In the latest trading session, 33,351,009 Palantir Technologies Inc. (NYSE:PLTR) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $21.43 changing hands around -$0.51 or -0.02% at last look, the market valuation stands at $38.99 Billion. PLTR’s current price is a discount, trading about -109.99% off its 52-week high of $45. The share price had its 52-week low at $8.9, which suggests the last value was 58.47% up since then. When we look at Palantir Technologies Inc.’s average trading volume, we note the 10-day average is 55.73 Million shares, with the 3-month average coming to 86.64 Million.
Analysts gave the Palantir Technologies Inc. (PLTR) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.3. If we narrow down to specifics, the data shows that 3 out of 8 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 3 recommended PLTR as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Palantir Technologies Inc.’s EPS for the current quarter is expected to be $0.04.
Palantir Technologies Inc. (NYSE:PLTR) trade information
Although PLTR has turned red as seen in intraday trades today. With action -2.32%, the performance over the past five days has been red. The jump to weekly highs of $26.20 on Wednesday, Apr 14 added 18.23% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.09%, with the 5-day performance at -0.16% in the red. However, in the 30-day time frame, Palantir Technologies Inc. (NYSE:PLTR) is -0.12% down. Looking at the short shares, we see there were 57.74 Million shares sold at short interest cover period of 0.67 days.
The consensus price target for the stock as assigned by Wall Street analysts is $25.83, meaning bulls need an upside of 20.53% from its recent market value. According to analyst projections, PLTR’s forecast low is $15 with $40 as the target high. To hit the forecast high, the stock’s price needs a +86.65% upsurge from its latest level, while the stock would need to tank -30% for it to hit the projected low.
Palantir Technologies Inc. (PLTR) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Palantir Technologies Inc. earnings to decrease by -83.3%, but the outlook for the next 5-year period is at 49.39% per year.
Palantir Technologies Inc. (NYSE:PLTR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.33% of Palantir Technologies Inc. shares while 18.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.58%. There are 503 institutions holding the Palantir Technologies Inc. stock share, with Disruptive Technology Advisers, LLC the top institutional holder. As of Dec 30, 2020, the company held 2.34% of the shares, roughly 41.01 Million PLTR shares worth $965.81 Million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 1.9% or 33.35 Million shares worth $785.41 Million as of Dec 30, 2020.
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Among Mutual Funds, the top two as of Mar 30, 2021 were ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. With 12834160 shares estimated at $298.91 Million under it, the former controlled 0.73% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 0.36% of the shares, roughly 6.25 Million shares worth around $147.15 Million.