In the last trading session, 70.02 million shares of the Palantir Technologies Inc (NASDAQ:PLTR) were traded, and its beta was 2.64. Most recently the company’s share price was $138.20, and it changed around -$3.21 or -2.27% from the last close, which brings the market valuation of the company to $326.14B. PLTR currently trades at a discount to its 52-week high of $144.86, offering almost -4.82% off that amount. The share price’s 52-week low was $21.23, which indicates that the current value has risen by an impressive 84.64% since then. We note from Palantir Technologies Inc’s average daily trading volume that its 10-day average is 85.78 million shares, with the 3-month average coming to 100.90 million.
Palantir Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 4 out of 26 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 16 recommended PLTR as a Hold, whereas 3 deemed it a Buy, and 2 rated it as Underweight. Palantir Technologies Inc is expected to report earnings per share of 0.14 for the current quarter.
Palantir Technologies Inc (NASDAQ:PLTR) trade information
Instantly PLTR has showed a red trend with a performance of -2.27% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 144.86 on recent trading dayincreased the stock’s daily price by 4.6%. The company’s shares are currently up 82.73% year-to-date, but still up 4.06% over the last five days. On the other hand, Palantir Technologies Inc (NASDAQ:PLTR) is 6.70% up in the 30-day period. We can see from the shorts that 44.64 million shares have been sold at a short interest cover period of 0.45 day(s).
The consensus price target as assigned by Wall Street analysts is $102.5, which translates to bulls needing to decrease their stock price by -34.83% from its current value. Analyst projections state that PLTR is forecast to be at a low of $60 and a high of $155.
Palantir Technologies Inc (PLTR) estimates and forecasts
The year-over-year growth rate is expected to be 35.96%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 939.29M in revenue for the current quarter. 18 analysts expect Palantir Technologies Inc to make 980.36M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 678.13M and 725.52M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 38.51%. Forecasts for the next quarter put sales growth at 35.13%.
Palantir Technologies Inc earnings are expected to increase by 41.80% in 2025, but the outlook is positive 33.10% per year for the next five years.
PLTR Dividends
Palantir Technologies Inc’s next quarterly earnings report is expected to be released on 2025-May-04.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.64% of Palantir Technologies Inc shares, and 55.83% of them are in the hands of institutional investors. The stock currently has a share float of 57.95%. Palantir Technologies Inc stock is held by 2742.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.0335% of the shares, which is about 201.59 million shares worth $5.11 billion.
BLACKROCK INC., with 5.3664% or 119.76 million shares worth $3.03 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
