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.