of $20.50 and a twelve month high of $125.41. The stock has a market capitalization of $278.62 billion, a PE ratio of 622.04, a PEG ratio of 10.84 and a beta of 2.74.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. The trade was a 99.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,989,975 shares of company stock worth $253,328,090. 12.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Palantir Technologies

An institutional investor recently bought a new position in Palantir Technologies stock. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,946 shares of the company's stock, valued at approximately $450,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on PLTR. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Palantir Technologies in a research report on Monday, March 3rd. Robert W. Baird upped their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $40.00 price target on shares of Palantir Technologies in a research note on Tuesday. Daiwa Capital Markets began coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price for the company. Finally, Morgan Stanley dropped their price target on Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $74.71.

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.