FY2025 EPS Estimates for Palantir Technologies Inc. Raised by Analyst (NYSE:PLTR)

Palantir Technologies Inc. (NYSE:PLTR) – Equities research analysts at DA Davidson upped their FY2025 earnings per share estimates for Palantir Technologies in a report released on Tuesday, May 7th. DA Davidson analyst G. Luria now expects that the company will post earnings of $0.25 per share for the year, up from their prior estimate of $0.23. DA Davidson has a “Neutral” rating and a $24.00 price objective on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.16 per share.

Other analysts have also recently issued research reports about the stock. Mizuho upped their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Raymond James upped their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday, April 26th. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.65.

Palantir Technologies Price Performance

Shares of PLTR opened at $21.56 on Wednesday. The company has a market capitalization of $47.71 billion, a P/E ratio of 237.92, a PEG ratio of 5.72 and a beta of 2.76. Palantir Technologies has a one year low of $8.65 and a one year high of $27.50. The business’s 50 day simple moving average is $23.34 and its 200-day simple moving average is $20.35.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $608.35 million for the quarter, compared to analyst estimates of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of PLTR. Entropy Technologies LP acquired a new position in shares of Palantir Technologies during the first quarter valued at about $759,000. Sheets Smith Wealth Management bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $440,000. ProShare Advisors LLC bought a new stake in Palantir Technologies during the 1st quarter worth approximately $262,000. US Bancorp DE increased its holdings in Palantir Technologies by 15.9% during the 1st quarter. US Bancorp DE now owns 198,930 shares of the company’s stock worth $4,577,000 after acquiring an additional 27,322 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Palantir Technologies by 6.7% in the 1st quarter. Russell Investments Group Ltd. now owns 400,091 shares of the company’s stock worth $9,300,000 after buying an additional 25,258 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 29,168 shares of Palantir Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.00, for a total transaction of $729,200.00. Following the completion of the transaction, the insider now owns 752,786 shares of the company’s stock, valued at $18,819,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the sale, the director now directly owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 29,168 shares of Palantir Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.00, for a total transaction of $729,200.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $18,819,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,206,273 shares of company stock worth $178,543,602. Corporate insiders own 13.96% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.