Palantir Technologies Inc. (PLTR): Keep paying attention to its insider activity

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Palantir Technologies Inc. (NYSE:PLTR) saw an upside of 5.13% to close Monday at $7.38 after adding $0.36 on the day. The 5-day average trading volume is 29,774,520 shares of the company’s common stock. It has gained $7.41 in the past week and touched a new high 3 times within the past 5 days. An average of 29,765,020 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 30,597,186.

PLTR’s 1-month performance is 16.96% or $1.09 on its low of $5.92 reached on 12/27/22. The company’s shares have touched a 52-week low of $5.92 and high of $14.86, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, PLTR has achieved 14.95% or $0.96 and has reached a new high 8 times. However, the current price is down -50.34% from the 52-week high price.

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Insider Transactions

PLTR stock investors last saw insider trading activity on Jan 03.Stat Lauren Elaina Friedman (Director) most recently sold 7,000 shares at $6.38 per share on Jan 03. This transaction cost the insider $44,663., Karp Alexander C., sold 809,398 shares at a price of $7.13 on Dec 07. Then, on Dec 06, Karp Alexander C. sold 809,398 shares at a price of $7.00 per share. This transaction amounted to $5,664,167.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.04 while the price-to-book (PB) in the most recent quarter is 6.42, with the price to cash flow ratio at 74.56.

Palantir Technologies Inc.’s quick ratio for the period ended September 29 was 4.30, with the current ratio over the same period at 4.30. In terms of profitability, the gross margin trailing 12 months is 78.60%. The firm’s gross profit as reported stood at $1.2 billion against revenue of $1.54 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Palantir Technologies Inc.’s cash and short-term investments amounted to $57.34 million against total debt of $245.14 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.55% to -$123.88 million, while revenue of -$179.33 million was -44.76% off the previous quarter. Analysts expected PLTR to announce $0.02 per share in earnings in its latest quarter, but it posted $0.01, representing a -50.00% surprise. EBITDA for the quarter stood at more than -$56.25 million. PLTR stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 932.22 million, with total debt at $245.14 million. Shareholders hold equity totaling $2.08 billion.

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 23 January was 67.91% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.46%.

The stock’s 5-day moving average is $7.02, reflecting a +6.03% or $0.42 change from its current price. PLTR is currently trading +13.54% above its 20-day SMA, -5.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.36% and SMA200 by-46.87%.

Stochastic %K and %D was 75.83% and 71.60% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 60.85%, while the 14-day stochastic is at 97.73% with the period’s ATR at 0.34. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.26 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Palantir Technologies Inc. (NYSE: PLTR), Mizuho launched coverage with a Neutral rating. Analysts offering their rating for PLTR stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate PLTR as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 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 $4.50 and a high of $15.00, with their median price target at $7.75. Looking at these predictions, the average price target given by analysts is for Palantir Technologies Inc. (PLTR) stock is $8.43.

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