Stocks of Palantir Technologies Inc (NYSE:PLTR) traded higher last session on Wall Street, up 1.36% to $24.51.
PLTR stock price is now 12.62% away from the 50-day moving average and 36.67% away from the 200-day moving average. The market capitalization of the company currently stands at $54.23B.
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, Stat Lauren Elaina Friedman, Director sold 6,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $142,099 at an average price of $23.68. Upon completion of the transaction, the Director now directly owns 175,830 shares in the company, valued at $4.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’24, Director THIEL PETER sold 7,044,756 shares of the business’s stock. A total of $174,615,999 was realized by selling the stock at an average price of $24.79. This leaves the insider owning 70,806,432 shares of the company worth $1.74 billion. 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 $21.76 and a two-hundred day moving average price translates $17.93 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.
