Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Palantir Technologies (NASDAQ:PLTR) Stock Price

Palantir Technologies (NASDAQ:PLTR) had its price target upped by Deutsche Bank Aktiengesellschaft from $160.00 to $200.00 in a research report report published on Tuesday,MarketScreener reports. They currently have a hold rating on the stock.

A number of other brokerages have also issued reports on PLTR. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, October 28th. Bank of America lifted their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Piper Sandler upped their price objective on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.33.

Palantir Technologies Stock Down 7.9%

NASDAQ:PLTR opened at $190.74 on Tuesday. The business’s 50-day simple moving average is $176.35 and its two-hundred day simple moving average is $152.68. Palantir Technologies has a 52 week low of $46.86 and a 52 week high of $207.52. The stock has a market cap of $452.50 billion, a PE ratio of 454.15, a P/E/G ratio of 11.23 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 16.27% and a net margin of 28.11%.The business’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the business’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 value of $12,512,070.00. Following the completion of the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. The trade was a 15.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at approximately $112,129,506.30. This trade represents a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,527,750 shares of company stock valued at $234,463,896 over the last quarter. Company insiders own 12.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Peregrine Asset Advisers Inc. acquired a new stake in Palantir Technologies in the 3rd quarter valued at $296,000. Ashton Thomas Private Wealth LLC grew its position in shares of Palantir Technologies by 102.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 85,114 shares of the company’s stock valued at $15,527,000 after purchasing an additional 43,031 shares during the period. Valley Brook Capital Group Inc. purchased a new stake in shares of Palantir Technologies during the third quarter worth about $219,000. Penserra Capital Management LLC increased its stake in shares of Palantir Technologies by 41.9% during the third quarter. Penserra Capital Management LLC now owns 228,490 shares of the company’s stock worth $41,679,000 after purchasing an additional 67,519 shares in the last quarter. Finally, SGL Investment Advisors Inc. raised its position in shares of Palantir Technologies by 28.3% during the 3rd quarter. SGL Investment Advisors Inc. now owns 3,109 shares of the company’s stock worth $567,000 after purchasing an additional 685 shares during the last quarter. Hedge funds and other 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.