Palantir Technologies Inc. (NASDAQ:PLTR) Receives Consensus Recommendation of “Hold” from Brokerages

Palantir Technologies Inc. (NASDAQ:PLTR) has received an average recommendation of “Hold” from the twenty-two research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $140.2222.

Several analysts have recently issued reports on PLTR shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research report on Saturday, September 27th. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Morgan Stanley set a $155.00 price objective on shares of Palantir Technologies and gave the company an “equal weight” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 5th.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total transaction of $56,700,000.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. The trade was a 34.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,591,085 shares of company stock valued at $244,676,722. 12.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. HCR Wealth Advisors boosted its stake in shares of Palantir Technologies by 31.8% during the third quarter. HCR Wealth Advisors now owns 4,124 shares of the company’s stock valued at $771,000 after purchasing an additional 996 shares during the period. Iowa State Bank boosted its stake in shares of Palantir Technologies by 1.7% during the third quarter. Iowa State Bank now owns 30,238 shares of the company’s stock valued at $5,516,000 after purchasing an additional 517 shares during the period. Aaron Wealth Advisors LLC lifted its stake in Palantir Technologies by 119.1% in the third quarter. Aaron Wealth Advisors LLC now owns 27,327 shares of the company’s stock worth $4,985,000 after acquiring an additional 14,852 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Palantir Technologies in the third quarter worth about $513,000. Finally, GAMMA Investing LLC lifted its stake in Palantir Technologies by 15.2% in the third quarter. GAMMA Investing LLC now owns 35,042 shares of the company’s stock worth $6,392,000 after acquiring an additional 4,632 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $173.07 on Wednesday. The company has a fifty day moving average price of $168.90 and a 200-day moving average price of $137.33. The company has a market capitalization of $410.58 billion, a P/E ratio of 576.92, a PEG ratio of 9.66 and a beta of 2.60. Palantir Technologies has a 52-week low of $38.78 and a 52-week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

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.