Palantir Technologies Inc (NASDAQ: PLTR) is 37.29% higher on its value in year-to-date trading and has touched a low of $16.48 and a high of $85.22 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 $83.74 in the last trading session, with the day’s gains setting it 20.09%.
Currently trading at $103.83, the stock is 36.97% and 40.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 229.68 million and changing 23.99% at the moment leaves the stock 144.62% off its SMA200. PLTR registered 535.82% gain for a year compared to 6-month gain of 319.68%. The firm has a 50-day simple moving average (SMA 50) of $73.1136 and a 200-day simple moving average (SMA200) of $42.0334.
The stock witnessed a 38.09% loss in the last 1 month and extending the period to 3 months gives it a 149.83%, and is 29.42% 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 5.21% over the week and 5.17% over the month.
Palantir Technologies Inc (PLTR) has around 3735 employees, a market worth around $236.53B and $2.87B in sales. Current P/E ratio is 552.58 and Fwd P/E is 156.20. Profit margin for the company is 16.13%. Distance from 52-week low is 530.04% and 21.84% from its 52-week high. The company has generated returns on investments over the last 12 months (8.89%).
The EPS is expected to grow by 27.56% this year.
Palantir Technologies Inc (PLTR) Top Institutional Holders
2100.0 institutions hold shares in Palantir Technologies Inc (PLTR), with institutional investors hold 54.97% of the company’s shares. The shares outstanding are 2.28B, and float is at 2.06B with Short Float at 4.08%. Institutions hold 52.16% 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
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Still, SEC filings show that on Jan 07 ’25, Schiff Alexandra W. (Director) disposed off 4,000 shares at an average price of $71.63 for $0.29 million. The insider now directly holds 195,393 shares of Palantir Technologies Inc (PLTR).
