Palantir Technologies (NASDAQ:PLTR - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Monday, February 3rd. Analysts expect Palantir Technologies to post earnings of $0.11 per share and revenue of $769,390.00 billion for the quarter. Palantir Technologies has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $0.03 EPS. Palantir Technologies's quarterly revenue was up 30.0% on a year-over-year basis. On average, analysts expect Palantir Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Palantir Technologies Stock Performance
Shares of PLTR stock traded down $3.55 during mid-day trading on Monday, reaching $75.43. 75,822,164 shares of the company were exchanged, compared to its average volume of 70,859,719. The company has a market capitalization of $171.82 billion, a P/E ratio of 377.15, a P/E/G ratio of 7.08 and a beta of 2.82. The business's 50 day simple moving average is $71.96 and its 200 day simple moving average is $49.18. Palantir Technologies has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.
Insider Buying and Selling at Palantir Technologies
In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total value of $406,646.46. Following the completion of the sale, the director now owns 130,250 shares of the company's stock, valued at approximately $6,576,322.50. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522 in the last quarter. Corporate insiders own 12.93% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PLTR. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Bank of America increased their target price on Palantir Technologies from $55.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, November 25th. UBS Group began coverage on Palantir Technologies in a report on Thursday, December 19th. They issued a "neutral" rating and a $80.00 price target for the company. DA Davidson upped their price target on Palantir Technologies from $28.00 to $47.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $60.00 price objective on shares of Palantir Technologies in a report on Monday, January 6th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $44.61.
Read Our Latest Stock Analysis on Palantir Technologies
About Palantir Technologies
(
Get Free Report)
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.
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