Palantir Technologies Inc (NASDAQ:PLTR) shares traded -1.03% lower at $66.39 on Wall Street last session.
PLTR stock price is now 35.86% 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 $153.60B.
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With the price target maintained at $28, Jefferies recently Downgraded its rating from Hold to Underperform for Palantir Technologies Inc (NASDAQ: PLTR). , while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Sankar Shyam, Officer bought 30,000 shares of the company’s stock on Nov 29 ’24. The stock was bought for $1,976,700 at an average price of $65.89. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Director Stat Lauren Elaina Friedman sold 9,746 shares of the business’s stock. A total of $650,740 was realized by selling the stock at an average price of $66.77. This leaves the insider owning 111,644 shares of the company worth $7.41 million. A total of 9.84% 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 $67.88. 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 $147021283328, which is based on a 336.15 price-to-earnings ratio, a 12.21 price-to-earnings-growth ratio, and a beta of 2.87. The fifty day moving average price for PLTR is $48.2826 and a two-hundred day moving average price translates $31.3454 for the stock.
The latest earnings results from Palantir Technologies Inc (NASDAQ: 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.
