How should investors evaluate Palantir Technologies Inc (NYSE:PLTR)?

In yesterday’s Wall Street session, Palantir Technologies Inc (NYSE:PLTR) shares traded at $28.46, down -0.42% from the previous session.

PLTR stock price is now 18.25% away from the 50-day moving average and 35.15% away from the 200-day moving average. The market capitalization of the company currently stands at $63.38B.

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With the price target enhanced from $21 to $22, Mizuho Downgraded its rating from Neutral to Underperform for Palantir Technologies Inc (NYSE: PLTR). On June 21, 2024, Monness Crespi & Hardt Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $20, while ‘Argus’ rates the stock as ‘Buy’

In other news, Palantir Technologies Inc., 10% Owner sold 23,600 shares of the company’s stock on Jul 19 ’24. The stock was sold for $2,150 at an average price of $0.09. Upon completion of the transaction, the 10% Owner now directly owns 10,268,389 shares in the company, valued at $292.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18 ’24, Glazer David A. sold 90,000 shares of the business’s stock. A total of $2,642,742 was realized by selling the stock at an average price of $29.36. This leaves the insider owning 298,012 shares of the company worth $8.48 million. A total of 12.56% of the company’s stock is owned by insiders.

During the past 12 months, Palantir Technologies Inc has had a low of $13.68 and a high of $29.83. 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 $24.4058 and a two-hundred day moving average price translates $21.3103 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.

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