Palantir Technologies Inc (NYSE:PLTR) shares traded -1.66% lower at $21.32 on Wall Street last session.
PLTR stock price is now -3.92% away from the 50-day moving average and 10.27% away from the 200-day moving average. The market capitalization of the company currently stands at $47.48B.
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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, Sankar Shyam, insider sold 50,000 shares of the company’s stock on May 23 ’24. The stock was sold for $1,044,275 at an average price of $20.89. Upon completion of the transaction, the insider now directly owns 752,786 shares in the company, valued at $16.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, Karp Alexander C. sold 43,417 shares of the business’s stock. A total of $924,574 was realized by selling the stock at an average price of $21.30. This leaves the insider owning 6,432,258 shares of the company worth $137.14 million. A total of 14.46% of the company’s stock is owned by insiders.
During the past 12 months, Palantir Technologies Inc has had a low of $13.56 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 fifty day moving average price for PLTR is $22.1266 and a two-hundred day moving average price translates $19.3635 for the stock.
The latest earnings results from Palantir Technologies Inc (NYSE: PLTR) was released for 2024-03-31. 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.
