The price of Palantir Technologies Inc (NYSE:PLTR) shares last traded on Wall Street fell -6.86% to $61.26.
PLTR stock price is now 40.13% away from the 50-day moving average and 106.26% away from the 200-day moving average. The market capitalization of the company currently stands at $155.09B.
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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, ALEXANDER C KARP, Director bought 1,007,496 shares of the company’s stock on Nov 18 ’24. The stock was bought for $66,263,012 at an average price of $65.77. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Karp Alexander C. sold 4,500,000 shares of the business’s stock. A total of $283,964,850 was realized by selling the stock at an average price of $63.10. This leaves the insider owning 6,432,258 shares of the company worth $394.04 million. A total of 9.82% 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 $66.00. 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 $145608916992, which is based on a 310.18 price-to-earnings ratio, a 12.07 price-to-earnings-growth ratio, and a beta of 2.77. The fifty day moving average price for PLTR is $43.1844 and a two-hundred day moving average price translates $29.4792 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.
