
Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) – Cantor Fitzgerald increased their FY2026 earnings estimates for Palantir Technologies in a report issued on Tuesday, November 4th. Cantor Fitzgerald analyst T. Blakey now forecasts that the company will post earnings of $0.78 per share for the year, up from their previous estimate of $0.56. Cantor Fitzgerald currently has a “Neutral” rating and a $198.00 target price on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.31 per share.
PLTR has been the topic of several other reports. Citigroup lifted their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday. Daiwa Capital Markets lifted their price objective on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group upped their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $173.45.
Palantir Technologies Stock Up 1.6%
PLTR opened at $177.93 on Thursday. The firm has a 50-day simple moving average of $177.73 and a two-hundred day simple moving average of $153.68. Palantir Technologies has a 52 week low of $55.30 and a 52 week high of $207.52. The company has a market capitalization of $422.11 billion, a PE ratio of 423.65, a price-to-earnings-growth ratio of 6.78 and a beta of 2.63.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s quarterly revenue was up 62.8% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.
Institutional Investors Weigh In On Palantir Technologies
Several institutional investors have recently made changes to their positions in PLTR. King Luther Capital Management Corp boosted its stake in shares of Palantir Technologies by 8.1% during the 3rd quarter. King Luther Capital Management Corp now owns 76,964 shares of the company’s stock worth $14,040,000 after purchasing an additional 5,767 shares during the period. Avestar Capital LLC raised its position in Palantir Technologies by 4.9% in the 3rd quarter. Avestar Capital LLC now owns 29,739 shares of the company’s stock worth $5,425,000 after purchasing an additional 1,387 shares during the period. Keyvantage Wealth LLC bought a new stake in Palantir Technologies in the third quarter worth about $386,000. Synovus Financial Corp boosted its position in shares of Palantir Technologies by 5.9% during the third quarter. Synovus Financial Corp now owns 21,871 shares of the company’s stock valued at $3,990,000 after buying an additional 1,218 shares during the period. Finally, NewEdge Wealth LLC boosted its position in shares of Palantir Technologies by 58.4% during the third quarter. NewEdge Wealth LLC now owns 39,692 shares of the company’s stock valued at $7,458,000 after buying an additional 14,640 shares during the period. Institutional investors own 45.65% of the company’s stock.
Insider Transactions at Palantir Technologies
In related news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider directly owned 431,169 shares in the company, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,527,750 shares of company stock worth $234,463,896. 9.23% of the stock is currently owned by corporate insiders.
About Palantir Technologies
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.
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