Palantir Technologies (NYSE:PLTR – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, Briefing.com reports. The company had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. Palantir Technologies updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Palantir Technologies Stock Performance
NYSE:PLTR traded up $2.50 during mid-day trading on Tuesday, hitting $26.59. The stock had a trading volume of 99,343,635 shares, compared to its average volume of 55,024,922. Palantir Technologies has a twelve month low of $13.68 and a twelve month high of $29.83. The stock has a market cap of $59.21 billion, a price-to-earnings ratio of 225.58, a PEG ratio of 6.02 and a beta of 2.71. The company’s 50 day simple moving average is $25.43 and its 200 day simple moving average is $23.39.
Insider Activity at Palantir Technologies
In related news, Director Peter Thiel sold 6,285,833 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the completion of the sale, the director now directly owns 64,520,599 shares in the company, valued at approximately $1,376,224,376.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Palantir Technologies news, Director Peter Thiel sold 6,285,833 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the completion of the sale, the director now directly owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather A. Planishek sold 10,907 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $21.43, for a total transaction of $233,737.01. Following the sale, the insider now owns 651,099 shares of the company’s stock, valued at $13,953,051.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,450,229 shares of company stock worth $242,366,525. Insiders own 12.93% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Palantir Technologies
About Palantir Technologies
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.
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