Palantir Technologies Inc. Shows Strong Performance Amid Insider Selling
Live Analysis: Palantir Technologies Inc. (PLTR) is currently priced at $37.1, with a price change of 72.5 cents, representing a 2% increase from the previous close of $36.38. Notable insider trading activities include director Alexander C. Karp selling shares worth $146.79 million on September 17th and $162.31 million on September 16th. Trading volume is at $22.25 million, 43.85% higher than the average.
Earnings Overview: In the latest quarterly earnings report released on August 4th, Palantir reported earnings per share of 0.09, surpassing the consensus estimate of 0.0805. The total revenue for the quarter was $678.13 million, exceeding the consensus estimate of $653.23 million.
Grades: Bank of America Securities upgraded Palantir's grade from Buy to Hold on September 16th when the price was $35.88.
Cash Flow: The company reported a free cash flow of $141.31 million, operating cash flow of $144.19 million, and a net change in cash of -$7.73 million.
Income Statement: Palantir generated a gross profit of $549.57 million, operating income of $105.34 million, and a net income of $134.13 million. The company's EPS stands at 6.01 cents.
Ratios: Key ratios include a gross profit margin of 81.04%, net profit margin of 19.78%, and return on equity of 3.31.
Balance Sheet: Palantir's total assets amount to $5.19 billion, with total liabilities at $1 billion. The company holds $512.66 million in cash and cash equivalents.
Overall, Palantir Technologies Inc. demonstrates robust financial performance despite recent insider selling activities.
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. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company was incorporated in 2003 and is headquartered in Denver, Colorado.