Palantir Technologies (PLTR) Stock Price, News & Analysis

Company Overview

Palantir Technologies Inc. is an SaaS company focused on AI and big data analytics. It was founded in 2003 in Denver, Co by well-known investors Peter Thiel and Stephen Cohen among others. The company’s goal is to augment human intelligence with data-gathering and analytic tools that can change the world for the better. As of 2022, Stephen Cohen, co-founder Alexander Karp, and Peter Thiel were president, CEO, and Chairman respectively.

Originally intended as a tool for the Federal Government, the company has since expanded to serve state and local governments as well as private corporations. The company’s name is based on J.R.R. Tolkien's Lord of the Rings trilogy. The palanteri are indestructible crystal globes used for seeing across great distances.

Today the company builds and deploys solutions for its clients based on three primary offerings. These are Palantir Gotham, Palantir Apollo, Palantir Foundry, and Palantir Metropolis. The goal is to generate alpha, or a competitive advantage, for its clients so they can succeed in a rapidly changing environment.

The company’s core offering is Palantir Gotham. Palantir Gotham was originally intended for the US intelligence community as a counter-terrorism tool but it has since been deployed by state and local governments as well as private enterprises as a global decision-making tool. Users are able to aggregate data from hundreds of inputs and funnel them into a single view for rapid decision-making and execution. The tool, which looks for and analyzes hidden patterns in deep data sets, has been used for “predictive policing” and has drawn some criticism because of it.

Palantir Apollo is an operating system designed to give continuous delivery and deployment of safe, secure Internet access across all operating environments. The system is 1 of 5 recognized by the Department of Defense as a Mission Critical National Security System and used by businesses and organizations for autonomous software deployment. Among its advantages, the system can speed up the development of new software by as much as 50% simply by securing access to sensitive information and networks.

 

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $71.50 to $80.66
• 50-Day Range: $41.41 to $80.55
• 52-Week Range: $15.66 to $80.91
• Volume: 278.69 million shs
• Average Volume: 61.56 million shs
• Market Capitalization: $183.49 billion
• P/E Ratio: 402.77
• Dividend Yield: N/A
• Price Target: $41.00
• Consensus Rating: Reduce

Palantir Technologies Stock Analysis - MarketRank™

Palantir Technologies scored higher than 57% of companies evaluated by MarketBeat, and ranked 161st out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Palantir Technologies has received a consensus rating of Reduce. The company's average rating score is 1.79, and is based on 2 buy ratings, 11 hold ratings, and 6 sell ratings.

Amount of Analyst Coverage

Palantir Technologies has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 42.86%

Earnings Growth

Earnings for Palantir Technologies are expected to grow by 42.86% in the coming year, from $0.21 to $0.30 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Palantir Technologies is 402.77, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 113.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Palantir Technologies is 402.77, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.41.

Price to Earnings Growth Ratio

Palantir Technologies has a PEG Ratio of 10.18. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Palantir Technologies has a P/B Ratio of 49.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.34% of the outstanding shares of Palantir Technologies have been sold short.

Short Interest Ratio / Days to Cover

Palantir Technologies has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Palantir Technologies has recently decreased by 10.84%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Palantir Technologies does not currently pay a dividend.

Dividend Growth

Palantir Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.34% of the outstanding shares of Palantir Technologies have been sold short.

Short Interest Ratio / Days to Cover

Palantir Technologies has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Palantir Technologies has recently decreased by 10.84%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.62

News Sentiment

Palantir Technologies has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 80 news articles for Palantir Technologies this week, compared to 49 articles on an average week.

Search Interest

698 people have searched for PLTR on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.

MarketBeat Follows

Only 292 people have added Palantir Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -1% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Palantir Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,867,342,292.00 in company stock.

Percentage Held by Insiders

12.93% of the stock of Palantir Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

45.65% of the stock of Palantir Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PLTR Stock Analysis - Frequently Asked Questions

How have PLTR shares performed this year?

Palantir Technologies' stock was trading at $17.17 at the beginning of 2024. Since then, PLTR shares have increased by 369.1% and is now trading at $80.55.
View the best growth stocks for 2024 here.

How were Palantir Technologies' earnings last quarter?

Palantir Technologies Inc. (NASDAQ:PLTR) released its earnings results on Monday, November, 4th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The firm's revenue for the quarter was up 30.0% compared to the same quarter last year.

Does Palantir Technologies have any subsidiaries?

The following companies are subsidiaries of Palantir Technologies: Silk, Kimono Labs, FT Technologies, Propeller, Poptip, Voicegem, Palantir Engineering Israel Ltd., and others.

When did Palantir Technologies IPO?

Palantir Technologies (PLTR) raised $0 in an initial public offering on Wednesday, September 30th 2020. The company issued 257,100,000 shares at $0.00 per share. None acted as the underwriter for the IPO.

Who are Palantir Technologies' major shareholders?

Top institutional investors of Palantir Technologies include State Street Corp (3.68%), Geode Capital Management LLC (2.14%), Sumitomo Mitsui Trust Group Inc. (0.67%) and FMR LLC (0.56%). Insiders that own company stock include Peter Thiel, Alexander C Karp, Alexander C Karp, Alexander D Moore, Alexander D Moore, Shyam Sankar, Shyam Sankar, Heather A Planishek, Jeffrey Buckley, Ryan D Taylor, Ryan D Taylor, David A Glazer, David A Glazer, Alexandra W Schiff, Lauren Elaina Friedman Stat, Eric H Woersching, Stephen Andrew Cohen and Stephen Andrew Cohen.
View institutional ownership trends.

How do I buy shares of Palantir Technologies?

Shares of PLTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 11/04/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:PLTR
• Previous Symbol: NYSE:PLTR
• CUSIP: N/A
• CIK: 1321655
• Web: www.palantir.com
• Phone: 720-358-3679
• Fax: N/A
• Employees: 3,735
• Year Founded: 2004

Price Target and Rating

• Average Stock Price Target: $41.00
• High Stock Price Target: $80.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: -49.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.79
• Research Coverage: 19 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.20
• Trailing P/E Ratio: 402.77
• Forward P/E Ratio: 383.57
• P/E Growth: 10.18
• Net Income: $209.82 million
• Net Margins: 18.01%
• Pretax Margin: 19.46%
• Return on Equity: 9.94%
• Return on Assets: 7.91%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.67
• Quick Ratio: 5.67

Sales & Book Value

• Annual Sales: $2.65 billion
• Price / Sales: 69.34
• Cash Flow: $0.10 per share
• Price / Cash Flow: 796.59
• Book Value: $1.62 per share
• Price / Book: 49.72

Miscellaneous

• Outstanding Shares: 2,278,021,000
• Free Float: 1,983,473,000
• Market Cap: $183.49 billion
• Optionable: Optionable
• Beta: 2.87