Palantir Technologies (NASDAQ:PLTR) Given New $18.50 Price Target at Northland Securities

Palantir Technologies (NASDAQ:PLTR) had its price objective raised by stock analysts at Northland Securities from $14.00 to $18.50 in a research report issued to clients and investors on Tuesday,MarketScreener reports. Northland Securities’ target price would suggest a potential downside of 90.24% from the company’s previous close.

PLTR has been the topic of a number of other reports. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, HSBC lifted their target price on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $167.66.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $189.58 on Tuesday. Palantir Technologies has a 52 week low of $53.55 and a 52 week high of $207.52. The firm has a market cap of $449.74 billion, a price-to-earnings ratio of 450.29, a P/E/G ratio of 10.11 and a beta of 2.63. The firm’s 50-day simple moving average is $176.97 and its 200 day simple moving average is $152.92.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Palantir Technologies will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at approximately $48,687,874.50. The trade was a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 81,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,527,750 shares of company stock worth $234,463,896 over the last ninety days. 9.23% of the stock is owned by company insiders.

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTR. Financial Consulate Inc. purchased a new position in shares of Palantir Technologies in the 3rd quarter worth about $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter worth about $31,000. Flagship Wealth Advisors LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter worth about $25,000. Finally, Marquette Asset Management LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter worth about $34,000. 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.