In yesterday’s Wall Street session, Palantir Technologies Inc (NYSE:PLTR) shares traded at $20.94, up 1.65% from the previous session.
PLTR stock price is now -9.56% away from the 50-day moving average and 9.92% away from the 200-day moving average. The market capitalization of the company currently stands at $46.63B.
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On March 28, 2024, Monness Crespi & Hardt Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $20, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, THIEL PETER, Director sold 5,000,000 shares of the company’s stock on May 10 ’24. The stock was sold for $103,920,000 at an average price of $20.78. Upon completion of the transaction, the Director now directly owns 15,733,625 shares in the company, valued at $329.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Director THIEL PETER sold 1,669,411 shares of the business’s stock. A total of $35,491,845 was realized by selling the stock at an average price of $21.26. This leaves the insider owning 62,851,188 shares of the company worth $1.32 billion. A total of 15.07% of the company’s stock is owned by insiders.
During the past 12 months, Palantir Technologies Inc has had a low of $9.02 and a high of $27.50. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 5.91, and a quick ratio of 5.91.
The net profit margin was 12.79% and return on equity was 9.19% for PLTR. The company reported revenue of $634.34 million for the quarter, compared to $525.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.78 percent.
