The price of Palantir Technologies Inc (NYSE:PLTR) shares last traded on Wall Street fell -2.63% to $24.09.
PLTR stock price is now -4.30% away from the 50-day moving average and 11.75% away from the 200-day moving average. The market capitalization of the company currently stands at $53.65B.
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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 10,066 shares of the company’s stock on Aug 02 ’24. The stock was sold for $705 at an average price of $0.07. Upon completion of the transaction, the 10% Owner now directly owns 10,073,971 shares in the company, valued at $242.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Director LAUREN STAT bought 3,050 shares of the business’s stock. A total of $82,014 was incurred on buying the stock at an average price of $26.89. A total of 12.07% 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 $25.2306 and a two-hundred day moving average price translates $21.58765 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.
