Palantir Technologies Inc (NYSE:PLTR) shares traded 0.47% higher at $64.65 on Wall Street last session.
PLTR stock price is now 39.04% away from the 50-day moving average and 110.43% away from the 200-day moving average. The market capitalization of the company currently stands at $154.45B.
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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 9,746 shares of the company’s stock on Nov 25 ’24. The stock was bought for $627,155 at an average price of $64.35. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Planishek Heather A. sold 14,635 shares of the business’s stock. A total of $901,637 was realized by selling the stock at an average price of $61.61. This leaves the insider owning 547,371 shares of the company worth $35.39 million. A total of 9.85% 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 $143057534976, which is based on a 327.34 price-to-earnings ratio, a 12.74 price-to-earnings-growth ratio, and a beta of 2.82. The fifty day moving average price for PLTR is $45.9316 and a two-hundred day moving average price translates $30.52095 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.
