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Sunday, April 2, 2023

Searching For Real Value In Market Debris At Palantir Technologies Inc. (NYSE: PLTR)

After Hours

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. After-hours trades for Palantir Technologies Inc. (PLTR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -1.04%, to $7.61. The Palantir Technologies Inc. has recorded 724,457 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Department of State Selects Palantir to Modernize Data Management for the Bureau of Medical Services.

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Stocks Info

Palantir Technologies Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $7.69 and fluctuated between $8.26 as its day high and $7.68 as its day low. The current market capitalization of Palantir Technologies Inc. is $15.46B. A total of 28.62 million shares were traded on the day, compared to an average of 42.39M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PLTR has seen 9 BUY and 19 SELL insider trades, representing the acquisition of 990,281 and the disposition of 1,707,399 shares. Over the last 12 months, there were 35 BUYs and 76 SELLs from insiders. Insiders purchased 4,883,995 shares during that period but sold 6,848,284.

In the most recent transaction, Moore Alexander D. sold 21,900 shares of PLTR for 7.75 per share on Mar 01. After the transaction, the Director now owns 1,901,952 company shares. In a previous transaction on Feb 24, Sankar Shyam sold 50,000 shares at 8.05 per share. PLTR shares that insider owns now total 1,701,224.

Among the insiders who sold shares, Karp Alexander C. disposed of 164,373 shares on Feb 23 at a per-share price of $8.13. This resulted in the insider holding 6,432,258 shares of PLTR after the transaction. In another insider transaction, Cohen Stephen Andrew sold 140,632 shares at $8.13 per share on Feb 23. Company shares held by the insider now total 592.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PLTR in the last 3 months, the mean price target is $8.71 with high estimates of $15.00 and low estimates of $5.00. In terms of 52-week highs and lows, PLTR has a high of $14.86 and a low of $5.84.

As of this writing, PLTR has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.04 per share and a lower estimate of $0.01. The company reported an EPS of -$0.01 in the last quarter, which was -133.30% lower than expectations of $0.03.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 18 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 2.67. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 10 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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