Cantor Fitzgerald Analysts Boost Earnings Estimates for PLTR

Palantir Technologies Inc. (NASDAQ:PLTR) – Stock analysts at Cantor Fitzgerald raised their FY2025 EPS estimates for shares of Palantir Technologies in a report released on Tuesday, February 4th. Cantor Fitzgerald analyst T. Blakey now anticipates that the company will earn $0.37 per share for the year, up from their prior forecast of $0.32. Cantor Fitzgerald has a “Neutral” rating and a $98.00 price target on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.19 per share.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year.

Several other research analysts also recently weighed in on the company. Royal Bank of Canada lifted their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Wedbush upped their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Northland Securities lifted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $95.00 in a report on Tuesday. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Stock Down 2.4 %

Shares of PLTR stock opened at $101.36 on Wednesday. The stock’s 50-day moving average price is $74.85 and its 200 day moving average price is $51.92. The stock has a market capitalization of $230.90 billion, a PE ratio of 506.83, a price-to-earnings-growth ratio of 7.54 and a beta of 2.81. Palantir Technologies has a 52-week low of $19.76 and a 52-week high of $106.91.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 8,860 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $514,411.60. Following the sale, the director now owns 121,390 shares of the company’s stock, valued at approximately $7,047,903.40. This represents a 6.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,653,753 shares of company stock valued at $1,039,407,675. Insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Large investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. lifted its holdings in Palantir Technologies by 133.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 921 shares of the company’s stock valued at $70,000 after purchasing an additional 526 shares in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $673,000. Norden Group LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $397,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $46,000. Finally, Smartleaf Asset Management LLC grew its stake in Palantir Technologies by 124.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 12,842 shares of the company’s stock worth $991,000 after acquiring an additional 7,126 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.