Palantir Technologies Inc. (NYSE:PLTR) Forecasted to Post FY2025 Earnings of $0.25 Per Share

Palantir Technologies Inc. (NYSE:PLTR) – DA Davidson increased their FY2025 earnings estimates for shares of Palantir Technologies in a note issued to investors on Tuesday, May 7th. DA Davidson analyst G. Luria now forecasts that the company will earn $0.25 per share for the year, up from their prior forecast of $0.23. DA Davidson currently has a “Neutral” rating and a $24.00 target price on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.16 per share.

Other equities analysts have also recently issued research reports about the stock. Mizuho raised their price target 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. HSBC raised their price target on shares of Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday. Monness Crespi & Hardt upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday, April 26th. Finally, Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and raised their price target for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.65.

Palantir Technologies Stock Performance

Shares of NYSE PLTR opened at $21.56 on Wednesday. Palantir Technologies has a fifty-two week low of $8.65 and a fifty-two week high of $27.50. The stock has a market cap of $47.71 billion, a price-to-earnings ratio of 237.92, a PEG ratio of 5.72 and a beta of 2.76. The firm’s 50-day simple moving average is $23.34 and its 200 day simple moving average is $20.35.

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 29,168 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.00, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Shyam Sankar sold 29,168 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.00, for a total transaction of $729,200.00. Following the transaction, the insider now owns 752,786 shares in the company, valued at $18,819,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $25.10, for a total transaction of $125,500.00. Following the transaction, the director now owns 181,830 shares in the company, valued at approximately $4,563,933. The disclosure for this sale can be found here. Insiders sold 7,206,273 shares of company stock valued at $178,543,602 over the last three months. Insiders own 13.96% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

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