The price of Palantir Technologies Inc (NYSE:PLTR) shares last traded on Wall Street fell -1.22% to $41.41.
PLTR stock price is now 8.48% away from the 50-day moving average and 50.04% away from the 200-day moving average. The market capitalization of the company currently stands at $93.54B.
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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, Palantir Technologies Inc., 10% Owner sold 381,487 shares of the company’s stock on Oct 31 ’24. The stock was sold for $42,803 at an average price of $0.11. Upon completion of the transaction, the 10% Owner now directly owns 4,280,911 shares in the company, valued at $177.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, 10% Owner Palantir Technologies Inc. sold 337,174 shares of the business’s stock. A total of $35,774 was realized by selling the stock at an average price of $0.11. This leaves the insider owning 3,943,737 shares of the company worth $163.31 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 $15.66 and a high of $45.14. 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 $89083060224, which is based on a 243.73 price-to-earnings ratio, a 9.94 price-to-earnings-growth ratio, and a beta of 2.70. The fifty day moving average price for PLTR is $37.9808 and a two-hundred day moving average price translates $27.4764 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.
