Analysts Set Palantir Technologies Inc. (NASDAQ:PLTR) Price Target at $141.28

Palantir Technologies Inc. (NASDAQ:PLTR) has been assigned an average rating of “Hold” from the twenty-two ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $142.00.

A number of brokerages recently issued reports on PLTR. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday. UBS Group restated a “neutral” rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th.

Palantir Technologies Trading Up 0.2%

Shares of NASDAQ:PLTR opened at $189.60 on Friday. The stock has a market capitalization of $449.80 billion, a PE ratio of 632.02, a P/E/G ratio of 10.25 and a beta of 2.60. Palantir Technologies has a 1 year low of $40.90 and a 1 year high of $192.83. The firm has a fifty day moving average price of $172.29 and a 200 day moving average price of $148.59.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s 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 sale, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Financial Consulate Inc. acquired a new position in shares of Palantir Technologies during the third quarter valued at about $30,000. Retirement Wealth Solutions LLC acquired a new position in shares of Palantir Technologies during the third quarter valued at about $31,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at about $25,000. Marquette Asset Management LLC acquired a new position in shares of Palantir Technologies during the third quarter valued at about $34,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the second quarter valued at about $27,000. 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.