Palantir Technologies Inc. (PLTR) Performance and Fundamentals Dashboard tells a completely different story

Palantir Technologies Inc. (NYSE: PLTR) stock fell -3.16% on Friday to $15.33 against a previous-day closing price of $15.83. With 56.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 65.01 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $15.90 whereas the lowest price it dropped to was $15.17. The 52-week range on PLTR shows that it touched its highest point at $20.24 and its lowest point at $5.84 during that stretch. It currently has a 1-year price target of $14.25. Beta for the stock currently stands at 2.79.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLTR was up-trending over the past week, with a rise of 1.32%, but this was down by -0.78% over a month. Three-month performance dropped to -7.65% while six-month performance rose 92.11%. The stock gained 100.92% in the past year, while it has gained 138.79% so far this year. A look at the trailing 12-month EPS for PLTR yields -0.03 with Next year EPS estimates of 0.27. For the next quarter, that number is 0.06. This implies an EPS growth rate of 33.10% for this year and 17.54% for next year.

Float and Shares Shorts:

At present, 2.13 billion PLTR shares are outstanding with a float of 1.82 billion shares on hand for trading. On Aug 30, 2023, short shares totaled 155.59 million, which was 7.23% higher than short shares on Jul 30, 2023. In addition to Mr. Peter Andreas Thiel as the firm’s Co-Founder & Chairman, Dr. Alexander C. Karp serves as its Co-Founder, CEO & Director.

Institutional Ownership:

Through their ownership of 35.28% of PLTR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.79% of PLTR, in contrast to 19.39% held by mutual funds. Shares owned by individuals account for 17.26%. As the largest shareholder in PLTR with 8.04% of the stake, The Vanguard Group, Inc. holds 164,520,308 shares worth 164,520,308. A second-largest stockholder of PLTR, BlackRock Fund Advisors, holds 80,628,650 shares, controlling over 3.94% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in PLTR, holding 39,799,157 shares or 1.94% stake. With a 2.61% stake in PLTR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 53,328,201 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 1.92% of PLTR stock, is the second-largest Mutual Fund holder. It holds 39,396,725 shares valued at 590.16 million. Vanguard Extended Market Index Fu holds 1.22% of the stake in PLTR, owning 25,048,328 shares worth 375.22 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLTR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PLTR analysts setting a high price target of $25.00 and a low target of $5.00, the average target price over the next 12 months is $14.36. Based on these targets, PLTR could surge 63.08% to reach the target high and fall by -67.38% to reach the target low. Reaching the average price target will result in a decline of -6.33% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded PLTR stock several times over the past three months with 11 Buys and 24 Sells. In these transactions, 3,811,752 shares were bought while 4,311,729 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 93 over the past year. The total number of shares bought during that period was 9,084,983 while 11,871,441 shares were sold.

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