Palantir Technologies - PLTR Stock Forecast, Price & News

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers palantir foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides apollo, a software that enables customers to deploy their own software virtually in any environment. Palantir Technologies Inc. was incorporated in 2003 and is based in Denver, Colorado.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PLTR. Citigroup decreased their price objective on shares of Palantir Technologies from $7.00 to $6.00 and set a "sell" rating on the stock in a research note on Tuesday, August 9th. Raymond James began coverage on shares of Palantir Technologies in a research report on Thursday, July 21st. They set a "strong-buy" rating and a $20.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Palantir Technologies in a research report on Thursday, June 23rd. They set a "neutral" rating and a $10.00 target price on the stock. Royal Bank of Canada lowered shares of Palantir Technologies from a "sector perform" rating to an "underperform" rating and reduced their target price for the stock from $12.00 to $6.00 in a research report on Monday, May 9th. Finally, Morgan Stanley reduced their target price on shares of Palantir Technologies from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $14.00.

Palantir Technologies Price Performance

Shares of NYSE:PLTR opened at $9.91 on Friday. The company's 50 day simple moving average is $9.47 and its 200 day simple moving average is $10.73. Palantir Technologies has a fifty-two week low of $6.44 and a fifty-two week high of $29.29. The firm has a market capitalization of $20.46 billion, a P/E ratio of -36.70 and a beta of 3.79.

Palantir Technologies (NYSE:PLTR - Get Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The business had revenue of $473.00 million during the quarter, compared to analyst estimates of $471.72 million. Palantir Technologies had a negative net margin of 30.90% and a positive return on equity of 0.06%. The company's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 earnings per share. Sell-side analysts expect that Palantir Technologies will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 105,553 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $11.02, for a total value of $1,163,194.06. Following the sale, the insider now directly owns 1,911,484 shares in the company, valued at $21,064,553.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Alexander D. Moore sold 11,377 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $8.89, for a total transaction of $101,141.53. Following the completion of the sale, the director now owns 1,960,928 shares of the company's stock, valued at $17,432,649.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 105,553 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $11.02, for a total transaction of $1,163,194.06. Following the sale, the insider now directly owns 1,911,484 shares of the company's stock, valued at approximately $21,064,553.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 427,935 shares of company stock worth $4,209,427. Company insiders own 13.22% of the company's stock.