The stock of Palantir Technologies Inc (NYSE:PLTR) last traded at $18.40, down -9.23% 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 $18.00. Given the previous closing price of $20.27, this indicates a potential downside of -11.2 percent. PLTR stock price is now 5.18% away from the 50-day moving average and 33.96% away from the 200-day moving average. The market capitalization of the company currently stands at $40.04B.
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 $16.03 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, Taylor Ryan D., insider sold 30,573 shares of the company’s stock on Nov 24. The stock was sold for $589,084 at an average price of $19.27. Upon completion of the transaction, the insider now directly owns 181,460 shares in the company, valued at $3.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, Sankar Shyam sold 321,167 shares of the business’s stock. A total of $6,345,457 was realized by selling the stock at an average price of $19.76. This leaves the insider owning 827,786 shares of the company worth $15.23 million. Insiders disposed of 11,134,069 shares of company stock worth roughly $204.87 million over the past 1 year. A total of 16.21% of the company’s stock is owned by insiders.
With an opening price of $19.75 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 $17.49 and a two-hundred day moving average price translates $13.74 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.
