The stock of Palantir Technologies Inc (NYSE:PLTR) last traded at $19.08, down -0.63% 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 $16.00. Given the previous closing price of $19.20, this indicates a potential downside of -16.67 percent. PLTR stock price is now 12.17% away from the 50-day moving average and 41.83% away from the 200-day moving average. The market capitalization of the company currently stands at $41.52B.
In total, 7 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $15.66 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, Sankar Shyam, insider sold 321,167 shares of the company’s stock on Nov 22. The stock was sold for $6,345,457 at an average price of $19.76. Upon completion of the transaction, the insider now directly owns 827,786 shares in the company, valued at $15.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, Glazer David A. sold 205,400 shares of the business’s stock. A total of $4,052,586 was realized by selling the stock at an average price of $19.73. This leaves the insider owning 4,344 shares of the company worth $82883.52. Insiders disposed of 11,103,169 shares of company stock worth roughly $211.85 million over the past 1 year. A total of 16.16% of the company’s stock is owned by insiders.
With an opening price of $19.13 on Monday morning, Palantir Technologies Inc (NYSE: PLTR) set off the trading day. During the past 12 months, Palantir Technologies Inc has had a low of $5.84 and a high of $21.85. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 5.53, and a quick ratio of 5.53. The fifty day moving average price for PLTR is $17.01 and a two-hundred day moving average price translates $13.45 for the stock.
The latest earnings results from Palantir Technologies Inc (NYSE: PLTR) was released for Sep, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.07, beating analysts’ expectations of $0.06 by 0.01. This compares to -$0.06 EPS in the same period last year. The net profit margin was 6.93% and return on equity was 5.28% for PLTR. The company reported revenue of $558.16 million for the quarter, compared to $477.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.8 percent. For the current quarter, analysts expect PLTR to generate $602.55M in revenue.
