DA Davidson Has Optimistic Outlook of PLTR FY2025 Earnings

Palantir Technologies Inc. (NASDAQ:PLTR) – Equities research analysts at DA Davidson increased their FY2025 earnings estimates for Palantir Technologies in a research report issued on Tuesday, February 4th. DA Davidson analyst G. Luria now anticipates that the company will post earnings of $0.37 per share for the year, up from their prior forecast of $0.29. DA Davidson currently has a “Neutral” rating and a $105.00 target price on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.19 per share.

A number of other equities research analysts have also issued reports on PLTR. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $95.00 in a research report on Tuesday. Robert W. Baird boosted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday. Finally, Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.89.

Palantir Technologies Price Performance

PLTR stock opened at $103.83 on Wednesday. Palantir Technologies has a 52-week low of $16.48 and a 52-week high of $106.91. The company’s 50 day simple moving average is $74.09 and its 200-day simple moving average is $51.39. The firm has a market capitalization of $236.53 billion, a P/E ratio of 519.18, a P/E/G ratio of 7.54 and a beta of 2.81.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The firm’s revenue was up 30.0% compared to the same quarter last year.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently made changes to their positions in the company. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $27,000. First PREMIER Bank bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $28,000. Wolff Wiese Magana LLC grew its holdings in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. HighMark Wealth Management LLC grew its holdings in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies during the 4th quarter worth about $31,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 8,860 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $514,411.60. Following the completion of the sale, the director now directly owns 121,390 shares in the company, valued at approximately $7,047,903.40. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,153,753 shares of company stock worth $1,287,042,675. 12.93% of the stock is currently owned by corporate insiders.

About Palantir Technologies

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.