Palantir Technologies Inc (NYSE:PLTR) shares traded -2.10% lower at $29.38 on Wall Street last session.
PLTR stock price is now 13.88% away from the 50-day moving average and 34.67% away from the 200-day moving average. The market capitalization of the company currently stands at $65.80B.
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With the price target reduced from $20 to $18, Monness Crespi & Hardt maintained Sell rating for Palantir Technologies Inc (NYSE: PLTR). On July 16, 2024, Mizuho Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock increasing its target price from $21 to quote $22, while ‘Monness Crespi & Hardt’ rates the stock as ‘Sell’
In other news, DAVID GLAZER, Officer bought 107,500 shares of the company’s stock on Aug 12 ’24. The stock was bought for $3,226,075 at an average price of $30.01. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, 10% Owner Palantir Technologies Inc. sold 17,358 shares of the business’s stock. A total of $988 was realized by selling the stock at an average price of $0.06. This leaves the insider owning 9,866,754 shares of the company worth $289.89 million. 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 $30.36. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 5.92, and a quick ratio of 5.92. The fifty day moving average price for PLTR is $25.9532 and a two-hundred day moving average price translates $21.8795 for the stock.
The latest earnings results from Palantir Technologies Inc (NYSE: PLTR) was released for 2024-06-30. The net profit margin was 16.32% and return on equity was 11.55% for PLTR. The company reported revenue of $678.13 million for the quarter, compared to $533.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.15 percent. For the current quarter, analysts expect PLTR to generate $701.26M in revenue.
