The price of Palantir Technologies Inc (NYSE:PLTR) shares last traded on Wall Street rose 3.17% to $60.24.
PLTR stock price is now 47.99% away from the 50-day moving average and 110.76% away from the 200-day moving average. The market capitalization of the company currently stands at $143.39B.
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With the price target maintained at $28, Jefferies recently Downgraded its rating from Hold to Underperform for Palantir Technologies Inc (NYSE: PLTR). , while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, DAVID STAT, Director bought 8,860 shares of the company’s stock on Nov 08 ’24. The stock was bought for $495,097 at an average price of $55.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Director Stat Lauren Elaina Friedman sold 8,054 shares of the business’s stock. A total of $406,646 was realized by selling the stock at an average price of $50.49. This leaves the insider owning 130,250 shares of the company worth $7.85 million. A total of 10.02% 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 $58.48. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 5.67, and a quick ratio of 5.67. According to the stock market information, the enterprise value for the company is $133011456000, which is based on a 305.01 price-to-earnings ratio, a 11.87 price-to-earnings-growth ratio, and a beta of 2.78. The fifty day moving average price for PLTR is $40.131 and a two-hundred day moving average price translates $28.3635 for the stock.
The latest earnings results from Palantir Technologies Inc (NYSE: PLTR) was released for 2024-09-30. The net profit margin was 18.01% and return on equity was 12.40% for PLTR. The company reported revenue of $725.52 million for the quarter, compared to $558.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.98 percent. For the current quarter, analysts expect PLTR to generate $769.39M in revenue.
