Palantir Technologies (NASDAQ:PLTR) Upgraded by Mizuho to “Outperform” Rating

Palantir Technologies (NASDAQ:PLTRGet Free Report) was upgraded by Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a $195.00 price target on the stock. Mizuho’s target price would suggest a potential upside of 46.59% from the stock’s previous close.

Several other analysts have also recently weighed in on PLTR. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Robert W. Baird raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Tuesday, February 3rd. DA Davidson decreased their target price on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Finally, Jefferies Financial Group set a $208.00 target price on shares of Palantir Technologies in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $191.05.

Read Our Latest Report on PLTR

Palantir Technologies Trading Up 1.2%

NASDAQ:PLTR opened at $133.02 on Wednesday. The stock has a market capitalization of $317.05 billion, a PE ratio of 211.15, a P/E/G ratio of 2.53 and a beta of 1.64. Palantir Technologies has a 1-year low of $66.12 and a 1-year high of $207.52. The firm has a fifty day simple moving average of $167.95 and a 200 day simple moving average of $172.28.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the transaction, the insider directly owned 413,639 shares in the company, valued at $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 400 shares of Palantir Technologies stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $151.14, for a total value of $60,456.00. Following the completion of the sale, the director directly owned 58,287 shares of the company’s stock, valued at approximately $8,809,497.18. This trade represents a 0.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,023,844 shares of company stock valued at $167,455,085 in the last ninety days. 12.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $5,149,641,000. Vanguard Group Inc. boosted its holdings in Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after purchasing an additional 8,168,604 shares during the last quarter. State Street Corp grew its position in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Cardano Risk Management B.V. grew its holdings 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. Finally, Amundi increased its position in Palantir Technologies by 38.7% during the third quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after acquiring an additional 4,373,201 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Key Palantir Technologies News

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

About Palantir Technologies

(Get Free Report)

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.

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