DA Davidson Has Positive Estimate for PLTR FY2025 Earnings

Palantir Technologies Inc. (NASDAQ:PLTR) – DA Davidson upped their FY2025 EPS estimates for shares of Palantir Technologies in a research note issued to investors on Tuesday, May 6th. DA Davidson analyst G. Luria now expects that the company will post earnings per share of $0.31 for the year, up from their previous estimate of $0.28. DA Davidson currently has a “Neutral” rating and a $115.00 price target on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.31 per share. DA Davidson also issued estimates for Palantir Technologies’ FY2026 earnings at $0.30 EPS.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. Palantir Technologies’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS.

PLTR has been the subject of several other research reports. Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday. Citigroup raised their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday. Northland Securities increased their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Mizuho boosted their price target on Palantir Technologies from $80.00 to $94.00 and gave the stock an “underperform” rating in a report on Tuesday. Finally, Royal Bank of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $83.95.

Palantir Technologies Trading Up 8.0 %

PLTR stock opened at $119.32 on Thursday. The firm has a 50-day moving average price of $93.57 and a 200-day moving average price of $81.48. Palantir Technologies has a 12 month low of $20.50 and a 12 month high of $125.41. The stock has a market capitalization of $279.85 billion, a P/E ratio of 628.04, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares of the company’s stock, valued at $15,993,370.71. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,978,181 shares of company stock worth $252,115,667 in the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Palantir Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. increased its position in Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after buying an additional 448 shares during the last quarter. Diversify Wealth Management LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth $876,000. Destiny Wealth Partners LLC purchased a new stake in Palantir Technologies in the 4th quarter worth about $3,233,000. Kieckhefer Group LLC bought a new stake in Palantir Technologies in the 4th quarter valued at about $11,769,000. Finally, Grange Capital LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $5,829,000. Institutional investors own 45.65% of the company’s stock.

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.