Palantir Technologies Inc (NYSE:PLTR) shares traded 2.02% higher at $36.31 on Wall Street last session.
PLTR stock price is now 22.64% away from the 50-day moving average and 54.76% away from the 200-day moving average. The market capitalization of the company currently stands at $81.31B.
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With the price target of $35, Northland Capital recently initiated with Market Perform rating for Palantir Technologies Inc (NYSE: PLTR). On August 06, 2024, Monness Crespi & Hardt reiterated its ‘Sell’ rating on the stock by increasing its target price from $20 to quote $18, while ‘Mizuho’ rates the stock as ‘Underperform’
In other news, Palantir Technologies Inc., 10% Owner sold 8,300 shares of the company’s stock on Sep 12 ’24. The stock was sold for $12,421 at an average price of $1.50. Upon completion of the transaction, the 10% Owner now directly owns 1,515,122 shares in the company, valued at $55.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, 10% Owner Palantir Technologies Inc. sold 6,673 shares of the business’s stock. A total of $8,979 was realized by selling the stock at an average price of $1.35. This leaves the insider owning 1,503,318 shares of the company worth $54.59 million. A total of 12.03% 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 $36.01. 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 $29.788 and a two-hundred day moving average price translates $23.5456 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.
