Palantir Technologies (NASDAQ:PLTR) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Palantir Technologies (NASDAQ:PLTR) from a buy rating to a hold rating in a research report report published on Friday.

A number of other analysts also recently issued reports on PLTR. Morgan Stanley boosted their price objective on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. CICC Research increased their price target on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, HSBC upped their target price on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $172.28.

Palantir Technologies Price Performance

PLTR opened at $168.44 on Friday. The business has a fifty day simple moving average of $179.48 and a 200 day simple moving average of $160.03. Palantir Technologies has a 1 year low of $63.40 and a 1 year high of $207.52. The company has a market capitalization of $401.46 billion, a PE ratio of 401.05, a price-to-earnings-growth ratio of 6.53 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company 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%.The company’s revenue was up 62.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the sale, the insider directly owned 47,044 shares of the company’s stock, valued at $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 1,973 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $308,281.25. Following the transaction, the insider directly owned 413,639 shares of the company’s stock, valued at approximately $64,631,093.75. The trade was a 0.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,146,892 shares of company stock valued at $186,381,382. Corporate insiders own 9.23% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bare Financial Services Inc increased its holdings in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. Financial Consulate Inc. bought a new stake in Palantir Technologies during the 3rd quarter worth $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies in the 3rd quarter worth about $31,000. United Financial Planning Group LLC bought a new position in Palantir Technologies in the third quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in Palantir Technologies in the third quarter valued at about $32,000. 45.65% of the stock is owned by institutional investors.

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.