Palantir Technologies Inc (NYSE: PLTR) Is Getting Increasingly Hard To Ignore

Currently, there are 2.00B common shares owned by the public and among those 1.83B shares have been available to trade.

Insiders at the company have transacted a total of 116 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 10,260,459 shares. Insider sales of the common stock occurred on 86 occasions, with total insider shares sold totaling 9,508,273 shares.

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However, the script later moved the day high at 25.11, down -0.53%. The company’s stock has a 5-day price change of 43.24% and 31.86% over the past three months. PLTR shares are trading 41.99% year to date (YTD), with the 12-month market performance up to 196.59% higher. It has a 12-month low price of $7.19 and touched a high of $25.06 over the same period. PLTR has an average intraday trading volume of 2.20 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 37.74%, 37.75%, and 53.68% respectively.

Institutional ownership of Palantir Technologies Inc (NYSE: PLTR) shares accounts for 38.05% of the company’s 2.00B shares outstanding.

It has a market capitalization of $53.05B and a beta (3y monthly) value of 2.74. The stock’s trailing 12-month PE ratio is 269.99, while the earnings-per-share (ttm) stands at $0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.26% over the week and 5.13% over the month.

Analysts forecast that Palantir Technologies Inc (PLTR) will achieve an EPS of $0.08 for the current quarter, $0.08 for the next quarter and $0.39 for 2025. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 32.20%, and 19.75% over the next financial year.

Looking at the support for the PLTR, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on February 06, 2024, with the firm’s price target at $13-$22.

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