Palantir Technologies (NASDAQ:PLTR) Stock Price Up 1.6% After Analyst Upgrade

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) rose 1.6% on Friday after Daiwa Capital Markets raised their price target on the stock from $178.00 to $200.00. Daiwa Capital Markets currently has a neutral rating on the stock. Palantir Technologies traded as high as $178.70 and last traded at $177.93. Approximately 73,294,584 shares changed hands during trading, a decline of 12% from the average daily volume of 83,365,719 shares. The stock had previously closed at $175.05.

PLTR has been the subject of a number of other research reports. Piper Sandler raised their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their target price on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $173.45.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company’s stock, valued at $89,611.04. The trade was a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 over the last ninety days. 9.23% of the stock is owned by corporate insiders.

Institutional Trading of Palantir Technologies

A number of institutional investors have recently modified their holdings of PLTR. Keyvantage Wealth LLC purchased a new position in Palantir Technologies during the third quarter worth $386,000. Synovus Financial Corp increased its position in Palantir Technologies by 5.9% during the 3rd quarter. Synovus Financial Corp now owns 21,871 shares of the company’s stock worth $3,990,000 after purchasing an additional 1,218 shares in the last quarter. NewEdge Wealth LLC increased its position in Palantir Technologies by 58.4% during the 3rd quarter. NewEdge Wealth LLC now owns 39,692 shares of the company’s stock worth $7,458,000 after purchasing an additional 14,640 shares in the last quarter. Signet Financial Management LLC boosted its stake in shares of Palantir Technologies by 5.8% during the 3rd quarter. Signet Financial Management LLC now owns 2,372 shares of the company’s stock worth $433,000 after purchasing an additional 130 shares during the last quarter. Finally, Fiscal Wisdom Wealth Management LLC acquired a new position in shares of Palantir Technologies in the third quarter valued at approximately $218,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 1.6%

The firm’s 50 day moving average is $177.31 and its 200-day moving average is $153.08. The firm has a market cap of $422.11 billion, a PE ratio of 423.65, a P/E/G ratio of 7.67 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.10 EPS. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Company Profile

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.