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These Numbers Show Favorable Signs for Palantir Technologies Inc (PLTR)

Palantir Technologies Inc (NYSE: PLTR) is 32.32% higher on its value in year-to-date trading and has touched a low of $7.28 and a high of $27.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PLTR stock was last observed hovering at around $22.86 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $22.72, the stock is -7.32% and 0.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 39.6 million and changing -0.61% at the moment leaves the stock 25.18% off its SMA200. PLTR registered 178.77% gain for a year compared to 6-month gain of 42.00%. The firm has a 50-day simple moving average (SMA 50) of $21.05 and a 200-day simple moving average (SMA200) of $170.96.

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The stock witnessed a -8.86% loss in the last 1 month and extending the period to 3 months gives it a 32.32%, and is -7.30% 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 4.70% over the week and 4.38% over the month.

Palantir Technologies Inc (PLTR) has around 3735 employees, a market worth around $50.27B and $2.23B in sales. Current P/E ratio is 251.61 and Fwd P/E is 57.18. Profit margin for the company is 9.43%. Distance from 52-week low is 212.09% and -17.38% from its 52-week high. The company has generated returns on investments over the last 12 months (5.75%).

Palantir Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $625.33M over the same period.The EPS is expected to grow by 32.10% this year, but quarterly earnings will post 21.90% year-over-year. Quarterly sales are estimated to grow 19.10% in year-over-year returns.

Palantir Technologies Inc (PLTR) Top Institutional Holders

1,307 institutions hold shares in Palantir Technologies Inc (PLTR), with institutional investors hold 44.15% of the company’s shares. The shares outstanding are 2.10B, and float is at 1.87B with Short Float at 4.41%. Institutions hold 41.42% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 168.58 million shares valued at $2.58 billion. The investor’s holdings represent 8.23% of the PLTR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 103.05 million shares valued at $1.58 billion to account for 5.03% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 39.8 million shares representing 1.94% and valued at over $610.12 million, while State Street Corporation holds 1.75% of the shares totaling 35.82 million with a market value of $549.06 million.

Palantir Technologies Inc (PLTR) Insider Activity

The most recent transaction is an insider sale by Stat Lauren Elaina Friedman,the company’sDirector. SEC filings show that Stat Lauren Elaina Friedman sold 6,000 shares of the company’s common stock on Mar 15 ’24 at a price of $23.68 per share for a total of $0.14 million. Following the sale, the insider now owns 0.18 million shares.

Palantir Technologies Inc disclosed in a document filed with the SEC on Mar 12 ’24 that THIEL PETER (Director) sold a total of 7,044,756 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $24.79 per share for $174.62 million. Following the transaction, the insider now directly holds 70.81 million shares of the PLTR stock.

Still, SEC filings show that on Mar 06 ’24, Planishek Heather A. () disposed off 32,828 shares at an average price of $25.95 for $0.85 million. The insider now directly holds 662,006 shares of Palantir Technologies Inc (PLTR).

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