In yesterday’s Wall Street session, Palantir Technologies Inc (NYSE:PLTR) shares traded at $24.00, up 2.17% from the previous session.
PLTR stock price is now 14.37% away from the 50-day moving average and 35.59% away from the 200-day moving average. The market capitalization of the company currently stands at $53.11B.
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With the price target maintained at $22, HSBC Securities recently Downgraded its rating from Buy to Hold for Palantir Technologies Inc (NYSE: PLTR). On February 06, 2024, Jefferies Upgraded its previous ‘Underperform’ rating to ‘Hold’ on the stock increasing its target price from $13 to quote $22, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, THIEL PETER, Director sold 7,044,756 shares of the company’s stock on Mar 12 ’24. The stock was sold for $174,615,999 at an average price of $24.79. Upon completion of the transaction, the Director now directly owns 70,806,432 shares in the company, valued at $1.7 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Planishek Heather A. sold 32,828 shares of the business’s stock. A total of $852,026 was realized by selling the stock at an average price of $25.95. This leaves the insider owning 662,006 shares of the company worth $15.89 million. A total of 15.29% of the company’s stock is owned by insiders.
During the past 12 months, Palantir Technologies Inc has had a low of $7.28 and a high of $27.50. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 5.55, and a quick ratio of 5.55. The fifty day moving average price for PLTR is $21.14 and a two-hundred day moving average price translates $17.75 for the stock.
The latest earnings results from Palantir Technologies Inc (NYSE: PLTR) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.07 by 0.01. This compares to $0.02 EPS in the same period last year. The net profit margin was 9.43% and return on equity was 6.95% for PLTR. The company reported revenue of $608.35 million for the quarter, compared to $508.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.61 percent. For the current quarter, analysts expect PLTR to generate $625.33M in revenue.
