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. Recently, Yahoo Finance discussed the stock, revealing that Palantir Wins Dresner Advisory Services 2023 Technology Innovation Award in Multiple Categories.
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Stocks Info
The company is listed on the NYSE and operates within the Software – Infrastructure industry segment. The current market capitalization of Palantir Technologies Inc is $54.03B. A total of 46.92 million shares were traded on the day, compared to an average of 69.19M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 65 SELLs from insiders. Insiders purchased 9,270,178 shares during that period but sold 7,746,642.
In the most recent transaction, Sankar Shyam sold 50,000 shares of PLTR for 23.57 per share on Feb 22. After the transaction, the insider now owns 752,786 company shares. In a previous transaction on Feb 21, Karp Alexander C. sold 213,846 shares at 22.65 per share. PLTR shares that the insider owns now total 6,432,258.
Among the insiders who sold shares, Cohen Stephen Andrew disposed of 181,098 shares on Feb 21 at a per-share price of $22.65. This resulted in the insider holding 592 shares of PLTR after the transaction. In another insider transaction, Sankar Shyam sold 89,562 shares at $22.65 per share on Feb 21. Company shares held by the insider now total 752,786.
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 $18.79 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 $25.52 and a low of $7.19.
As of this writing, PLTR has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.1 per share and a lower estimate of $0.07. 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
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 $1.58, 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 2.71.
