Palantir Technologies Inc. (NASDAQ:PLTR) Receives $192.19 Average PT from Brokerages

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) have been assigned an average recommendation of “Moderate Buy” from the thirty-six analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $192.1852.

A number of equities analysts have weighed in on PLTR shares. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Friday, July 31st. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 11th. BTIG Research cut Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. UBS Group set a $215.00 target price on Palantir Technologies in a research note on Tuesday, August 11th. Finally, Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Wednesday, May 6th.

Palantir Technologies Stock Performance

PLTR opened at $177.50 on Friday. The firm has a market cap of $426.54 billion, a price-to-earnings ratio of 151.71, a PEG ratio of 2.44 and a beta of 1.59. The firm’s 50-day simple moving average is $141.46 and its 200-day simple moving average is $141.39. Palantir Technologies has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. Palantir Technologies’s quarterly revenue was up 92.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Palantir Technologies will post 1.27 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director owned 54,107 shares of the company’s stock, valued at $8,927,655. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider directly owned 56,921 shares of the company’s stock, valued at $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 723,431 shares of company stock valued at $117,330,908. 9.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

A number of large investors have recently modified their holdings of the business. PFA Pension Forsikringsaktieselskab purchased a new position in Palantir Technologies in the 4th quarter valued at $222,143,000. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares during the period. Global Retirement Partners LLC increased its position in Palantir Technologies by 6.8% during the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company’s stock worth $14,092,000 after purchasing an additional 5,070 shares during the last quarter. Income Insurance Ltd acquired a new position in Palantir Technologies in the 4th quarter valued at about $1,228,000. Finally, Sun Financial Inc purchased a new stake in Palantir Technologies in the fourth quarter valued at $1,282,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

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

• Positive Sentiment: William Blair reiterated a Buy rating, citing Palantir’s Maven smart-system program, which the firm believes is on track to reach $1 billion in annual recurring revenue. The analyst also sees potential support from renewed defense spending and a possible return toward the low-$200s. William Blair Maven analysis
• Positive Sentiment: Maven’s designation as an official Pentagon program of record could provide more durable, multi-year budget support as the platform expands across the military. That status strengthens the long-term government revenue outlook. Palantir Maven Pentagon program
• Positive Sentiment: The stock’s recent advance is being supported by its latest “blowout” quarter: revenue rose 92.8% year over year to $1.94 billion, while adjusted earnings of $0.41 per share exceeded the $0.34 consensus estimate. Strong commercial demand, government relationships and Palantir’s AI platform remain central to the bullish thesis. Palantir rally analysis
• Neutral Sentiment: Options activity around the September 18 expiration is unusually heavy, suggesting traders expect another significant move. This may increase volatility without establishing a clear fundamental direction. Palantir September options analysis
• Negative Sentiment: CEO Alexander Karp sold approximately $86.1 million of shares, while other insiders also reported sales. The transactions were made under pre-arranged Rule 10b5-1 plans and partly covered tax obligations, but the timing may reinforce concerns that executives are monetizing the sharp rally. Alexander Karp stock sale
• Negative Sentiment: Michael Burry has added to his Palantir short position, arguing that the company’s valuation is difficult to justify. With PLTR trading at roughly 150 times earnings after a gain of more than 40% in a month, analysts and investors remain divided over whether future growth can support the price. Michael Burry Palantir short position

About Palantir Technologies

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.