Palantir Technologies Inc (NYSE:PLTR) shares traded 0.98% higher at $37.20 on Wall Street last session.
PLTR stock price is now 18.57% away from the 50-day moving average and 52.61% away from the 200-day moving average. The market capitalization of the company currently stands at $83.31B.
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On August 22, 2024, Northland Capital recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $35, while ‘Monness Crespi & Hardt’ rates the stock as ‘Sell’
In other news, THIEL PETER, Director bought 4,181,118 shares of the company’s stock on Sep 30 ’24. The stock was bought for $154,032,387 at an average price of $36.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 27 ’24, 10% Owner Palantir Technologies Inc. sold 4,102 shares of the business’s stock. A total of $5,314 was realized by selling the stock at an average price of $1.30. This leaves the insider owning 1,462,397 shares of the company worth $54.4 million. A total of 12.01% of the company’s stock is owned by insiders.
During the past 12 months, Palantir Technologies Inc has had a low of $14.48 and a high of $38.19. 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. According to the stock market information, the enterprise value for the company is $79654961152, which is based on a 218.95 price-to-earnings ratio, a 3.80 price-to-earnings-growth ratio, and a beta of 2.72. The fifty day moving average price for PLTR is $31.5474 and a two-hundred day moving average price translates $24.4742 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.
