Currently, there are 2.10B common shares owned by the public and among those 1.85B shares have been available to trade.
Insiders at the company have transacted a total of 86 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 9,270,178 shares. Insider sales of the common stock occurred on 65 occasions, with total insider shares sold totaling 7,746,642 shares.
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However, the script later moved the day high at 24.07, down -2.63%. The company’s stock has a 5-day price change of -9.60% and 16.01% over the past three months. PLTR shares are trading 33.78% year to date (YTD), with the 12-month market performance up to 174.76% higher. It has a 12-month low price of $7.19 and touched a high of $25.52 over the same period. PLTR has an average intraday trading volume of 69.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.12%, 22.91%, and 38.28% respectively.
Institutional ownership of Palantir Technologies Inc (NYSE: PLTR) shares accounts for 39.25% of the company’s 2.10B shares outstanding.
It has a market capitalization of $50.86B and a beta (3y monthly) value of 2.77. The stock’s trailing 12-month PE ratio is 254.37, 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 4.49% over the week and 5.67% 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 $0.1. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 32.16%, and 19.98% over the next financial year.
Looking at the support for the PLTR, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on February 14, 2024, with the firm’s price target at $22. Jefferies coverage for the Palantir Technologies Inc (PLTR) stock in a research note released on February 06, 2024 offered a Hold rating with a price target of $22. Citigroup was of a view on February 06, 2024 that the stock is Neutral, while Jefferies gave the stock Underperform rating on January 05, 2024, issuing a price target of $18- $13. HSBC Securities on their part issued Hold rating on September 15, 2023.
