Palantir Technologies’ (PLTR) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Palantir Technologies (NASDAQ:PLTR) in a research report released on Tuesday morning, MarketBeat reports. Piper Sandler currently has a $230.00 target price on the stock.

PLTR has been the subject of several other reports. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Benchmark downgraded shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, June 16th. UBS Group raised shares of Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.73.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $155.92 on Tuesday. The business’s 50-day moving average is $131.45 and its 200 day moving average is $139.69. Palantir Technologies has a 1 year low of $106.37 and a 1 year high of $207.52. The firm has a market capitalization of $373.79 billion, a P/E ratio of 133.26, a P/E/G ratio of 2.42 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.16 earnings per share. The company’s quarterly revenue was up 92.8% on a year-over-year basis. On average, analysts expect that Palantir Technologies will post 1.21 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,112,270 shares of company stock worth $150,247,785 in the last quarter. 9.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Palantir Technologies during the fourth quarter worth $5,149,641,000. Jennison Associates LLC acquired a new stake in Palantir Technologies during the first quarter valued at $1,574,111,000. Arrowstreet Capital Limited Partnership increased its holdings in Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after buying an additional 7,678,747 shares in the last quarter. State Street Corp increased its holdings in Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. raised its position in shares of Palantir Technologies by 917.4% in the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after acquiring an additional 5,938,343 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Blowout earnings and higher guidance remain the main bullish catalyst. Palantir reported second-quarter revenue of approximately $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. U.S. commercial revenue surged 149%, while government revenue rose 90%. The company also raised its full-year revenue, profit and cash-flow outlook, reinforcing expectations for continued AI demand and accelerating growth. Palantir Just Reported a Blowout Quarter and Raised Its Guidance
• Positive Sentiment: Analyst earnings estimates are moving higher. Northland Securities raised its forecasts for several upcoming quarters, including Q3 2026 EPS to $0.30 from $0.27 and Q4 2026 EPS to $0.35 from $0.29. Piper Sandler also assigned an “Overweight” rating, while other analysts said the results make a potential return to $200 more plausible. Palantir Earns Overweight Rating from Piper Sandler
• Positive Sentiment: Founder and investor confidence provides a supportive signal. Peter Thiel continues to own roughly 3% of Palantir, a stake valued at more than $10 billion, suggesting continued conviction in the company’s long-term growth prospects. Peter Thiel Still Owns Roughly 3% of Palantir

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.