In yesterday’s Wall Street session, Palantir Technologies Inc (NASDAQ:PLTR) shares traded at $75.44, down -4.48% from the previous session.
PLTR stock price is now 6.10% away from the 50-day moving average and 86.02% away from the 200-day moving average. The market capitalization of the company currently stands at $171.85B.
With the price target enhanced from $75 to $90, Wedbush maintained Outperform rating for Palantir Technologies Inc (NASDAQ: PLTR). On January 17, 2025, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $72, while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, Schiff Alexandra W., Director sold 4,000 shares of the company’s stock on Jan 07 ’25. The stock was sold for $286,540 at an average price of $71.63. Upon completion of the transaction, the Director now directly owns 195,393 shares in the company, valued at $14.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 07 ’25, Director ALEXANDRA SCHIFF bought 4,000 shares of the business’s stock. A total of $303,680 was incurred on buying the stock at an average price of $75.92. 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 $16.03 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. The fifty day moving average price for PLTR is $70.796 and a two-hundred day moving average price translates $40.2916 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. For the current quarter, analysts expect PLTR to generate $776.78M in revenue.
