FY2025 EPS Estimates for PLTR Raised by Cantor Fitzgerald

Palantir Technologies Inc. (NASDAQ:PLTR) – Cantor Fitzgerald upped their FY2025 earnings estimates for shares of Palantir Technologies in a research note issued on Tuesday, February 4th. Cantor Fitzgerald analyst T. Blakey now anticipates that the company will earn $0.37 per share for the year, up from their prior forecast of $0.32. Cantor Fitzgerald currently has a “Neutral” rating and a $98.00 target price on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.19 per share.

Several other equities research analysts have also commented on the company. Bank of America upped their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday. Northland Securities increased their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Robert W. Baird lifted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $69.44.

Palantir Technologies Stock Down 2.4 %

Shares of NASDAQ PLTR opened at $101.36 on Wednesday. The stock has a market capitalization of $230.90 billion, a PE ratio of 506.83, a P/E/G ratio of 7.54 and a beta of 2.81. The firm has a fifty day moving average of $74.85 and a 200-day moving average of $51.92. Palantir Technologies has a 52-week low of $19.76 and a 52-week high of $106.91.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.10, for a total transaction of $283,950,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $405,875,479.80. This trade represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,653,753 shares of company stock worth $1,039,407,675 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Czech National Bank acquired a new stake in shares of Palantir Technologies during the third quarter worth $15,261,000. GAMMA Investing LLC grew its position in shares of Palantir Technologies by 83.9% during the 3rd quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock valued at $213,000 after buying an additional 2,607 shares during the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in Palantir Technologies during the third quarter worth about $209,000. Diversified Trust Co lifted its holdings in Palantir Technologies by 172.7% in the third quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock worth $802,000 after acquiring an additional 13,652 shares during the last quarter. Finally, Smith Anglin Financial LLC acquired a new position in Palantir Technologies in the third quarter valued at approximately $273,000. 45.65% of the stock is owned by institutional investors and hedge funds.

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.