The stock of Palantir Technologies Inc (NYSE:PLTR) last traded at $14.22, up 0.64% from the previous session.
Data from the available sources indicates that Palantir Technologies Inc (NYSE:PLTR) is covered by 20 analysts. The consensus rating among analysts is ‘Hold’. 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 $15.40. Given the previous closing price of $14.13, this indicates a potential upside of 8.99 percent. PLTR stock price is now -11.21% away from the 50-day moving average and 26.99% away from the 200-day moving average. The market capitalization of the company currently stands at $30.60B.
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In total, 8 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $14.43 as their price target over the next twelve months.
With the price target of $16, HSBC Securities recently initiated with Hold rating for Palantir Technologies Inc (NYSE: PLTR).
In other news, Stat Lauren Elaina Friedman, Director sold 7,000 shares of the company’s stock on Sep 15. The stock was sold for $107,184 at an average price of $15.31. Upon completion of the transaction, the Director now directly owns 192,830 shares in the company, valued at $2.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, Director Stat Lauren Elaina Friedman sold 3,595 shares of the business’s stock. A total of $56,487 was realized by selling the stock at an average price of $15.71. This leaves the insider owning 61,479 shares of the company worth $0.87 million. Insiders disposed of 11,871,441 shares of company stock worth roughly $168.81 million over the past 1 year. A total of 16.08% 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 $172,277,000. ARK INVESTMENT MANAGEMENT LLC invested $97,307,000 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 $86,568,000. JERICHO CAPITAL ASSET MANAGEMENT L.P. acquired a new stake in PLTR for approximately $71,100,000. MARSHALL WACE, LLP purchased a new stake in PLTR valued at around $58,707,000 in the second quarter. In total, there are 1,079 active investors with 34.81% ownership of the company’s stock.
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 0.08, a current ratio of 5.22, and a quick ratio of 5.22. The fifty day moving average price for PLTR is $15.97 and a two-hundred day moving average price translates $11.23 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 -2.35% and return on equity was -1.81% 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.
