Brokers Issue Forecasts for PLTR Q4 Earnings

Palantir Technologies Inc. (NYSE:PLTR) – Stock analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of Palantir Technologies in a research report issued to clients and investors on Tuesday, November 5th. DA Davidson analyst G. Luria expects that the company will post earnings per share of $0.07 for the quarter. DA Davidson has a “Neutral” rating and a $47.00 price target on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.19 per share. DA Davidson also issued estimates for Palantir Technologies’ FY2025 earnings at $0.29 EPS.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 10.41% and a net margin of 18.01%. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s revenue was up 30.0% on a year-over-year basis.

A number of other analysts also recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Mizuho boosted their target price on shares of Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday. Citigroup increased their price target on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Finally, Bank of America increased their target price on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus target price of $29.93.

Palantir Technologies Stock Up 8.6 %

Shares of NYSE PLTR opened at $55.51 on Wednesday. The business has a 50 day moving average price of $38.60 and a two-hundred day moving average price of $29.97. Palantir Technologies has a fifty-two week low of $15.66 and a fifty-two week high of $55.69. The firm has a market cap of $124.30 billion, a PE ratio of 277.65 and a beta of 2.70.

Institutional Trading of Palantir Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Adero Partners LLC raised its stake in shares of Palantir Technologies by 3.2% in the 3rd quarter. Adero Partners LLC now owns 15,064 shares of the company’s stock worth $560,000 after buying an additional 467 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in Palantir Technologies during the third quarter worth about $9,212,000. WESPAC Advisors SoCal LLC bought a new stake in Palantir Technologies in the third quarter worth about $242,000. Straight Path Wealth Management lifted its holdings in Palantir Technologies by 14.0% in the 3rd quarter. Straight Path Wealth Management now owns 34,603 shares of the company’s stock valued at $1,287,000 after acquiring an additional 4,253 shares during the last quarter. Finally, LJI Wealth Management LLC boosted its position in shares of Palantir Technologies by 2.4% during the 3rd quarter. LJI Wealth Management LLC now owns 41,784 shares of the company’s stock valued at $1,554,000 after purchasing an additional 969 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 249,684 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.01, for a total value of $7,493,016.84. Following the transaction, the insider now directly owns 372,565 shares in the company, valued at $11,180,675.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,204,508 shares of company stock worth $802,654,666. Insiders own 12.93% 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.