Palantir Technologies’ (PLTR) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Palantir Technologies (NASDAQ:PLTR) in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a $250.00 price objective on the stock.

A number of other research analysts have also recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and issued a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research note on Thursday, October 29th. Truist Financial reissued a “buy” rating and issued a $250.00 target price (up from $223.00) on shares of Palantir Technologies in a report on Tuesday. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $214.53.

Palantir Technologies Stock Down 9.7%

Shares of PLTR stock opened at $154.99 on Tuesday. Palantir Technologies has a 12-month low of $106.37 and a 12-month high of $212.94. The company has a market capitalization of $372.45 billion, a P/E ratio of 108.38, a P/E/G ratio of 3.60 and a beta of 1.65. The firm has a 50-day moving average price of $186.39 and a 200 day moving average price of $153.78.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The company’s revenue for the quarter was up 95.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. As a group, research analysts expect that Palantir Technologies will post 1.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the transaction, the insider directly owned 274,667 shares of the company’s stock, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 1,358 shares of Palantir Technologies stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.29, for a total transaction of $252,981.82. Following the sale, the director directly owned 45,044 shares of the company’s stock, valued at $8,391,246.76. This represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 523,716 shares of company stock worth $92,212,379 over the last 90 days. Insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTR. Signature Wealth Management Partners LLC lifted its holdings in Palantir Technologies by 1.0% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company’s stock valued at $961,000 after buying an additional 51 shares in the last quarter. Atlatl Advisers LLC boosted its position in Palantir Technologies by 0.4% in the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company’s stock valued at $2,464,000 after buying an additional 53 shares during the period. Opinicus Capital Inc. grew its stake in Palantir Technologies by 2.4% in the 3rd quarter. Opinicus Capital Inc. now owns 2,276 shares of the company’s stock worth $426,000 after acquiring an additional 53 shares in the last quarter. Demars Financial Group LLC grew its stake in Palantir Technologies by 2.7% in the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company’s stock worth $384,000 after acquiring an additional 54 shares in the last quarter. Finally, PFS Partners LLC grew its stake in Palantir Technologies by 28.9% in the 3rd quarter. PFS Partners LLC now owns 250 shares of the company’s stock worth $47,000 after acquiring an additional 56 shares in the last quarter. 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:

• Positive Sentiment: Palantir reported revenue of $2.31 billion, up about 96% year over year, and adjusted EPS of $0.44, beating analyst estimates. U.S. commercial revenue surged 148%, and the company raised its full-year outlook, underscoring strong demand for its AI software. Palantir’s third-quarter results
• Positive Sentiment: Some investors and analysts remain constructive: ARK Invest bought Palantir shares during the selloff, and several research firms have maintained Buy ratings or raised price targets. ARK Invest purchases Palantir shares
• Negative Sentiment: Strong revenue growth has not eased concerns about future deal momentum. Reports cite slower contract-growth metrics, including a sharp quarter-over-quarter slowdown in total contract value growth, prompting questions about whether new bookings can sustain the pace of sales. Contract growth and spending concerns
• Negative Sentiment: Palantir’s premium valuation leaves little room for disappointment, and investors are taking profits in high-flying AI and software shares. The selloff is also tied to election-related concerns that a Democratic-controlled Congress could curb the proposed defense budget, creating uncertainty for government-focused business. Election and sector pressures

Palantir Technologies Company Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.