Palantir Technologies (NASDAQ:PLTR) Stock Price Expected to Rise, Mizuho Analyst Says

Palantir Technologies (NASDAQ:PLTR) had its target price upped by Mizuho from $80.00 to $94.00 in a report published on Tuesday morning, MarketBeat.com reports. They currently have an underperform rating on the stock.

PLTR has been the topic of several other research reports. UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Royal Bank of Canada reissued an “underperform” rating and issued a $40.00 price objective on shares of Palantir Technologies in a research note on Tuesday, April 29th. Bank of America lifted their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price objective for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Palantir Technologies in a research note on Monday, March 3rd. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.95.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $119.32 on Tuesday. Palantir Technologies has a one year low of $20.50 and a one year high of $125.41. The company has a market cap of $279.85 billion, a P/E ratio of 628.04, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The business has a fifty day moving average of $93.57 and a two-hundred day moving average of $81.48.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period in the prior year, the business posted $0.08 earnings per share. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. Sell-side analysts predict that Palantir Technologies will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. The trade was a 99.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,978,181 shares of company stock worth $252,115,667 in the last quarter. 12.93% of the stock is owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently bought and sold shares of the business. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the 1st quarter valued at $25,000. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth about $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC raised its holdings in shares of 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 buying an additional 265 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after acquiring an additional 185 shares in 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.