The price of Palantir Technologies Inc (NYSE:PLTR) shares last traded on Wall Street rose 0.25% to $44.97.
PLTR stock price is now 21.13% away from the 50-day moving average and 66.89% away from the 200-day moving average. The market capitalization of the company currently stands at $100.71B.
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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, ALEXANDER C KARP, Director bought 3,337,048 shares of the company’s stock on Oct 28 ’24. The stock was bought for $149,699,973 at an average price of $44.86. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25 ’24, Director ALEXANDER C KARP bought 1,706,841 shares of the business’s stock. A total of $74,349,994 was incurred on buying the stock at an average price of $43.56. 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 $45.07. 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 $97055514624, which is based on a 264.69 price-to-earnings ratio, a 10.79 price-to-earnings-growth ratio, and a beta of 2.71. The fifty day moving average price for PLTR is $37.1244 and a two-hundred day moving average price translates $26.9463 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.
