Palantir Technologies Inc. (NYSE: PLTR) is -7.73% lower on its value in year-to-date trading and has touched a low of $8.90 and a high of $45.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLTR stock was last observed hovering at around $22.58 in the last trading session, with the day’s loss setting it -0.85% off its average median price target of $23.50 for the next 12 months. It is also 45.67% off the consensus price target high of $40.00 offered by 8 analysts, but current levels are -44.87% lower than the price target low of $15.00 for the same period.
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Currently trading at $21.73, the stock is -10.79% and -22.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 57.27 million and changing -3.76% at the moment leaves the stock -3.17% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $26.48 and a 200-day simple moving average (SMA200) of $22.44.
The stock witnessed a -9.08% in the last 1 month and extending the period to 3 months gives it a -21.69%, and is -10.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.35% over the week and 7.28% over the month.
Palantir Technologies Inc. (PLTR) has around 2439 employees, a market worth around $39.60B and $1.09B in sales. Fwd P/E is 104.98. Distance from 52-week low is 144.16% and -51.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-67.50%).
Palantir Technologies Inc. (PLTR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Palantir Technologies Inc. (PLTR) is an “Underweight”. 8 analysts offering their recommendations for the stock have an average rating of 3.40, where 2 rates it as a Hold and 0 think it is an “Overweight”. 2 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
Palantir Technologies Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $332.26M over the same period. The EPS is expected to shrink by -83.30% this year, but quarterly earnings will post 35.20% year-over-year.
Palantir Technologies Inc. (PLTR) Top Institutional Holders
178 institutions hold shares in Palantir Technologies Inc. (PLTR), with 237.66M shares held by insiders accounting for 13.04% while institutional investors hold 14.41% of the company’s shares. The shares outstanding are 1.79B, and float is at 1.36B with Short Float at 3.34%. Institutions hold 12.53% of the Float.
The top institutional shareholder in the company is Disruptive Technology Advisers, LLC with over 41.01 million shares valued at $965.81 million. The investor’s holdings represent 2.34% of the PLTR Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 33.35 million shares valued at $785.41 million to account for 1.90% of the shares outstanding. The other top investors are 72 Investment Holdings, LLC which holds 29.2 million shares representing 1.67% and valued at over $687.75 million, while Vanguard Group, Inc. (The) holds 1.17% of the shares totaling 20.55 million with a market value of $483.84 million.
Palantir Technologies Inc. (PLTR) Insider Activity
A total of 178 insider transactions have happened at Palantir Technologies Inc. (PLTR) in the last six months, with sales accounting for 130 and purchases happening 48 times. The most recent transaction is an insider sale by Cohen Stephen Andrew. SEC filings show that Cohen Stephen Andrew sold 140,455 shares of the company’s common stock on Mar 16 at a price of $26.07 per share for a total of $3.66 million. Following the sale, the insider now owns 63192.0 shares.
Palantir Technologies Inc. disclosed in a document filed with the SEC on Mar 01 that Moore Alexander D. (Director) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $24.97 per share for $0.3 million. Following the transaction, the insider now directly holds 2.26 million shares of the PLTR stock.
Still, SEC filings show that on Feb 23, Sankar Shyam disposed off 50,000 shares at an average price of $26.22 for $1.31 million. The insider now directly holds 2,879,793 shares of Palantir Technologies Inc. (PLTR).