Palantir Technologies Inc (NASDAQ:PLTR) has a beta value of 2.74 and has seen 31.98 million shares traded in the recent trading session. The company, currently valued at $199.11B, closed the recent trade at $84.89 per share which meant it gained $0.49 on the day or 0.59% during that session. The PLTR stock price is -47.73% off its 52-week high price of $125.41 and 76.05% above the 52-week low of $20.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 95.87 million shares traded. The 3-month trading volume is 98.97 million shares.
The consensus among analysts is that Palantir Technologies Inc (PLTR) is Buy stock at the moment, with a recommendation rating of 2.81. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 14 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.13.
Palantir Technologies Inc (NASDAQ:PLTR) trade information
Sporting 0.59% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PLTR stock price touched $84.89 or saw a rise of 12.75%. Year-to-date, Palantir Technologies Inc shares have moved 12.25%, while the 5-day performance has seen it change -12.03%. Over the past 30 days, the shares of Palantir Technologies Inc (NASDAQ:PLTR) have changed 1.77%. Short interest in the company has seen 60.16 million shares shorted with days to cover at 0.49.
Wall Street analysts have a consensus price target for the stock at $82, which means that the shares’ value could drop -3.52% from the levels at last check today. The projected low price target is $60.0 while the price target rests at a high of $105.0. In that case, then, we find that the latest price level in today’s session is -23.69% off the targeted high while a plunge would see the stock lose 29.32% from the levels at last check today.
Palantir Technologies Inc (PLTR) estimates and forecasts
The company’s shares have gained 130.44% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 31.67%.
15 analysts offering their estimates for the company have set an average revenue estimate of 864.09M for the current quarter. 15 have an estimated revenue figure of 902.59M for the next ending quarter. Year-ago sales stood 634.34M and 678.13M respectively for this quarter and the next, and analysts expect sales will grow by 36.22% for the current quarter and 31.67% for the next. Earnings growth for 2025 is a modest 32.55% while over the next 5 years, the company’s earnings are expected to increase by 30.16%.
PLTR Dividends
Palantir Technologies Inc is expected to release its next earnings report on 2025-Feb-02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
Insiders own 3.67% of the company shares, while shares held by institutions stand at 53.65% with a share float percentage of 55.70%. Investors are also buoyed by the number of investors in a company, with Palantir Technologies Inc having a total of 2446.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 201.59 million shares worth more than $5.11 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.1072% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 119.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.03 billion and represent 5.3664% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. As of Dec 31, 2024, the former fund manager holds about 2.98% shares in the company for having 64.91 shares of worth $5.53 billion while later fund manager owns 55.49 shares of worth $4.73 billion as of Dec 31, 2024, which makes it owner of about 2.54% of company’s outstanding stock.
