Palantir Technologies (NYSE:PLTR – Get Free Report) issued its earnings results on Monday. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01, Briefing.com reports. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The firm had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The company’s revenue was up 27.2% compared to the same quarter last year. Palantir Technologies updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Palantir Technologies Trading Up 10.4 %
PLTR stock traded up $2.50 during midday trading on Tuesday, hitting $26.59. 99,343,635 shares of the company’s stock were exchanged, compared to its average volume of 55,024,922. The business has a 50-day simple moving average of $25.43 and a two-hundred day simple moving average of $23.39. The stock has a market capitalization of $59.21 billion, a PE ratio of 225.58, a P/E/G ratio of 6.02 and a beta of 2.71. Palantir Technologies has a 1-year low of $13.68 and a 1-year high of $29.83.
Insiders Place Their Bets
In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total transaction of $80,611.50. Following the completion of the sale, the director now owns 65,989 shares of the company’s stock, valued at $1,744,089.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Peter Thiel sold 6,285,833 shares of Palantir Technologies stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total value of $134,076,817.89. Following the completion of the transaction, the director now directly owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.43, for a total value of $80,611.50. Following the sale, the director now directly owns 65,989 shares of the company’s stock, valued at $1,744,089.27. The disclosure for this sale can be found here. Insiders sold a total of 11,450,229 shares of company stock valued at $242,366,525 over the last quarter. 12.93% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Research Report on PLTR
Palantir Technologies Company Profile
Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
Featured Stories
- Five stocks we like better than Palantir Technologies
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- Uber’s Earnings Beat: Rideshare and Delivery Surge
- What is the Australian Securities Exchange (ASX)
- Hims & Hers Reports Stellar Quarter: Stock Set for a Rally
- 5 Top Rated Dividend Stocks to Consider
- Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance
Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.