Palantir Technologies (NASDAQ:PLTR) Price Target Raised to $190.00 at Citigroup

Palantir Technologies (NASDAQ:PLTR) had its target price raised by Citigroup from $177.00 to $190.00 in a report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the stock.

PLTR has been the topic of a number of other reports. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Bank of America raised their target price on shares of Palantir Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. UBS Group reiterated a “neutral” rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $142.00.

Palantir Technologies Price Performance

Shares of PLTR opened at $189.60 on Tuesday. The firm’s 50 day simple moving average is $172.29 and its 200 day simple moving average is $148.59. The company has a market capitalization of $449.80 billion, a P/E ratio of 632.02, a P/E/G ratio of 10.25 and a beta of 2.60. Palantir Technologies has a 1-year low of $40.90 and a 1-year high of $192.83.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Palantir Technologies will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the transaction, the insider owned 431,169 shares in the company, valued at $66,602,675.43. This represents a 15.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,557,750 shares of company stock valued at $239,713,896. 12.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PLTR. Financial Consulate Inc. bought a new stake in Palantir Technologies in the third quarter valued at $30,000. Retirement Wealth Solutions LLC bought a new stake in Palantir Technologies in the third quarter valued at $31,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies in the second quarter valued at $25,000. Marquette Asset Management LLC bought a new stake in Palantir Technologies in the third quarter valued at $34,000. Finally, Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the second quarter valued at $27,000. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

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.