What is DA Davidson’s Estimate for PLTR FY2025 Earnings?

Palantir Technologies Inc. (NASDAQ:PLTR) – Equities research analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of Palantir Technologies in a report released on Tuesday, April 15th. DA Davidson analyst G. Luria now forecasts that the company will earn $0.28 per share for the year, down from their previous estimate of $0.30. DA Davidson has a “Neutral” rating and a $100.00 price objective on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.31 per share.

A number of other research analysts have also recently weighed in on PLTR. Loop Capital reaffirmed a “buy” rating on shares of Palantir Technologies in a report on Friday, April 4th. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Citigroup raised their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.71.

Palantir Technologies Price Performance

PLTR opened at $92.71 on Thursday. The firm has a fifty day moving average price of $92.01 and a 200 day moving average price of $73.96. Palantir Technologies has a 1 year low of $20.33 and a 1 year high of $125.41. The stock has a market cap of $217.44 billion, a P/E ratio of 487.97, a P/E/G ratio of 10.84 and a beta of 2.74.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction 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 trade represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLTR. Continuum Advisory LLC grew its holdings in shares of Palantir Technologies by 3.8% during the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company’s stock worth $202,000 after purchasing an additional 98 shares during the period. Heritage Wealth Management Inc. CA lifted its position in Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after buying an additional 111 shares during the last quarter. True Wealth Design LLC boosted its stake in Palantir Technologies by 29.3% during the fourth quarter. True Wealth Design LLC now owns 503 shares of the company’s stock worth $38,000 after buying an additional 114 shares during the period. Gemmer Asset Management LLC increased its position in shares of Palantir Technologies by 1.6% during the first quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company’s stock valued at $639,000 after acquiring an additional 119 shares during the last quarter. Finally, Westover Capital Advisors LLC raised its stake in shares of Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds 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.