Palantir Technologies Inc (PLTR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Palantir Reports Its Fifth Consecutive Quarter of GAAP Profitability; Fourth Quarter GAAP EPS of $0.04.

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Stocks Info

This NYSE-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of Palantir Technologies Inc is $47.59B. A total of 419.6 million shares were traded on the day, compared to an average of 55.98M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PLTR has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 3,330,804 and the disposition of 9,000 shares. Over the last 12 months, there were 30 BUYs and 86 SELLs from insiders. Insiders purchased 10,260,459 shares during that period but sold 9,508,273.

In the most recent transaction, Moore Alexander D. sold 21,900 shares of PLTR for 16.25 per share on Feb 01. After the transaction, the Director now owns 1,655,519 company shares. In a previous transaction on Feb 01, Schiff Alexandra W. sold 4,000 shares at 16.20 per share. PLTR shares that Director owns now total 196,783.

Among the insiders who sold shares, Palantir Technologies Inc. disposed of 19,700 shares on Jan 10 at a per-share price of $1.29. This resulted in the 10% Owner holding 5,365,794 shares of PLTR after the transaction. In another insider transaction, Palantir Technologies Inc. sold 28,353 shares at $1.38 per share on Jan 09. Company shares held by the 10% Owner now total 5,385,494.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PLTR in the last 3 months, the mean price target is $18.07 with high estimates of $30.00 and low estimates of $5.00. In terms of 52-week highs and lows, PLTR has a high of $21.85 and a low of $7.19.

As of this writing, PLTR has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.08 per share and a lower estimate of $0.05. The company reported an EPS of $0.07 in the last quarter, which was 16.70% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $1.47, while its Total Shareholder’s Equity was $2.29B.

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, 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 2.50.

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