Palantir Technologies (PLTR) Scheduled to Post Quarterly Earnings on Monday

Palantir Technologies (NYSE:PLTR) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Palantir Technologies has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

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

Shares of Palantir Technologies stock opened at $22.52 on Monday. Palantir Technologies has a 1 year low of $7.28 and a 1 year high of $27.50. The company has a 50-day moving average of $23.45 and a 200 day moving average of $20.08. The firm has a market cap of $49.83 billion, a price-to-earnings ratio of 250.25, a PEG ratio of 5.52 and a beta of 2.78.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Monness Crespi & Hardt upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday. Mizuho lifted their price objective on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Bank of America increased their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Raymond James lifted their price target on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, Wedbush reissued an “outperform” rating and set a $35.00 price objective (up from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.35.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 32,828 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total value of $851,886.60. Following the completion of the sale, the insider now directly owns 662,006 shares in the company, valued at $17,179,055.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Heather A. Planishek sold 32,828 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $25.95, for a total value of $851,886.60. Following the transaction, the insider now directly owns 662,006 shares in the company, valued at approximately $17,179,055.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 120,000 shares of Palantir Technologies stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total value of $2,640,000.00. Following the completion of the sale, the insider now directly owns 181,460 shares of the company’s stock, valued at approximately $3,992,120. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,456,273 shares of company stock worth $184,343,202. Company insiders own 13.96% of the company’s stock.

Palantir Technologies Company Profile

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.