In yesterday’s Wall Street session, Palantir Technologies Inc (NASDAQ:PLTR) shares traded at $77.18, down -2.40% from the previous session.
PLTR stock price is now 23.73% away from the 50-day moving average and 112.14% away from the 200-day moving average. The market capitalization of the company currently stands at $169.27B.
With the price target of $80, UBS recently initiated with Neutral rating for Palantir Technologies Inc (NASDAQ: PLTR). On December 12, 2024, Robert W. Baird recently initiated its ‘Neutral’ rating on the stock quoting a target price of $70, while ‘Jefferies’ rates the stock as ‘Underperform’
In other news, Glazer David A., insider sold 315,126 shares of the company’s stock on Dec 12 ’24. The stock was sold for $23,099,147 at an average price of $73.30. Upon completion of the transaction, the insider now directly owns 293,411 shares in the company, valued at $22.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Cohen Stephen Andrew sold 450,000 shares of the business’s stock. A total of $33,052,573 was realized by selling the stock at an average price of $73.45. This leaves the insider owning 592 shares of the company worth $45690.56. A total of 9.74% of the company’s stock is owned by insiders.
During the past 12 months, Palantir Technologies Inc has had a low of $15.66 and a high of $84.80. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 5.67, and a quick ratio of 5.67. According to the stock market information, the enterprise value for the company is $171601133568, which is based on a 390.78 price-to-earnings ratio, a 14.19 price-to-earnings-growth ratio, and a beta of 2.83. The fifty day moving average price for PLTR is $61.672 and a two-hundred day moving average price translates $36.11845 for the stock.
The latest earnings results from Palantir Technologies Inc (NASDAQ: PLTR) was released for 2024-09-30. The net profit margin was 18.01% and return on equity was 12.40% for PLTR. The company reported revenue of $725.52 million for the quarter, compared to $558.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.98 percent.
