Palantir Technologies (NASDAQ:PLTR) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Palantir Technologies (NASDAQ:PLTR) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other equities analysts also recently commented on PLTR. Loop Capital increased their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. DA Davidson raised their price objective on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup upped their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Mizuho increased their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $173.45.

Palantir Technologies Stock Up 1.6%

Shares of PLTR stock traded up $2.88 during trading hours on Friday, reaching $177.93. The company’s stock had a trading volume of 73,629,693 shares, compared to its average volume of 53,098,168. Palantir Technologies has a fifty-two week low of $55.30 and a fifty-two week high of $207.52. The firm’s 50 day simple moving average is $177.73 and its 200-day simple moving average is $154.10. The company has a market capitalization of $422.11 billion, a price-to-earnings ratio of 423.65, a PEG ratio of 6.89 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the completion of the sale, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Glazer sold 81,000 shares of the company’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 transaction, the insider directly owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,527,750 shares of company stock worth $234,463,896 over the last 90 days. 9.23% of the stock is owned by company insiders.

Institutional Trading of Palantir Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Occidental Asset Management LLC raised its holdings in shares of Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock worth $358,000 after acquiring an additional 53 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of Palantir Technologies by 2.2% in the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after purchasing an additional 53 shares in the last quarter. Lionshead Wealth Management LLC boosted its position in shares of Palantir Technologies by 0.4% during the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after buying an additional 56 shares during the last quarter. Ellenbecker Investment Group grew its holdings in Palantir Technologies by 3.6% during the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after buying an additional 57 shares in the last quarter. Finally, Traveka Wealth LLC raised its position in Palantir Technologies by 1.6% in the 3rd quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock valued at $674,000 after buying an additional 57 shares during the last quarter. 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.