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

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) have been given a consensus rating of “Hold” by the twenty-two research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $142.00.

Several research firms have weighed in on PLTR. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and raised their price target for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th.

Palantir Technologies Price Performance

PLTR opened at $200.47 on Friday. Palantir Technologies has a fifty-two week low of $40.90 and a fifty-two week high of $204.18. The company’s 50 day moving average price is $174.75 and its two-hundred day moving average price is $150.78. The firm has a market capitalization of $475.58 billion, a price-to-earnings ratio of 668.26, a PEG ratio of 10.87 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating 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 return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Palantir Technologies will post 0.31 EPS for the current year.

Insider Activity

In other news, insider Shyam Sankar sold 375,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the sale, the insider owned 702,786 shares of the company’s stock, valued at approximately $106,261,243.20. This represents a 34.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 191,720 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider directly owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,557,750 shares of company stock valued at $239,713,896. Insiders own 9.23% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Hedge funds have recently bought and sold shares of the business. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies during the first quarter valued at $27,000. 1248 Management LLC purchased a new position in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Palantir Technologies in the second quarter worth approximately $27,000. 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.