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Friday, September 29, 2023

Are Things Looking Up For 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 -$0.04, or -0.26%, to $15.09. The Palantir Technologies Inc. has recorded 345,533 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Policlinico Gemelli and Palantir Technologies Partner to Use AI to Advance Data Science for Healthcare.

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Stocks Info

The company is listed on the NYSE and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $15.13 and fluctuated between $15.61 as its day high and $15.09 as its day low. The current market capitalization of Palantir Technologies Inc. is $32.71B. A total of 33.81 million shares were traded on the day, compared to an average of 69.48M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PLTR has seen 11 BUY and 24 SELL insider trades, representing the acquisition of 3,811,752 and the disposition of 4,316,790 shares. Over the last 12 months, there were 38 BUYs and 90 SELLs from insiders. Insiders purchased 9,768,730 shares during that period but sold 11,858,036.

In the most recent transaction, Woersching Eric H. sold 7,000 shares of PLTR for 15.17 per share on Sep 05. After the transaction, the Director now owns 57,233 company shares. In a previous transaction on Sep 01, Moore Alexander D. sold 21,900 shares at 15.09 per share. PLTR shares that Director owns now total 1,765,019.

Among the insiders who sold shares, Planishek Heather A. disposed of 27,226 shares on Aug 29 at a per-share price of $15.30. This resulted in the insider holding 762,006 shares of PLTR after the transaction. In another insider transaction, Taylor Ryan D. sold 30,049 shares at $14.35 per share on Aug 24. Company shares held by the insider now total 336,656.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PLTR in the last 3 months, the mean price target is $13.73 with high estimates of $25.00 and low estimates of $5.00. In terms of 52-week highs and lows, PLTR has a high of $20.24 and a low of $5.84.

As of this writing, PLTR has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.05. The company reported an EPS of $0.05 in the last quarter, which was 25.00% higher than expectations of $0.04.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PLTR’s latest balance sheet shows that the firm has $2.52B in Cash & Short Term Investments as of fiscal 2021. There were $260.07M in debt and $660.06M in liabilities at the time. Its Book Value Per Share was $1.39, while its Total Shareholder’s Equity was $2.29B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 2.57.

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