Tipsters are placing big bets on Palantir Technologies Inc. (PLTR) Stock

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Credit Suisse raised the price target for the Palantir Technologies Inc. (NYSE:PLTR) stock to “an Underperform”. The rating was released on March 16, 2021. We previously noted in another research note published on February 17, 2021 by Goldman that upgraded the stock from a Neutral to a Buy with a price target of $34 for PLTR stock. The research report from William Blair has downgraded the stock from Mkt Perform to Underperform. The stock was initiated by William Blair, who disclosed in a research note on January 20, 2021, to Mkt Perform. In their research brief published January 13, 2021, Citigroup analysts downgraded the Palantir Technologies Inc. stock from Neutral to Sell with a price target of $15.

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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.06 during the last quarter as opposed to a consensus estimate of $0.02, which indicates the company beat its estimate by $0.04, which implies that the company surprised the market by 200.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $0.04. This is an average of 7 analysts’ earnings, where the high earnings per share estimate is $0.05 and the low earnings per share estimate is $0.03. According to 5 analyst estimates, an average revenue estimate of $332.26M is projected for the current quarter with a high revenue estimate of $332.63M and a low estimate of $331.14M.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Palantir Technologies Inc. (NYSE:PLTR) dipped -5.93% to close Wednesday’s market session at $21.88, lower as compared to yesterday’s close. The stock price fluctuated between $21.75 and $23.485 throughout the trading session with the volume trading being 68382892 shares, which represented a significant variation when compared to the three months average volume of 84.39 million shares. The firm’s stock price fluctuated -13.21% within the last five trades and -18.21% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price -23.26% was subtracted to its value over the previous 3 months. PLTR stock is trading at a margin of -11.49%, -22.80% and -2.51% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, PLTR deals in the Technology domain. The stock is trading -51.38 percent below its 52-week high and 145.84 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is null. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Palantir Technologies Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the company has reported a gross margin of 67.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $39.31 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward P/E stands at 105.70. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 35.98 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 22.10, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 7.40 percent of Palantir Technologies Inc. shares are owned by insiders, and 18.70 percent are held by financial institutions. Cohen Stephen Andrew, the See Remarks at Palantir Technologies Inc. (PLTR) has sold 140,455 shares of firm on Mar 16 at a price of $26.07 against the total amount of $3.66 million. In another inside trade, Moore Alexander D., Director of Palantir Technologies Inc. (NYSE:PLTR) sold 12,000 shares of the firm on Mar 01 for a total worth of $0.3 million at a price of $24.97. An inside trade which took place on Feb 23, See Remarks of Palantir Technologies Inc. Sankar Shyam sold 50,000 shares of firm against total price of $1.31 million at the cost of $26.22 per share.

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