Palantir Technologies Inc is a software company that provides a software platform called Palantir Gotham to help counterterrorism investigations and operations. It assists the intelligence community in identifying patterns within datasets and helps to execute responses to identified threats. The company recently released their Q1 2023 EPS estimates, which forecasts that the company will post earnings per share of $0.00 for the quarter. A number of other equity analysts have also weighed in on the stock. Additionally, insiders have sold 191,562 shares of company stock worth $1,842,051, while institutional investors have recently modified their holdings of the company. Interested parties can sign up for MarketBeat.com’s free daily email newsletter to stay up-to-date with the latest news and analyst ratings for Palantir Technologies and related companies.
Palantir Technologies Q1 2023 Earnings Estimated to be $0.00 Per Share, According to William Blair
William Blair, a renowned research and investment banking firm, recently released a report stating that Palantir Technologies Inc. (NYSE: PLTR) is estimated to have zero earnings per share (EPS) for the first quarter of 2023. The firm’s analyst, L. Dipalma, provided the estimate, and currently rates the stock as “Underperform.”
Palantir Technologies Inc. is a software company that specializes in big data analytics. According to William Blair’s report, Palantir Technologies is expected to have earnings per share of $0.05 for the full year of 2023, with Q2 2023 earnings estimated at $0.01 EPS, Q3 2023 earnings at $0.02 EPS, and Q4 2023 earnings at $0.03 EPS. The report also included estimates for the fiscal year of 2023 and 2024, which are $0.07 EPS and $0.10 EPS, respectively.
Various other equity analysts have shared their opinions on Palantir Technologies in recent times. For instance, Mizuho increased the price target of the stock from $7.00 to $8.00, and Credit Suisse Group has a “neutral” rating with a $11.00 price target. Jefferies Financial Group downgraded the stock from “buy” to “hold” and reduced the price target from $9.00 to $7.50. In contrast, DA Davidson recently gave Palantir Technologies a “neutral” rating and a $8.00 price objective.
Palantir Technologies stock has been on the rise since the report was released. The stock saw a 2.8% increase after the release of the report, and it currently has a “Hold” consensus rating on MarketBeat.com.
Palantir Technologies: Shares Open at $8.22, 12-Month High of $14.86
Palantir Technologies Inc. (NYSE: PLTR) began trading at $8.22 on Wednesday, with a fifty-day moving average of $8.08 and a 200-day moving average of $7.68. The company has a market capitalization of $17.27 billion, a negative price-to-earnings ratio of -43.26, and a P/E/G ratio of 3.11. Palantir Technologies has a beta of 2.87 and a twelve-month low of $5.84 and a twelve-month high of $14.86.
In its most recent earnings release on February 13th, Palantir Technologies reported earnings per share of $0.04 for the quarter, surpassing analysts’ estimates of $0.03 by $0.01. The company had a revenue of $508.62 million during the quarter, which was higher than analysts’ estimate of $504.84 million. Palantir Technologies had a negative net margin of 19.61% and a negative return on equity of 11.90%. The company’s quarterly revenue increased by 17.5% compared to the same quarter last year, and its earnings per share was $0.02 in the same quarter of the previous year.
Insider buying and selling information for Palantir Technologies is not provided in the current article.
Palantir Technologies Insiders Sell Shares, Institutional Investors Modify Holdings
Palantir Technologies Inc. insiders have sold shares in the company recently. On February 21st, insider Jeffrey Buckley sold 4,636 shares of Palantir Technologies stock at an average price of $8.55, for a total value of $39,637.80. Following the sale, the insider now owns 334,051 shares in the company, valued at approximately $2,856,136.05. Meanwhile, Director Lauren Elaina Friedman Stat sold 7,000 shares of the business’s stock on January 3rd at an average price of $6.38, for a total transaction of $44,660.00. Following the transaction, the director now directly owns 213,830 shares in the company, valued at approximately $1,364,235.40. In the last three months, insiders have sold 191,562 shares of company stock worth $1,842,051. Insiders own 13.22% of the company’s stock.
Institutional investors have also recently made changes to their holdings of the company. Resurgent Financial Advisors LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $28,000, while Exos TFP Holdings LLC acquired a new position in the 3rd quarter valued at about $35,000. Romano Brothers AND Company acquired a new position in Palantir Technologies in the 4th quarter valued at about $39,000. Quadrant Capital Group LLC grew its stake in Palantir Technologies by 39.3% in the 2nd quarter and now owns 4,694 shares of the company’s stock valued at $43,000 after buying an additional 1,324 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in Palantir Technologies in the 3rd quarter valued at about $45,000. Currently, 31.90% of the stock is owned by institutional investors and hedge funds.
Palantir Technologies is a software company specializing in big data analytics. As of February 13th, the company had reported earnings per share of $0.04 for the quarter, with a revenue of $508.62 million. The company’s net margin is negative, but its quarterly revenue increased by 17.5% compared to the same quarter last year. The company’s insiders have recently sold shares, while institutional investors have modified their holdings.
Palantir Technologies Inc is a software company that creates and deploys software platforms for the intelligence community in the United States to help counterterrorism investigations and operations. The company provides a software platform called Palantir Gotham, which allows users to identify hidden patterns within datasets and provides a seamless transfer of information between analysts and operational users. This helps operators to plan and execute responses to identified threats. To stay up-to-date with the latest news and analyst ratings for Palantir Technologies and related companies, interested parties can sign up for MarketBeat.com’s free daily email newsletter.
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