On Jan. 04, Karp Alexander C. divested U.S. $30,275,970 in shares of Palantir Technologies Inc.. The See Remarks sold 1,285,123 shares at a price per share of $23.56. The transaction decreased this specific insider’s holdings to 6,426,496 shares worth around $151.28 million at present.
Credit Suisse took its Palantir Technologies Inc. [PLTR] rating to the equivalent of an Underperform from a Neutral, and the price target to $17 from $13, in a research note dated December 18, 2020. That figure represents around a -38.47% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with Credit Suisse’s analysts downgrading the shares from “a Neutral” rating to “an Underperform” rating in a research note to investors issued in mid December. Meanwhile, Morgan Stanley had lowered its rating on PLTR to “an Underweight” from the earlier “an Equal-weight”, in a research note produced for clients December 02, 2020. In addition, there was a downgrade from Morgan Stanley on November 13, 2020. The rater changed PLTR from “an Overweight” to “an Equal-weight”.
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PLTR Price Performance
On Wall Street, Palantir Technologies Inc. [NYSE:PLTR] finished Wednesday’s session down -4.31% at $23.54. The stock went up to $24.46 at the same session while its lowest single day price was $23.25. In the last five days, it saw a fall of about -4.54%, Palantir Technologies Inc. shares dropped by almost -0.04% since the beginning of the year. However, the share price has dropped to as low as -29.73% below its one year high.
Palantir Technologies Inc. [PLTR] Valuation Measures
Notably, Palantir Technologies Inc. [PLTR] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 43.71 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.93.
PLTR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 23.04 level, and in case of violation of this particular level, it will cause more drop to 22.54 level. On the upper level, 24.96 is still the key resistance. The stock may increase to the subsequent resistance at 24.25. The Relative Strength Index (RSI) pinned on the 14-day chart is 47.00, implying a neutral technical stance while the MACD stands at -2.06, meaning price will decrease in the next trading period. Percent R indicator moved to 84.97%, implying bearish price movement. Stochastic %K at 19.32% suggest buying the stock.
What is the short interest in Palantir Technologies Inc.?
Short interest in the Palantir Technologies Inc. stock has plunged, decreasing by -36.33 million shares to total 70.6 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 34.27 million, data from Yahoo Finance shows. The increase of 51.46% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 4.82% of the overall float for the stock.
Palantir Technologies Inc.’s Biggest Shareholders: Who Owns Palantir Technologies Inc. [PLTR]?
Filings by Point72 Asset Management LP showed that the firm now holds a total of 29,904,230 shares or roughly 2.03% of the outstanding PLTR shares. During the last quarter, BlackRock Advisors LLC 20,875,518 of its shares in Palantir Technologies Inc. while Soros Fund Management LLC bought 18,457,516 shares. The T. Rowe Price Associates, Inc.’s holdings currently number 14,879,553 shares at $350264677.62. According to the firm’s last 13F report, Allen Holding, Inc. shares in the company at filing stood at 6,878,439 shares, roughly $186,474,481.
PLTR Earnings Forecast For The Current Quarter
Palantir Technologies Inc. [PLTR] is expected to report earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $300.85M and an earnings per share of $0.02 for Dec 2020. Looking further ahead, the company is expected to report revenue of $308.89M at an EPS of $0.02 for Mar 2021. The estimates represent 31.80% and 50.00% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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What are analyst thoughts on Palantir Technologies Inc.?
Looking forward to the Palantir Technologies Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Palantir Technologies Inc. stock at $16.00 within the next 12 months, which represents almost -47.12 per cent growth from its previous closing price of $23.54. The highest analysts’ target for Palantir Technologies Inc. stock projections is $18.00 and the lowest one is $10.00. Still, 7 analysts sharing their consensus rating for PLTR stock in 2021 agree that it is an Underweight.