Palantir Technologies Inc (NYSE:PLTR)’s traded shares stood at 19.77 million during the latest session, with the company’s beta value hitting 2.71. At the last check today, the stock’s price was $39.65, to imply an increase of 1.04% or $0.41 in intraday trading. The PLTR share’s 52-week high remains $39.29, putting it 0.91% up since that peak but still an impressive 63.48% since price per share fell to its 52-week low of $14.48. The company has a valuation of $88.79B, with an average of 93.44 million shares in intraday trading volume over the past 10 days and average of 59.44 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Palantir Technologies Inc (PLTR), translating to a mean rating of 3.13. Of 14 analyst(s) looking at the stock, 3 analyst(s) give PLTR a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.09.
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Palantir Technologies Inc (NYSE:PLTR) trade information
After registering a 1.04% upside in the latest session, Palantir Technologies Inc (PLTR) has traded red over the past five days. The 5-day price performance for the stock is 7.63%, and 31.47% over 30 days. With these gigs, the year-to-date price performance is 130.93%. Short interest in Palantir Technologies Inc (NYSE:PLTR) saw shorts transact 67.11 million shares and set a 1.35 days time to cover.
The extremes give us $4.5 and $50 for target low and target high price respectively. As such, PLTR has been trading -26.1% off suggested target high and 88.65% from its likely low.
Palantir Technologies Inc (PLTR) estimates and forecasts
Looking at statistics comparing Palantir Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. Palantir Technologies Inc (PLTR) shares are 72.69% up over the last 6 months, with its year-to-date growth rate higher than industry average at 44.00% against 18.10%. Revenue is forecast to grow 28.60% this quarter before jumping 12.50% for the next one. The rating firms project that company’s revenue will grow 24.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 701.13M. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 741.44M.
PLTR Dividends
Palantir Technologies Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Palantir Technologies Inc (NYSE:PLTR)’s Major holders
Palantir Technologies Inc insiders hold 5.16% of total outstanding shares, with institutional holders owning 42.43% of the shares at 44.74% float percentage. In total, 42.43% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 201.59 million shares (or 9.1072% of shares), all amounting to roughly $5.11 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 119.76 million shares, or about 5.4101% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.03 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Palantir Technologies Inc (PLTR) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 63.95 shares. This is just over 2.99% of the total shares, with a market valuation of $2.53 billion. Data from the same date shows that the other fund manager holds a little less at 43.08, or 2.01% of the shares, all valued at about 1.71 billion.
