Palantir Technologies (NASDAQ:PLTR) Lowered to “Hold” Rating by Wall Street Zen

Palantir Technologies (NASDAQ:PLTR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other analysts also recently weighed in on the company. Mizuho upped their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Robert W. Baird increased their target price on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Citigroup raised their price target on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Finally, CICC Research boosted their price target on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Stock Up 1.6%

Shares of PLTR stock opened at $168.44 on Friday. The business’s fifty day moving average is $179.48 and its 200 day moving average is $159.60. The stock has a market cap of $401.46 billion, a price-to-earnings ratio of 401.05, a PEG ratio of 6.43 and a beta of 2.63. Palantir Technologies has a twelve month low of $63.40 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $0.10 EPS. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,435,312.50. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the sale, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,146,892 shares of company stock worth $186,381,382. 9.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds have recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies during the first quarter valued at approximately $27,000. Briaud Financial Planning Inc bought a new stake in Palantir Technologies during the second quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Palantir Technologies in the second quarter worth approximately $27,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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.