Equities Analysts Issue Forecasts for PLTR FY2025 Earnings

Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) - Analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Palantir Technologies in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey anticipates that the company will post earnings of $0.32 per share for the year. Cantor Fitzgerald currently has a "Hold" rating and a $72.00 target price on the stock. The consensus estimate for Palantir Technologies' current full-year earnings is $0.20 per share.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm's revenue for the quarter was up 30.0% compared to the same quarter last year.

PLTR has been the topic of several other reports. UBS Group began coverage on shares of Palantir Technologies in a report on Thursday, December 19th. They set a "neutral" rating and a $80.00 price target on the stock. Morgan Stanley reiterated an "underweight" rating and set a $60.00 price target on shares of Palantir Technologies in a report on Monday, January 6th. DA Davidson raised their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, Mizuho lifted their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an "underperform" rating in a research report on Friday, December 13th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and an average target price of $43.78.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded up $3.44 during midday trading on Wednesday, hitting $76.51. 50,639,081 shares of the company's stock were exchanged, compared to its average volume of 69,745,758. The company has a market cap of $174.28 billion, a PE ratio of 382.70, a price-to-earnings-growth ratio of 6.66 and a beta of 2.82. Palantir Technologies has a 12 month low of $16.03 and a 12 month high of $84.80. The stock has a 50 day moving average price of $70.98 and a 200-day moving average price of $48.12.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at $42,002.40. This represents a 99.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now owns 62,139 shares of the company's stock, valued at $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,642,189 shares of company stock valued at $1,444,232,453. Corporate insiders own 12.93% of the company's stock.

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently modified their holdings of PLTR. Heartland Bank & Trust Co bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $1,346,000. Aurora Private Wealth Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $366,000. Pacer Advisors Inc. boosted its stake in shares of Palantir Technologies by 139.8% during the 4th quarter. Pacer Advisors Inc. now owns 596,429 shares of the company's stock valued at $45,108,000 after purchasing an additional 347,658 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $303,000. Finally, KBC Group NV lifted its position in Palantir Technologies by 103.4% during the 4th quarter. KBC Group NV now owns 1,051,630 shares of the company's stock valued at $79,535,000 after acquiring an additional 534,512 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

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.