FY2025 EPS Estimates for PLTR Boosted by Cantor Fitzgerald

Palantir Technologies Inc. (NASDAQ:PLTR) – Equities research analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimates for Palantir Technologies in a research report issued on Tuesday, February 4th. Cantor Fitzgerald analyst T. Blakey now anticipates that the company will earn $0.37 per share for the year, up from their prior forecast of $0.32. Cantor Fitzgerald currently has a “Neutral” rating and a $98.00 target price on the stock. The consensus estimate for Palantir Technologies’ current full-year earnings is $0.19 per share.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. Palantir Technologies’s revenue was up 30.0% on a year-over-year basis.

Several other research firms also recently commented on PLTR. The Goldman Sachs Group raised their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Bank of America raised their price objective on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, DA Davidson raised their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.89.

Palantir Technologies Stock Performance

PLTR stock opened at $103.83 on Wednesday. Palantir Technologies has a fifty-two week low of $16.48 and a fifty-two week high of $106.91. The business’s 50-day moving average is $74.09 and its two-hundred day moving average is $51.39. The company has a market cap of $236.53 billion, a price-to-earnings ratio of 519.18, a P/E/G ratio of 7.54 and a beta of 2.81.

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $353,967,157.74. The trade was a 41.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on 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 completion of the transaction, the insider now owns 592 shares in the company, valued at $42,002.40. This represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,153,753 shares of company stock valued at $1,287,042,675. Insiders own 12.93% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwest Investment Counselors LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC grew its stake in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies during the 4th quarter valued at about $28,000. Finally, Wolff Wiese Magana LLC grew its stake in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

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.