Palantir Technologies Inc. (PLTR) – What Are Investment Firms Thinking About This Stock?

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) have been given an average rating of “Moderate Buy” by the thirty-eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, twenty-seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $216.76.

A number of equities analysts have issued reports on PLTR shares. Royal Bank Of Canada increased their price target on Palantir Technologies from $90.00 to $130.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research note on Thursday, October 29th. Weiss Ratings upgraded Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th.

Key Palantir Technologies News

Here’s some of the latest news about PLTR:

• Positive Sentiment: Palantir is expanding sovereign AI deployments across sectors including defense, construction and healthcare. These deployments could deepen customer relationships and create recurring revenue, though the announcements did not disclose contract values. Palantir Stock: The 1 Number That Could Fuel Its Next Rally
• Negative Sentiment: Contract indicators raised concern despite the strong quarter: total contract value growth reportedly slowed to 6% year over year from 49% the prior quarter, while U.S. commercial contract value fell sequentially. Investors may worry that bookings are not keeping pace with reported revenue growth. Palantir Stock Slips Despite Strong AI Revenue
• Negative Sentiment: Valuation remains a key headwind. Commentary argues Palantir’s share price already reflects substantial growth expectations, making even impressive results insufficient to support further gains if growth moderates. Palantir Grew Revenue 96%. The Stock Fell 5%.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 18,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total transaction of $3,620,700.00. Following the completion of the sale, the insider owned 274,667 shares of the company’s stock, valued at $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This represents a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 523,716 shares of company stock valued at $92,212,379 in the last three months. Company insiders own 9.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ilmarinen Mutual Pension Insurance Co raised its position in shares of Palantir Technologies by 2.0% in the third quarter. Ilmarinen Mutual Pension Insurance Co now owns 285,485 shares of the company’s stock valued at $53,400,000 after buying an additional 5,704 shares during the last quarter. Cornerstone Select Advisors LLC grew its stake in Palantir Technologies by 0.7% during the 3rd quarter. Cornerstone Select Advisors LLC now owns 29,486 shares of the company’s stock valued at $5,515,000 after acquiring an additional 214 shares in the last quarter. Fort Sheridan Advisors LLC grew its stake in Palantir Technologies by 6.7% during the 3rd quarter. Fort Sheridan Advisors LLC now owns 3,189 shares of the company’s stock valued at $597,000 after acquiring an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Palantir Technologies by 55.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 25,339 shares of the company’s stock valued at $4,740,000 after acquiring an additional 9,009 shares in the last quarter. Finally, Rathbones Group PLC raised its holdings in Palantir Technologies by 129.4% in the 3rd quarter. Rathbones Group PLC now owns 66,008 shares of the company’s stock valued at $12,347,000 after acquiring an additional 37,235 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $172.40 on Thursday. The firm has a market cap of $414.29 billion, a PE ratio of 120.56, a P/E/G ratio of 3.41 and a beta of 1.65. The firm’s fifty day moving average is $185.04 and its 200 day moving average is $153.79. Palantir Technologies has a one year low of $106.37 and a one year high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The company’s revenue was up 95.9% compared to the same quarter last year. Research analysts predict that Palantir Technologies will post 1.36 earnings per share for the current fiscal year.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security. The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.