Key Points
- Insider sale: David Glazer sold 9,000 PLTR shares on Dec. 12 at an average $185.91 for $1,673,190, trimming his position by 2.13% to 413,639 shares (≈$76.9M).
- Strong quarterly results: Palantir beat estimates on Nov. 3 with $0.21 EPS vs. $0.17 expected and $1.18B revenue, up 62.8% year‑over‑year.
- Market view and valuation: Analysts' consensus is a "Hold" with a $172.28 target (below the recent ~$187.75 price), while the stock carries a high valuation (market cap ≈$447.5B; P/E ≈447x).
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider David Glazer sold 9,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the sale, the insider directly owned 413,639 shares of the company's stock, valued at $76,899,626.49. The trade was a 2.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Palantir Technologies Trading Up 2.5%
PLTR stock opened at $187.75 on Wednesday. The firm's 50-day moving average price is $179.50 and its two-hundred day moving average price is $164.76. Palantir Technologies Inc. has a 12-month low of $63.40 and a 12-month high of $207.52. The stock has a market capitalization of $447.49 billion, a price-to-earnings ratio of 447.03, a PEG ratio of 7.10 and a beta of 1.49.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) 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 analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies's revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.
Analysts Set New Price Targets
PLTR has been the subject of several research analyst reports. Wall Street Zen cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 28th. Weiss Ratings upgraded Palantir Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Raymond James Financial reiterated a "market perform" rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Daiwa Capital Markets boosted their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a "neutral" rating in a report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $172.28.
View Our Latest Stock Analysis on PLTR
Institutional Investors Weigh In On Palantir Technologies
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Palantir Technologies during the 2nd quarter valued at approximately $3,307,457,000. Kingstone Capital Partners Texas LLC bought a new stake in Palantir Technologies in the second quarter worth $2,543,888,000. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares during the last quarter. State Street Corp grew its stake in shares of Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Palantir Technologies by 55.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company's stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.
About Palantir Technologies
(
Get Free Report)
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.
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