Palantir Technologies Inc (NYSE:PLTR) shares traded 2.44% higher at $20.97 on Wall Street last session.
PLTR stock price is now -11.88% away from the 50-day moving average and 12.49% away from the 200-day moving average. The market capitalization of the company currently stands at $46.40B.
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, Palantir Technologies Inc., 10% Owner sold 12,086 shares of the company’s stock on Apr 19 ’24. The stock was sold for $4,143 at an average price of $0.34. Upon completion of the transaction, the 10% Owner now directly owns 5,273,917 shares in the company, valued at $110.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18 ’24, 10% Owner Palantir Technologies Inc. sold 16,140 shares of the business’s stock. A total of $5,283 was realized by selling the stock at an average price of $0.33. This leaves the insider owning 5,286,003 shares of the company worth $110.85 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 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.
