Palantir Technologies (NYSE:PLTR) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of – for the period. The company issued revenue guidance of $360 million-$360 million, compared to the consensus revenue estimate of $344.31 million.
Several equities research analysts have weighed in on the company. Morgan Stanley increased their price target on Palantir Technologies from $17.00 to $19.00 and gave the stock an underweight rating in a research report on Wednesday, February 17th. They noted that the move was a valuation call. Jefferies Financial Group cut their price target on Palantir Technologies from $40.00 to $28.00 and set a buy rating on the stock in a research report on Wednesday, May 12th. They noted that the move was a valuation call. Credit Suisse Group started coverage on Palantir Technologies in a research report on Tuesday, March 16th. They set an underperform rating and a $20.00 target price on the stock. The Goldman Sachs Group upgraded Palantir Technologies from a neutral rating to a buy rating and lifted their price objective for the stock from $13.00 to $34.00 in a report on Wednesday, February 17th. Finally, Wolfe Research decreased their target price on shares of Palantir Technologies from $23.00 to $20.00 and set a market perform rating on the stock in a research note on Wednesday, May 12th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $21.44.
Shares of NYSE:PLTR traded down $0.03 during trading on Tuesday, hitting $22.92. The company’s stock had a trading volume of 401,202 shares, compared to its average volume of 75,537,711. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.88 and a current ratio of 3.88. The business has a 50 day moving average price of $21.86 and a two-hundred day moving average price of $25.13. The company has a market capitalization of $43.02 billion and a PE ratio of 120.79. Palantir Technologies has a fifty-two week low of $8.90 and a fifty-two week high of $45.00.
Palantir Technologies (NYSE:PLTR) last issued its earnings results on Tuesday, May 11th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $341.20 million for the quarter, compared to analyst estimates of $332.22 million. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. As a group, equities analysts expect that Palantir Technologies will post 0.08 earnings per share for the current fiscal year.
In related news, insider Shyam Sankar sold 50,000 shares of the business’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $21.00, for a total value of $1,050,000.00. Following the completion of the sale, the insider now directly owns 2,782,392 shares of the company’s stock, valued at $58,430,232. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 638,629 shares of the business’s stock in a transaction on Thursday, May 6th. The shares were sold at an average price of $20.14, for a total transaction of $12,861,988.06. Following the completion of the sale, the insider now directly owns 7,068,787 shares of the company’s stock, valued at $142,365,370.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,306,723 shares of company stock valued at $138,644,584. Insiders own 17.00% of the company’s stock.
Palantir Technologies Company Profile
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
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