Palantir Technologies Inc. (NYSE: PLTR) Receives Consensus Rating of “Hold” by Analysts


Shares of Palantir Technologies Inc. (NYSE: PLTR – Get Rating) have been assigned a consensus rating of “Hold” by the ten brokerages that currently cover the company, reports MarketBeat Ratings. Two equity research analysts rated the stock with a sell recommendation, three issued a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokerages that have updated their coverage on the stock over the past year is $14.89.

Several equity analysts have recently weighed in on PLTR shares. Wolfe Research reiterated a “hold” rating and issued a $9.00 price target on shares of Palantir Technologies in a Friday, February 18 report. Morgan Stanley upgraded Palantir Technologies from an “underweight” rating to an “equally weighted” rating and lowered its price target for the company from $24.00 to $16.00 in a Monday research note 7 March. Zacks Investment Research downgraded shares of Palantir Technologies from a “hold” rating to a “sell” rating in a Wednesday, May 18 research note. Piper Sandler raised her price target on shares of Palantir Technologies from $15.00 to $16.00 and gave the stock an “overweight” rating in a Friday, April 22 report. Finally, Citigroup lowered its price target on shares of Palantir Technologies from $10.00 to $7.00 in a Tuesday, May 10 research report.

In other Palantir Technologies news, insider Ryan D. Taylor sold 79,439 shares of the company in a trade that took place on Thursday, February 24. The stock was sold at an average price of $11.21, for a total transaction of $890,511.19. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, insider Ryan D. Taylor sold 48,656 shares in a trade that took place on Friday, May 20. The shares were sold at an average price of $8.09, for a total value of $393,627.04. Following the completion of the sale, the insider now directly owns 720,370 shares of the company, valued at approximately $5,827,793.30. The disclosure of this sale can be found here. Insiders sold 223,761 shares of the company worth $2,406,751 during the last quarter. 17.00% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently changed their positions in PLTR. JSF Financial LLC increased its stake in Palantir Technologies by 4.0% in the third quarter. JSF Financial LLC now owns 12,980 shares of the company worth $312,000 after purchasing an additional 500 shares in the last quarter. Clear Creek Financial Management LLC increased its position in Palantir Technologies by 2.6% during the fourth quarter. Clear Creek Financial Management LLC now owns 27,081 shares of the company worth $493,000 after purchasing an additional 684 shares last quarter. Archford Capital Strategies LLC increased its stake in Palantir Technologies by 3.5% during the 4th quarter. Archford Capital Strategies LLC now owns 21,689 shares of the company worth $395,000 after acquiring an additional 743 shares during the period. Laidlaw Wealth Management LLC increased its position in shares of Palantir Technologies by 0.9% during the 4th quarter. Laidlaw Wealth Management LLC now owns 81,979 shares of the company valued at $1,493,000 after acquiring an additional 745 shares during the period. Finally, Profund Advisors LLC increased its equity stake in Palantir Technologies by 5.2% during the 4th quarter. Profund Advisors LLC now owns 15,665 shares of the company worth $285,000 after purchasing an additional 775 shares in the last quarter. Institutional investors and hedge funds own 40.02% of the company’s shares.

Shares of PLTR opened at $7.55 on Wednesday. Palantir Technologies has a 12-month low of $6.44 and a 12-month high of $29.29. The company has a market capitalization of $15.33 billion, a price/earnings ratio of -30.20 and a beta of 5.00. The stock’s 50-day simple moving average is $11.30 and its 200-day simple moving average is $14.58.

Palantir Technologies (NYSE:PLTR – Get Rating) last released its quarterly results on Monday, May 9. The company reported earnings per share (EPS) of $0.02 for the quarter, missing the consensus estimate of $0.04 per ($0.02). Palantir Technologies recorded a negative net margin of 30.25% and a positive return on equity of 12.04%. The company posted revenue of $446.36 million for the quarter, versus a consensus estimate of $443.51 million. In the same quarter of the previous year, the company had earned earnings per share of $0.04. The company’s revenue increased 30.8% year over year. Sell-side analysts predict Palantir Technologies will post -0.07 earnings per share for the current fiscal year.

About Palantir Technologies (Get a rating)

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to aid in counterterrorism investigations and operations. The company provides palantir gotham, a software platform that enables users to identify patterns hidden deep within datasets, ranging from signal intelligence sources to confidential informant reports, as well as facilitates transfer between analysts and operational users, helping operators plan and execute truly global responses to threats that have been identified within the platform.

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Analyst Recommendations for Palantir Technologies (NYSE: PLTR)



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