Palantir Technologies Inc. (NASDAQ:PLTR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) have been given a consensus rating of “Moderate Buy” by the thirty-one analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and two have given a strong 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 $192.76.

PLTR has been the subject of several recent analyst reports. Oppenheimer initiated coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They set an “outperform” rating and a $200.00 price objective for the company. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $205.00 to $151.00 in a research note on Friday, May 1st. DZ Bank initiated coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective for the company. Citigroup boosted their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research note on Friday, June 5th.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ryan D. Taylor sold 19,662 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the sale, the insider owned 199,759 shares of the company’s stock, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 925,789 shares of company stock valued at $126,007,032 in the last quarter. 9.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds have recently bought and sold shares of PLTR. Norges Bank bought a new stake in Palantir Technologies during the fourth quarter valued at approximately $5,149,641,000. Jennison Associates LLC bought a new stake in Palantir Technologies during the first quarter valued at approximately $1,574,111,000. Vanguard Group Inc. lifted its position in Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after purchasing an additional 8,168,604 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Palantir Technologies by 277.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after purchasing an additional 7,678,747 shares during the last quarter. Finally, State Street Corp lifted its position in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 2.4%

Shares of NASDAQ:PLTR opened at $127.99 on Monday. The company has a 50 day moving average of $139.54 and a 200 day moving average of $153.76. The stock has a market cap of $306.83 billion, a P/E ratio of 143.81, a P/E/G ratio of 2.08 and a beta of 1.53. Palantir Technologies has a 12 month low of $122.68 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. Palantir Technologies’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, equities analysts forecast that Palantir Technologies will post 1.18 earnings per share for the current fiscal year.

Palantir Technologies News Roundup

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir expanded its commercial AI footprint with new multiyear enterprise deals, showing continued customer demand and growth beyond government contracts. Palantir Expands Commercial AI Footprint With New Multiyear Enterprise Deals
• Positive Sentiment: Zacks said Palantir’s operating leverage is driving margins and operating income higher, suggesting the company is becoming more profitable as revenue scales. PLTR’s Operating Leverage Pushes Profitability to New Levels
• Neutral Sentiment: More than 56% of non-insider shareholders backed a proposal for a human rights report, but the measure is not expected to move forward, so the market impact should be limited. Most Palantir Shareholders Vote for Human Rights Probe. Why It Won’t Happen.
• Negative Sentiment: Traders are watching whether PLTR can hold support around $126.50 after a failed breakout, signaling near-term technical risk and potential for more downside if that level breaks. Palantir Tests Key Support After Breakout Fails
• Negative Sentiment: Ongoing commentary around CEO Alex Karp’s warnings on AI industry dynamics and wealth inequality may add to investor caution, especially amid broader concerns about valuation and sentiment in high-growth tech. Palantir CEO Warns AI Could Supercharge Wealth Inequality

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.