Palantir Technologies (NASDAQ:PLTR) Announces Quarterly Earnings Results

Palantir Technologies (NASDAQ:PLTR) posted its quarterly earnings data on Monday. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04, Briefing.com reports. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 16.27% and a net margin of 28.11%.The business’s revenue was up 62.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Palantir Technologies updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $184.49 on Wednesday. The business’s fifty day moving average price is $176.35 and its 200-day moving average price is $152.68. The stock has a market capitalization of $437.66 billion, a price-to-earnings ratio of 442.18, a PEG ratio of 11.23 and a beta of 2.63. Palantir Technologies has a 1-year low of $51.61 and a 1-year high of $207.52.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group lifted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Morgan Stanley boosted their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price target on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Bank of America boosted their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $169.44.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David A. Glazer sold 81,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,527,750 shares of company stock worth $234,463,896. Insiders own 12.93% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently bought and sold shares of the business. Semmax Financial Advisors Inc. increased its stake in Palantir Technologies by 32.5% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 485 shares of the company’s stock worth $66,000 after buying an additional 119 shares in the last quarter. Resources Management Corp CT ADV increased its stake in Palantir Technologies by 20.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 600 shares of the company’s stock worth $82,000 after buying an additional 100 shares in the last quarter. WealthCollab LLC increased its stake in Palantir Technologies by 57.2% in the 2nd quarter. WealthCollab LLC now owns 687 shares of the company’s stock worth $94,000 after buying an additional 250 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth $126,000. Finally, CLG LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth $205,000. 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.