FY2025 Earnings Forecast for PLTR Issued By DA Davidson

Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) - Equities research analysts at DA Davidson dropped their FY2025 earnings per share estimates for Palantir Technologies in a research report issued on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the company will post earnings of $0.28 per share for the year, down from their prior forecast of $0.30. DA Davidson currently has a "Neutral" rating and a $100.00 price target on the stock. The consensus estimate for Palantir Technologies' current full-year earnings is $0.31 per share.

Several other analysts have also weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Mizuho increased their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, UBS Group boosted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $74.71.

Palantir Technologies Trading Up 1.2 %

PLTR stock traded up $1.07 during mid-day trading on Thursday, reaching $93.78. The company's stock had a trading volume of 83,698,348 shares, compared to its average volume of 72,726,928. The company has a market cap of $219.95 billion, a price-to-earnings ratio of 493.60, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies has a 12 month low of $20.33 and a 12 month high of $125.41. The business's 50 day moving average price is $91.18 and its 200 day moving average price is $74.75.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares of the company's stock, valued at $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last three months. Company insiders own 12.93% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Palantir Technologies during the fourth quarter valued at $1,360,191,000. Geode Capital Management LLC lifted its position in Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after acquiring an additional 4,127,306 shares during the period. Wellington Management Group LLP boosted its stake in Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after acquiring an additional 3,907,022 shares in the last quarter. Invesco Ltd. grew its holdings in Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after purchasing an additional 3,509,311 shares during the period. Finally, Capital World Investors bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $253,816,000. Institutional investors own 45.65% of the company's stock.

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.