Cantor Fitzgerald Forecasts Strong Price Appreciation for Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies (NASDAQ:PLTR) had its price objective boosted by investment analysts at Cantor Fitzgerald from $72.00 to $98.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential downside of 3.31% from the stock’s current price. Cantor Fitzgerald also issued estimates for Palantir Technologies’ FY2025 earnings at $0.37 EPS.

PLTR has been the topic of several other reports. Baird R W raised 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 company an “outperform” rating in a 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 stock a “market perform” rating in a research note on Tuesday. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Stock Down 2.4 %

Shares of Palantir Technologies stock opened at $101.36 on Tuesday. The company has a market cap of $230.90 billion, a P/E ratio of 506.83, a PEG ratio of 7.54 and a beta of 2.81. The firm’s 50 day moving average price is $74.85 and its 200-day moving average price is $51.92. Palantir Technologies has a 52-week low of $19.76 and a 52-week high of $106.91.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, equities research analysts forecast that Palantir Technologies will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, November 29th. The shares were sold at an average price of $66.59, for a total value of $1,997,700.00. Following the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $50,128,019.74. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 1,823,602 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at $406,004,124.96. This represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,653,753 shares of company stock valued at $1,039,407,675. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Czech National Bank acquired a new position in shares of Palantir Technologies during the third quarter valued at approximately $15,261,000. GAMMA Investing LLC increased its position in shares of Palantir Technologies by 83.9% during the third quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock worth $213,000 after purchasing an additional 2,607 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new position in Palantir Technologies in the 3rd quarter valued at $209,000. Diversified Trust Co lifted its holdings in Palantir Technologies by 172.7% in the 3rd quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock valued at $802,000 after purchasing an additional 13,652 shares in the last quarter. Finally, Smith Anglin Financial LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth $273,000. Hedge funds and other institutional investors 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.