Palantir Technologies Inc (NYSE: PLTR) is 78.16% higher on its value in year-to-date trading and has touched a low of $13.68 and a high of $33.12 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 $30.51 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $30.59, the stock is -0.09% and 8.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.32 million and changing 0.26% at the moment leaves the stock 33.40% off its SMA200. PLTR registered 101.52% gain for a year compared to 6-month gain of 28.48%.
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The stock witnessed a 26.98% loss in the last 1 month and extending the period to 3 months gives it a 38.42%, and is -0.81% 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 4.10% over the week and 4.43% over the month.
Palantir Technologies Inc (PLTR) has around 3735 employees, a market worth around $68.50B and $2.48B in sales. Current P/E ratio is 180.05 and Fwd P/E is 72.57. Profit margin for the company is 16.32%. Distance from 52-week low is 123.61% and -7.65% from its 52-week high. The company has generated returns on investments over the last 12 months (9.49%).
Palantir Technologies Inc quarterly earnings per share for the current quarter are estimated at 0.09 with sales reaching $701.13M over the same period.The EPS is expected to grow by 41.83% this year, but quarterly earnings will post 24.00% year-over-year.
1558.0 institutions hold shares in Palantir Technologies Inc (PLTR), with institutional investors hold 44.76% of the company’s shares. The shares outstanding are 2.10B, and float is at 1.97B with Short Float at 3.05%. Institutions hold 42.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 201.59 million shares valued at $5.11 billion. The investor’s holdings represent 9.1072 of the PLTR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 119.76 million shares valued at $3.03 billion to account for 5.4101 of the shares outstanding. The other top investors are STATE STREET CORP which holds 42.01 million shares representing 1.8981 and valued at over $1.06 billion, while RENAISSANCE TECHNOLOGIES LLC holds 1.7852 of the shares totaling 39.52 million with a market value of $1.0 billion.
Palantir Technologies Inc (PLTR) Insider Activity
The most recent transaction is an insider sale by Palantir Technologies Inc., the company’s 10% Owner. SEC filings show that Palantir Technologies Inc. sold 156,629 shares of the company’s common stock on Sep 03 ’24 at a price of $0.07 per share for a total of $10212.0. Following the sale, the insider now owns 9.17 million shares.
Palantir Technologies Inc disclosed in a document filed with the SEC on Aug 30 ’24 that Palantir Technologies Inc. (10% Owner) sold a total of 140,125 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $0.06 per share for $8772.0. Following the transaction, the insider now directly holds 9.33 million shares of the PLTR stock.
Still, SEC filings show that on Sep 04 ’24, Palantir Technologies Inc. (10% Owner) disposed off 43,211 shares at an average price of $0.07 for $2956.0. The insider now directly holds 9,131,350 shares of Palantir Technologies Inc (PLTR).
