Stocks of Prologis Inc (NYSE:PLD) traded higher last session on Wall Street, down -3.02% to $120.30.
PLD stock price is now 4.43% away from the 50-day moving average and 2.37% away from the 200-day moving average. The market capitalization of the company currently stands at $114.31B.
On January 06, 2025, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock reducing its target price from $124 to quote $123, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Ghazal Joseph, Chief Investment Officer sold 10,997 shares of the company’s stock on Feb 05 ’25. The stock was sold for $1,305,784 at an average price of $118.74. Upon completion of the transaction, the Chief Investment Officer now directly owns 7,977 shares in the company, valued at $0.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 05 ’25, Officer Ghazal Joseph bought 10,997 shares of the business’s stock. A total of $1,305,830 was incurred on buying the stock at an average price of $118.74. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Prologis Inc has had a low of $100.82 and a high of $135.76.
The net profit margin was 45.43% and return on equity was 6.97% for PLD. The company reported revenue of $2.2 billion for the quarter, compared to $1.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.48 percent.
