DA Davidson Has Optimistic Outlook of PLTR FY2025 Earnings

Palantir Technologies Inc. (NASDAQ:PLTR) – Research analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Palantir Technologies in a note issued to investors on Tuesday, May 6th. DA Davidson analyst G. Luria now expects that the company will post earnings per share of $0.31 for the year, up from their prior forecast of $0.28. DA Davidson currently has a “Neutral” rating and a $115.00 target price on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.31 per share. DA Davidson also issued estimates for Palantir Technologies’ FY2026 earnings at $0.30 EPS.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period in the prior year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 39.4% on a year-over-year basis.

Other equities analysts have also issued reports about the company. UBS Group boosted their price target on Palantir Technologies from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a report on Tuesday. Morgan Stanley raised their target price on Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday. The Goldman Sachs Group increased their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price on the stock. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.95.

Palantir Technologies Trading Down 1.5 %

PLTR stock opened at $117.36 on Thursday. Palantir Technologies has a 1-year low of $20.50 and a 1-year high of $125.41. The stock has a 50-day moving average price of $94.23 and a 200-day moving average price of $81.99. The firm has a market cap of $275.25 billion, a PE ratio of 617.72, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $48,988. This represents a 99.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,978,181 shares of company stock valued at $252,115,667 in the last three months. Company insiders own 9.23% of the company’s stock.

Institutional Trading of Palantir Technologies

Several hedge funds and other institutional investors have recently modified their holdings of PLTR. Norges Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter worth $1,360,191,000. Goldman Sachs Group Inc. lifted its holdings in shares of Palantir Technologies by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after buying an additional 4,221,392 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Palantir Technologies by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock valued at $3,929,401,000 after acquiring an additional 4,127,306 shares during the period. Wellington Management Group LLP grew its stake in Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock valued at $354,117,000 after acquiring an additional 3,907,022 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after acquiring an additional 3,509,311 shares during the period. Institutional investors own 45.65% of the company’s stock.

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.