Palantir Technologies Inc. (NASDAQ:PLTR) Given Average Rating of “Hold” by Analysts

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) has been given a consensus rating of “Hold” by the twenty-five ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $174.6905.

A number of equities research analysts have recently commented on PLTR shares. Piper Sandler increased 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, November 4th. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Morgan Stanley lifted their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. CICC Research boosted their price objective on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, Mizuho raised their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th.

View Our Latest Analysis on PLTR

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 15,557 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the sale, the insider directly owned 415,612 shares of the company’s stock, valued at $68,156,211.88. The trade was a 3.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 149,872 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $105,410,476.14. The trade was a 18.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,023,444 shares of company stock worth $167,394,629. 9.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies in the second quarter worth $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies during the second quarter worth $27,000. Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies during the second quarter valued at $28,000. Finally, Bare Financial Services Inc grew its stake in Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Trading Down 2.7%

Shares of Palantir Technologies stock opened at $176.86 on Friday. Palantir Technologies has a 52 week low of $63.40 and a 52 week high of $207.52. The stock has a market cap of $421.54 billion, a PE ratio of 421.11, a price-to-earnings-growth ratio of 4.57 and a beta of 1.54. The company’s 50-day moving average price is $179.67 and its two-hundred day moving average price is $170.17.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 62.8% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies will post 0.31 EPS for the current fiscal year.

About Palantir Technologies

(Get Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Analyst Recommendations for Palantir Technologies (NASDAQ:PLTR)

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