In yesterday’s Wall Street session, Palantir Technologies Inc (NYSE:PLTR) shares traded at $43.40, down -0.25% from the previous session.
PLTR stock price is now 26.48% away from the 50-day moving average and 69.38% away from the 200-day moving average. The market capitalization of the company currently stands at $97.19B.
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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, DAVID STAT, Director bought 7,321 shares of the company’s stock on Oct 11 ’24. The stock was bought for $318,610 at an average price of $43.52. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04 ’24, Taylor Ryan D. sold 195,500 shares of the business’s stock. A total of $7,820,704 was realized by selling the stock at an average price of $40.00. This leaves the insider owning 331,369 shares of the company worth $14.38 million. A total of 10.08% 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 $44.38. 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 $93539573760, which is based on a 255.44 price-to-earnings ratio, a 10.41 price-to-earnings-growth ratio, and a beta of 2.72. The fifty day moving average price for PLTR is $34.3126 and a two-hundred day moving average price translates $25.62235 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.
