In Monday’s Wall Street session, Palantir Technologies Inc (NASDAQ:PLTR) shares traded at $90.68, down -10.53% from the previous session.
PLTR stock price is now 6.44% away from the 50-day moving average and 88.07% away from the 200-day moving average. The market capitalization of the company currently stands at $212.68B.
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With the price target of $141, Loop Capital recently initiated with Buy rating for Palantir Technologies Inc (NASDAQ: PLTR). On February 04, 2025, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $60 to quote $95, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Planishek Heather A., insider sold 18,537 shares of the company’s stock on Feb 20 ’25. The stock was sold for $1,896,727 at an average price of $102.32. Upon completion of the transaction, the insider now directly owns 493,469 shares in the company, valued at $44.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’25, See Remarks Planishek Heather A. sold 3,868 shares of the business’s stock. A total of $411,170 was realized by selling the stock at an average price of $106.30. This leaves the insider owning 489,601 shares of the company worth $44.4 million. A total of 9.59% of the company’s stock is owned by insiders.
During the past 12 months, Palantir Technologies Inc has had a low of $20.33 and a high of $125.41. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 5.96, and a quick ratio of 5.96.
The net profit margin was 16.13% and return on equity was 10.90% for PLTR. The company reported revenue of $827.52 million for the quarter, compared to $608.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.03 percent. For the current quarter, analysts expect PLTR to generate $873.88M in revenue.
