Palantir Technologies (PLTR) to Release Quarterly Earnings on Monday

Palantir Technologies (NASDAQ:PLTR) is projected to release its earnings data before the market opens on Monday, February 3rd. Analysts expect Palantir Technologies to post earnings of $0.11 per share and revenue of $769.39 million for the quarter. Palantir Technologies has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. On average, analysts expect Palantir Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $82.49 on Friday. Palantir Technologies has a 1-year low of $16.03 and a 1-year high of $85.22. The business has a 50 day simple moving average of $73.34 and a two-hundred day simple moving average of $50.31. The stock has a market capitalization of $187.91 billion, a PE ratio of 412.47, a P/E/G ratio of 7.29 and a beta of 2.82.

Analyst Ratings Changes

PLTR has been the subject of a number of recent research reports. Mizuho boosted their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research report on Friday, December 13th. Bank of America boosted their target price on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 25th. DA Davidson increased their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group upped their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.61.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,181,807 shares of company stock worth $1,288,448,522. Insiders own 12.93% of the company’s stock.

About Palantir Technologies

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.