In yesterday’s Wall Street session, Palantir Technologies Inc (NASDAQ:PLTR) shares traded at $75.75, down -0.42% from the previous session.
PLTR stock price is now 35.42% away from the 50-day moving average and 122.78% away from the 200-day moving average. The market capitalization of the company currently stands at $179.33B.
With the price target of $70, Robert W. Baird recently initiated with Neutral rating for Palantir Technologies Inc (NASDAQ: PLTR). On November 07, 2024, Jefferies Downgraded its previous ‘Hold’ rating to ‘Underperform’ on the stock keeping its target price maintained at $28, while ‘Argus’ rates the stock as ‘Hold’
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 $22.23 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 $44844.0. 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 $80.91. 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 $168343568384, which is based on a 383.54 price-to-earnings ratio, a 13.93 price-to-earnings-growth ratio, and a beta of 2.86. The fifty day moving average price for PLTR is $55.2234 and a two-hundred day moving average price translates $33.7474 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.
