Palantir Technologies Inc. (NYSE:PLTR) shares traded 0.20% higher at $15.21 on Wall Street last session.
In accordance with the data, 18 analysts cover Palantir Technologies Inc. (NYSE:PLTR). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $5.00, we find $14.00. Given the previous closing price of $15.18, this indicates a potential downside of -7.77 percent. PLTR stock price is now -5.47% away from the 50-day moving average and 42.69% away from the 200-day moving average. The market capitalization of the company currently stands at $32.28B.
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It has been rated a hold by 6 analysts and a buy by 2. Brokers who have rated the stock have averaged $13.73 as their price target over the next twelve months.
With the price target enhanced from $8 to $9, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for Palantir Technologies Inc. (NYSE: PLTR).
In other news, Planishek Heather A., insider sold 27,226 shares of the company’s stock on Aug 29. The stock was sold for $416,656 at an average price of $15.30. Upon completion of the transaction, the insider now directly owns 762,006 shares in the company, valued at $11.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24, Taylor Ryan D. sold 30,049 shares of the business’s stock. A total of $431,085 was realized by selling the stock at an average price of $14.35. This leaves the insider owning 336,656 shares of the company worth $5.12 million. Insiders disposed of 9,601,912 shares of company stock worth roughly $146.05 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PLTR stock. A new stake in Palantir Technologies Inc. shares was purchased by SCOUT INVESTMENTS, INC. during the first quarter worth $184,271,000. ARK INVESTMENT MANAGEMENT LLC invested $104,082,000 in shares of PLTR during the first quarter. In the first quarter, NIKKO ASSET MANAGEMENT AMERICAS, INC. acquired a new stake in Palantir Technologies Inc. valued at approximately $92,595,000. JERICHO CAPITAL ASSET MANAGEMENT L.P. acquired a new stake in PLTR for approximately $76,050,000. MARSHALL WACE, LLP purchased a new stake in PLTR valued at around $62,794,000 in the second quarter. In total, there are 1,079 active investors with 34.90% ownership of the company’s stock.
Palantir Technologies Inc. (NYSE: PLTR) opened at $15.08 on Tuesday. During the past 12 months, Palantir Technologies Inc. has had a low of $5.84 and a high of $20.24. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.20, and a quick ratio of 5.20. The fifty day moving average price for PLTR is $16.11 and a two-hundred day moving average price translates $10.69 for the stock.
The latest earnings results from Palantir Technologies Inc. (NYSE: PLTR) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.05, inline with analysts’ expectations of $0.05. This compares to -$0.09 EPS in the same period last year. The net profit margin was -2.40% and return on equity was -1.80% for PLTR. The company reported revenue of $533.32 million for the quarter, compared to $473.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.75 percent. For the current quarter, analysts expect PLTR to generate $555.36M in revenue.
Palantir Technologies Inc.(PLTR) 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 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. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that enables customers to deploy their own software virtually in any environment. Palantir Technologies Inc. was incorporated in 2003 and is based in Denver, Colorado.
