What Palantir Technologies Inc. (PLTR) Insiders Are Up To

Palantir Technologies Inc. (NYSE:PLTR) finished Tuesday with an addition of $0.04 to close at $23.21, an upside of 0.17 percent. An average of 48,362,480 shares of common stock have been traded in the last five days. There was a fall of -$2.13 in the past week. The last 20 days have seen an average of 58,985,520 shares traded, while the 50-day average volume stands at 49,798,441.

PLTR stock has decreased by -12.88% in the last month. The company shares reached their 1-month lowest point of $23.02 on 10/04/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $8.90 and a high of $45.00 in 52 weeks. In spite of this, the price is down -48.42% from the 52-week high.

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Insider Transactions

5 days have passed since Palantir Technologies Inc. (PLTR) last reported insider trading activity. Moore Alexander D., who is Director, most recently acquired $34,000 shares at $24.11 per share on Oct 01. In this transaction, the insider spent $819,805. See Remarks, Karp Alexander C., disposed of 638,629 shares at a price of $24.28 on Sep 30. The insider now owns more than $15,507,057 worth of shares. Prior to that, See Remarks Karp Alexander C. went on to Sale 638,629 shares at $24.98 each on Sep 29. An amount of $15,949,891 was transacted.

Valuation Metrics

Palantir Technologies Inc. (PLTR) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.42 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 33.70, the price-to-book (PB) ratio at 21.29, and the price-to-cash flow ratio at 725.59.

The quick ratio of Palantir Technologies Inc. for the three months ended June 29 was 3.90, and the current ratio was 3.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Palantir Technologies Inc.’s EBITDA margin for the year ending June 29 is -106.14%, while its operating margin for the same period stands at -95.20%. Its gross profit as reported stood at $740.13 million compared to revenue of $1.09 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Palantir Technologies Inc.’s return on assets was -44.40%. For the broader industry, ROE averaged 3.34 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Palantir Technologies Inc. (PLTR) price momentum. RSI 9-day as of the close on 05 October was 30.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 54.06%.

As of today, PLTR’s price is $23.85 -8.41% or -$2.13 from its 5-day moving average. PLTR is currently trading -13.07% lower than its 20-day SMA and +26.35% higher than its 100-day SMA. However, the stock’s current price level is +4.88% above the SMA50 and -14.76% below the SMA200.

The stochastic %K and %D were 5.46% and 5.40%, respectively, and the average true range (ATR) was 1.21. With the 14-day stochastic at 3.03% and the average true range at 1.20, the RSI (14) stands at 37.22%. The stock has reached -1.92 on the 9-day MACD Oscillator while the 14-day reading was at -2.67.

Analyst Ratings

The consensus rating for Palantir Technologies Inc. (PLTR) among analysts is Underweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell PLTR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is PLTR’s price target for the next 12 months?

Analysts predict a range of price targets between $18.00 and $31.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Palantir Technologies Inc. (PLTR) stock is $24.38.


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