The price of Palantir Technologies Inc (NYSE:PLTR) shares last traded on Wall Street fell -0.77% to $23.13.
PLTR stock price is now 5.10% away from the 50-day moving average and 18.40% away from the 200-day moving average. The market capitalization of the company currently stands at $51.51B.
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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, Moore Alexander D., Director sold 20,422 shares of the company’s stock on Jun 10 ’24. The stock was sold for $468,546 at an average price of $22.94. Upon completion of the transaction, the Director now directly owns 1,587,707 shares in the company, valued at $36.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07 ’24, Director Woersching Eric H. sold 26,000 shares of the business’s stock. A total of $606,193 was realized by selling the stock at an average price of $23.32. This leaves the insider owning 38,843 shares of the company worth $0.9 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 $22.0104 and a two-hundred day moving average price translates $19.57485 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.
