Palantir Technologies (NASDAQ:PLTR) Stock Price Down 1.5% – Here’s Why

Palantir Technologies Inc. (NASDAQ:PLTR) shares fell 1.5% on Wednesday . The company traded as low as $181.21 and last traded at $187.90. 75,528,730 shares traded hands during trading, a decline of 9% from the average session volume of 83,416,500 shares. The stock had previously closed at $190.74.

Analysts Set New Price Targets

A number of brokerages have weighed in on PLTR. Citigroup boosted their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America upped their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group upped their price objective on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Loop Capital upped their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus target price of $169.44.

Palantir Technologies Stock Performance

The company has a market cap of $445.76 billion, a P/E ratio of 447.39, a P/E/G ratio of 11.23 and a beta of 2.63. The firm’s fifty day moving average is $176.35 and its two-hundred day moving average is $152.68.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 16.27%. Palantir Technologies’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 222,878 shares of the stock in a transaction dated 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 directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This trade represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 in the last three months. Corporate insiders own 12.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PLTR. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC lifted its holdings in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Palantir Technologies by 1.6% in the 1st quarter. World Investment Advisors now owns 22,498 shares of the company’s stock valued at $1,899,000 after acquiring an additional 354 shares during the last quarter. Finally, HM Payson & Co. lifted its holdings in shares of Palantir Technologies by 170.7% in the 1st quarter. HM Payson & Co. now owns 961 shares of the company’s stock valued at $81,000 after acquiring an additional 606 shares during the last quarter. 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.