In today’s recent session, 26.17 million shares of the Palantir Technologies Inc (NASDAQ:PLTR) have been traded, and its beta is 2.79. Most recently the company’s share price was $116.92, and it changed around $0.27 or 0.23% from the last close, which brings the market valuation of the company to $266.33B. PLTR at last check was trading at a discount to its 52-week high of $116.76, offering almost 0.14% off that amount. The share price’s 52-week low was $20.33, which indicates that the recent value has risen by an impressive 82.61% since then. We note from Palantir Technologies Inc’s average daily trading volume that its 10-day average is 105.96 million shares, with the 3-month average coming to 86.09 million.
Palantir Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.96. If we narrow it down even further, the data shows that 4 out of 23 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 14 recommended PLTR as a Hold, whereas 2 deemed it a Buy, and 2 rated it as Underweight. Palantir Technologies Inc is expected to report earnings per share of 0.13 for the current quarter.
Palantir Technologies Inc (NASDAQ:PLTR) trade information
Instantly PLTR has been showing a green trend so far today with a performance of 0.23% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 118.66 on recent trading dayincreased the stock’s daily price by 1.47%. The company’s shares are currently up 54.59% year-to-date, but still up 12.60% over the last five days. On the other hand, Palantir Technologies Inc (NASDAQ:PLTR) is 73.83% up in the 30-day period. We can see from the shorts that 83.79 million shares have been sold at a short interest cover period of 0.94 day(s).
The consensus price target as assigned by Wall Street analysts is $75, which translates to bulls needing to decrease their stock price by -55.89% from its current value. Analyst projections state that PLTR is forecast to be at a low of $35 and a high of $105.
Palantir Technologies Inc (PLTR) estimates and forecasts
The year-over-year growth rate is expected to be 31.97%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 874.36M in revenue for the current quarter. 14 analysts expect Palantir Technologies Inc to make 908.75M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 634.34M and 678.13M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 37.84%. Forecasts for the next quarter put sales growth at 34.01%.
Palantir Technologies Inc earnings are expected to increase by 30.46% in 2025, but the outlook is positive 30.07% per year for the next five years.
PLTR Dividends
Palantir Technologies Inc’s next quarterly earnings report is expected to be released in March.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.11% of Palantir Technologies Inc shares, and 52.16% of them are in the hands of institutional investors. The stock currently has a share float of 54.97%. Palantir Technologies Inc stock is held by 2100.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.1072% of the shares, which is about 201.59 million shares worth $5.11 billion.
BLACKROCK INC., with 5.4101% or 119.76 million shares worth $3.03 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 64.51 shares worth $7.43 billion, making up 2.96% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 52.44 shares worth around $6.04 billion, which represents about 2.40% of the total shares outstanding.
