Palantir Technologies Inc (NYSE: PLTR) is 24.87% higher on its value in year-to-date trading and has touched a low of $9.02 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 $20.94 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $21.44, the stock is -1.85% and -7.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 57.33 million and changing 2.39% at the moment leaves the stock 12.40% off its SMA200. PLTR registered 125.68% gain for a year compared to 6-month gain of 9.00%.
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The stock witnessed a -2.10% loss in the last 1 month and extending the period to 3 months gives it a -10.70%, and is 0.19% up 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 3.76% over the week and 4.09% over the month.
Palantir Technologies Inc (PLTR) has around 3735 employees, a market worth around $47.75B and $2.33B in sales. Current P/E ratio is 169.22 and Fwd P/E is 54.15. Profit margin for the company is 12.79%. Distance from 52-week low is 137.69% and -22.04% from its 52-week high. The company has generated returns on investments over the last 12 months (7.58%).
with sales reaching $651.21M over the same period.The EPS is expected to grow by 31.57% this year, but quarterly earnings will post 21.40% year-over-year. Quarterly sales are estimated to grow 22.20% in year-over-year returns.
Palantir Technologies Inc (PLTR) Top Institutional Holders
The shares outstanding are 2.10B, and float is at 1.89B with Short Float at 4.16%.
Palantir Technologies Inc (PLTR) Insider Activity
The most recent transaction is an insider sale by THIEL PETER,the company’sDirector. SEC filings show that THIEL PETER sold 5,000,000 shares of the company’s common stock on May 10 ’24 at a price of $20.78 per share for a total of $103.92 million. Following the sale, the insider now owns 15.73 million shares.
Palantir Technologies Inc disclosed in a document filed with the SEC on May 09 ’24 that THIEL PETER (Director) sold a total of 1,669,411 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $21.26 per share for $35.49 million. Following the transaction, the insider now directly holds 62.85 million shares of the PLTR stock.
Still, SEC filings show that on May 08 ’24, THIEL PETER (Director) disposed off 6,285,833 shares at an average price of $21.33 for $134.08 million. The insider now directly holds 64,520,599 shares of Palantir Technologies Inc (PLTR).
