Insider Activity Monitoring: Palantir Technologies Inc. (PLTR)

Palantir Technologies Inc. (NYSE:PLTR) saw a downside of -0.97% to close Friday at $23.50 after subtracting -$0.23 on the day. The 5-day average trading volume is 61,413,641 shares of the company’s common stock. It has gained $25.01 in the past week. An average of 62,876,063 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 52,525,090.

PLTR’s 1-month performance is -10.07% or -$2.08 on its low of $23.02 reached on 10/04/21. The company’s shares have touched a 52-week low of $9.18 and high of $45.00, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, PLTR has lost -0.21% or -$0.05. However, the current price is down -47.78%% from the 52-week high price.

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Insider Transactions

On Oct 05, 6 days have gone by since the last insider trading activity for Palantir Technologies Inc. (PLTR). Cohen Stephen Andrew (See Remarks) most recently sold 60,000 shares at $23.32 per share on Oct 05. This transaction cost the insider $1,399,416. Director, Moore Alexander D., sold 34,000 shares at a price of $24.11 on Oct 01. Then, on Sep 30, See Remarks Karp Alexander C. sold 638,629 shares at a price of $24.28 per share. This transaction amounted to $15,507,057.

Valuation Metrics

Palantir Technologies Inc. (PLTR) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.88 for the sector.PLTR stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 34.87 while the price-to-book (PB) in the most recent quarter is 21.56, with the price to cash flow ratio at 750.79.

Palantir Technologies Inc.’s quick ratio for the period ended June 29 was 3.90, with the current ratio over the same period at 3.90 meaning that PLTR stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 71.00%. The trailing 12-month EBITDA margin is -106.14% while for the period ending June 29; Palantir Technologies Inc.’s operating margin was -95.20%. The firm’s gross profit as reported stood at $740.13 million against revenue of $1.09 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PLTR to announce $0.03 per share in earnings in its latest quarter, but it posted $0.04, representing a 33.30% surprise. EBITDA for the quarter stood at more than -$141.39 million. PLTR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.01 billion, with total debt at $249.79 million. Shareholders hold equity totaling $1.95 billion

Technical Picture

Let’s look briefly at Palantir Technologies Inc. (PLTR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 34.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.76%.

The stock’s 5-day moving average is $23.44, reflecting a -3.41% or -$0.83 change from its current price. PLTR is currently trading -10.58% above its 20-day SMA, +10.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +5.95% and -16.19% respectively.

Stochastic %K and %D was 9.41% and 7.34% and the average true range (ATR) pointed at 1.18. The RSI (14) points at 39.55%, while the 14-day stochastic is at 7.78% with the period’s ATR at 1.18. The stock’s 9-day MACD Oscillator is pointing at -0.33 and -1.70 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for PLTR stock have a consensus rating for the stock as Underweight. Currently, 3 brokerage advisors rate PLTR as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $18.00 and a high of $31.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Palantir Technologies Inc. (PLTR) stock is $24.38.


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