The price of Palantir Technologies Inc (NYSE:PLTR) shares last traded on Wall Street rose 0.17% to $23.00.
PLTR stock price is now 0.21% away from the 50-day moving average and 25.81% away from the 200-day moving average. The market capitalization of the company currently stands at $50.89B.
With the price target maintained at $20, Monness Crespi & Hardt recently Downgraded its rating from Neutral to Sell for Palantir Technologies Inc (NYSE: PLTR). On February 14, 2024, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $22, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Moore Alexander D., Director sold 20,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $454,694 at an average price of $22.73. Upon completion of the transaction, the Director now directly owns 1,615,519 shares in the company, valued at $37.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Director Schiff Alexandra W. sold 5,000 shares of the business’s stock. A total of $113,717 was realized by selling the stock at an average price of $22.74. This leaves the insider owning 186,783 shares of the company worth $4.3 million. A total of 15.31% 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 $23.08 and a two-hundred day moving average price translates $18.32 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.
