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Palantir Technologies (PLTR) Stock Price, News & Analysis

Palantir Technologies logo
$80.55 +6.34 (+8.54%)
(As of 12/20/2024 05:45 PM ET)

About Palantir Technologies Stock (NASDAQ:PLTR)

Key Stats

Today's Range
$71.50
$80.66
50-Day Range
$41.41
$80.55
52-Week Range
$15.66
$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

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.

 

Palantir Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
57th Percentile Overall Score

PLTR 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.

  • 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.

  • Read more about Palantir Technologies' stock forecast and price target.
  • 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 112.72.

  • 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.

  • 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 Yield

    Palantir Technologies does not currently pay a dividend.

  • Dividend Growth

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

  • 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 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 81 news articles for Palantir Technologies this week, compared to 49 articles on an average week.
  • Search Interest

    699 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 293 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.
  • 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.

  • Read more about Palantir Technologies' insider trading history.
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PLTR Stock News Headlines

Financial markets news icon
MarketBeat Week in Review – 12/16 - 12/20 (PLTR)
Stocks were lower this week after the Federal Reserve confirmed fewer rate cuts in 2025, but Friday's rally suggests hope for a Santa Claus rally remains strong
The Palantir Technologies logo appears on the screen of a smartphone, in Reno, United States, on December 3, 2024 — Stock Editorial Photography
Palantir’s Momentum Persists Despite Market Worries
After shrugging off the Fed-induced correction, Palantir's earnings report will be the next opportunity for the bulls or bears to be proven right
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Grayscale Investments just announced a new fund offering access to a HOT new DeFi coin… And thanks to this newly established trust, I believe this coin could skyrocket up to 150x+ in the next 30 days alone! I've compiled everything you need to know about this once-in-a-lifetime DeFi project into a brand-new comprehensive guide…
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PLTR Stock Analysis - Frequently Asked Questions

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

Palantir Technologies Inc. (NASDAQ:PLTR) posted its quarterly earnings data on Monday, November, 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company's quarterly revenue was up 30.0% compared to the same quarter last year.

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

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

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
.

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

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:PLTR
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

Net Income
$209.82 million
Pretax Margin
19.46%

Debt

Sales & Book Value

Annual Sales
$2.65 billion
Cash Flow
$0.10 per share
Book Value
$1.62 per share

Miscellaneous

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

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This page (NASDAQ:PLTR) was last updated on 12/22/2024 by MarketBeat.com Staff
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