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Wednesday, February 8, 2023

Analysts Point To Palantir Technologies Inc. (NYSE: PLTR) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Palantir Technologies Inc. (PLTR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.45%, to $6.76. The Palantir Technologies Inc. has recorded 223,926 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Cleveland Clinic and Palantir Technologies Partner to Improve Hospital Performance Through Virtual Command Center.

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Stocks Info

As a NYSE listed company, PLTR falls under the Technology sector while operating within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $6.73 and fluctuated between $6.89 as its day high and $6.67 as its day low. The current market capitalization of Palantir Technologies Inc. is $14.10B. A total of 24.78 million shares were traded on the day, compared to an average of 32.65M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PLTR has seen 8 BUY and 18 SELL insider trades, representing the acquisition of 2,155,328 and the disposition of 2,505,738 shares. Over the last 12 months, there were 30 BUYs and 73 SELLs from insiders. Insiders purchased 4,408,968 shares during that period but sold 6,186,965.

In the most recent transaction, Stat Lauren Elaina Friedman sold 7,000 shares of PLTR for 6.38 per share on Jan 03. After the transaction, the Director now owns 213,830 company shares. In a previous transaction on Dec 07, Karp Alexander C. sold 809,398 shares at 7.13 per share. PLTR shares that insider owns now total 6,432,258.

Among the insiders who sold shares, Karp Alexander C. disposed of 809,398 shares on Dec 06 at a per-share price of $7.00. This resulted in the insider holding 6,432,258 shares of PLTR after the transaction. In another insider transaction, Sankar Shyam sold 50,000 shares at $7.24 per share on Nov 25. Company shares held by the insider now total 1,855,012.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PLTR in the last 3 months, the mean price target is $8.51 with high estimates of $15.00 and low estimates of $4.50. In terms of 52-week highs and lows, PLTR has a high of $15.55 and a low of $5.92.

As of this writing, PLTR has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.03. The company reported an EPS of $0.02 in the last quarter, which was -50.00% lower than expectations of $0.04.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PLTR is Underweight with a score of 2.60. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 5 thought it should be Sold.

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