Palantir Technologies Inc. (NASDAQ:PLTR) Given Average Rating of “Moderate Buy” by Brokerages

Palantir Technologies Inc. (NASDAQ:PLTR) has been given an average rating of “Moderate Buy” by the thirty-one research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, seventeen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $195.16.

A number of equities analysts recently commented on the company. Piper Sandler reissued an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Wedbush reissued an “outperform” rating and set a $230.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. DZ Bank assumed coverage on Palantir Technologies in a research note on Thursday, April 23rd. They set a “buy” rating and a $175.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price target on shares of Palantir Technologies in a research note on Thursday. Finally, Benchmark assumed coverage on Palantir Technologies in a research note on Wednesday, April 1st. They set a “hold” rating for the company.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 168,004 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. The trade was a 20.72% 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. Also, insider Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the transaction, the insider owned 43,108 shares of the company’s stock, valued at approximately $5,564,380.64. This trade represents a 2.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,029,479 shares of company stock worth $137,685,797. 9.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently modified their holdings of PLTR. Norges Bank purchased a new position in shares of Palantir Technologies in the 4th quarter worth approximately $5,149,641,000. Jennison Associates LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $1,574,111,000. Vanguard Group Inc. lifted its stake in shares of Palantir Technologies by 4.0% during the 3rd 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. Arrowstreet Capital Limited Partnership lifted its stake in shares of Palantir Technologies by 277.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Palantir Technologies by 7.2% during the 3rd 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. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Rosenblatt reportedly views Palantir’s recent pullback as a buying opportunity, pointing to the company’s strong execution and continued AI-driven growth narrative. Rosenblatt Sees the Pullback in Palantir Stock (PLTR) as a Buying Opportunity, Here’s Why
• Positive Sentiment: Several recent pieces highlight Palantir’s record quarterly results, including 85% revenue growth and expanding margins, reinforcing the view that business momentum remains exceptionally strong. Palantir Technologies (NASDAQ: PLTR)
• Positive Sentiment: Market commentary says Palantir’s expanding customer base and rising U.S. commercial adoption continue to support its enterprise AI growth story. PLTR’s Customer Growth Momentum Strengthens Enterprise AI Expansion
• Neutral Sentiment: New autocallable ETFs tied to Palantir launched this week, adding more trading products linked to the stock but not changing the underlying business outlook. GraniteShares Expands Autocallable ETF Lineup with Launch of PLTR and HOOD ETFs
• Negative Sentiment: Bearish articles continue to warn that Palantir is “priced for perfection” and may be vulnerable if growth slows or expectations cool further. Palantir Technologies: Priced For Perfection, And That’s Concerning
• Negative Sentiment: Some analysts and commentators are also flagging valuation risk and competition from AI labs like OpenAI and Anthropic as longer-term threats to the PLTR story. Palantir Faces a Bigger Threat Than Valuation: AI Labs Like Anthropic and OpenAI Are Disrupting the PLTR Stock Story

Palantir Technologies Trading Up 1.4%

Shares of Palantir Technologies stock opened at $137.15 on Thursday. The stock has a 50 day moving average of $143.45 and a 200 day moving average of $158.35. Palantir Technologies has a 12 month low of $118.93 and a 12 month high of $207.52. The firm has a market cap of $328.79 billion, a PE ratio of 154.10, a PEG ratio of 2.15 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was up 84.7% on a year-over-year basis. As a group, equities research analysts forecast that Palantir Technologies will post 1.18 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.