Insider Activity Monitoring: Prologis Inc. (PLD)

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Prologis Inc. (NYSE:PLD) saw an upside of 0.26% to close Tuesday at $126.40 after adding $0.33 on the day. The 5-day average trading volume is 3,311,220 shares of the company’s common stock. It has gained $126.99 in the past week and touched a new high 3 times within the past 5 days. An average of 2,825,360 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,316,394.

PLD’s 1-month performance is 10.94% or $12.78 on its low of $110.21 reached on 12/28/22. The company’s shares have touched a 52-week low of $98.03 and high of $174.54, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, PLD has achieved 12.13% or $13.67 and has reached a new high 9 times. However, the current price is down -27.58% from the 52-week high price.


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Insider Transactions

PLD stock investors last saw insider trading activity on Nov 28.LYONS IRVING F III (Director) most recently sold 44,385 shares at $164.60 per share on Apr 25. This transaction cost the insider $7,305,727. Director, ZOLLARS WILLIAM D, sold 1,350 shares at a price of $155.68 on Mar 25.

Valuation Metrics

PLD stock has a beta of 0.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 19.29 while the price-to-book (PB) in the most recent quarter is 2.66, with the price to cash flow ratio at 130.15.

As well, the company’s long term debt to equity for the quarter ending September 29 was 0.51, while the total debt to equity was 0.51.. In terms of profitability, the gross margin trailing 12 months is 74.70%. The firm’s gross profit as reported stood at $3.21 billion against revenue of $4.76 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 28.79% to $1.01 billion, while revenue of $609.86 million was 39.85% off the previous quarter. Analysts expected PLD to announce $1.22 per share in earnings in its latest quarter, but it posted $1.36, representing a 11.50% surprise. EBITDA for the quarter stood at more than $1.28 billion. Shareholders hold equity totaling $923.08 million.

Let’s look briefly at Prologis Inc. (PLD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 73.04% to suggest the stock is trending Overbought, with historical volatility in this time period at 22.87%.

The stock’s 5-day moving average is $123.85, reflecting a +4.10% or $4.98 change from its current price. PLD is currently trading +11.59% above its 20-day SMA, +0.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.19% and SMA200 by-25.70%.

Stochastic %K and %D was 91.97% and 84.80% and the average true range (ATR) pointed at 4.33. The RSI (14) points at 67.29%, while the 14-day stochastic is at 95.95% with the period’s ATR at 4.01. The stock’s 9-day MACD Oscillator is pointing at 2.25 and 4.80 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Prologis Inc. (NYSE: PLD), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for PLD stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PLD as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 17 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $117.00 and a high of $193.00, with their median price target at $140.00. Looking at these predictions, the average price target given by analysts is for Prologis Inc. (PLD) stock is $140.05.

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