Palantir Technologies (NASDAQ:PLTR) Shares Up 3.3% After Better-Than-Expected Earnings

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) shot up 3.3% during mid-day trading on Monday after the company announced better than expected quarterly earnings. The stock traded as high as $207.52 and last traded at $207.18. 69,984,958 shares traded hands during trading, a decline of 16% from the average session volume of 83,203,445 shares. The stock had previously closed at $200.47.

The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PLTR. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Citigroup increased their price target on Palantir Technologies from $177.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Cantor Fitzgerald increased their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $142.00.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 191,720 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,557,750 shares of company stock worth $239,713,896 over the last ninety days. 9.23% of the stock is owned by corporate insiders.

Institutional Trading of Palantir Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Financial Consulate Inc. acquired a new stake in Palantir Technologies during the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $31,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $32,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $25,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $34,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

The firm has a fifty day moving average price of $174.75 and a 200 day moving average price of $151.19. The firm has a market capitalization of $491.50 billion, a price-to-earnings ratio of 690.62, a PEG ratio of 10.87 and a beta of 2.60.

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.