Palantir Technologies (NASDAQ:PLTR) Stock: Insider Lauren Elaina Friedman Stat Sells 1,358 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Friedman Stat sold 1,358 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.29, for a total value of $252,981.82. Following the completion of the transaction, the director directly owned 45,044 shares in the company, valued at approximately $8,391,246.76. This represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lauren Elaina Friedman Stat also recently made the following trade(s):

• On Thursday, October 8th, Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock. The shares were sold at an average price of $199.00, for a total value of $1,000,174.00.
• On Thursday, October 1st, Lauren Friedman Stat sold 1,337 shares of Palantir Technologies stock. The shares were sold at an average price of $189.95, for a total value of $253,963.15.
• On Tuesday, September 1st, Lauren Friedman Stat sold 1,342 shares of Palantir Technologies stock. The stock was sold at an average price of $182.50, for a total value of $244,915.00.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $154.99 on Friday. The company’s 50-day moving average is $186.39 and its 200 day moving average is $153.78. The company has a market capitalization of $372.45 billion, a P/E ratio of 108.38, a price-to-earnings-growth ratio of 3.60 and a beta of 1.65. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was up 95.9% on a year-over-year basis. As a group, research analysts predict that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares during the period. State Street Corp increased its position in Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after buying an additional 2,863,874 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after buying an additional 4,201,852 shares during the period. Amundi raised its stake in shares of Palantir Technologies by 2.5% in the first quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after buying an additional 398,093 shares during the period. Finally, Jennison Associates LLC bought a new position in shares of Palantir Technologies in the first quarter worth about $1,574,111,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir reported revenue of $2.31 billion, up about 96% year over year, and adjusted EPS of $0.44, beating analyst estimates. U.S. commercial revenue surged 148%, and the company raised its full-year outlook, underscoring strong demand for its AI software. Palantir’s third-quarter results
• Positive Sentiment: Some investors and analysts remain constructive: ARK Invest bought Palantir shares during the selloff, and several research firms have maintained Buy ratings or raised price targets. ARK Invest purchases Palantir shares
• Negative Sentiment: Strong revenue growth has not eased concerns about future deal momentum. Reports cite slower contract-growth metrics, including a sharp quarter-over-quarter slowdown in total contract value growth, prompting questions about whether new bookings can sustain the pace of sales. Contract growth and spending concerns
• Negative Sentiment: Palantir’s premium valuation leaves little room for disappointment, and investors are taking profits in high-flying AI and software shares. The selloff is also tied to election-related concerns that a Democratic-controlled Congress could curb the proposed defense budget, creating uncertainty for government-focused business. Election and sector pressures

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wolfe Research initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. UBS Group reaffirmed a “buy” rating on shares of Palantir Technologies in a report on Tuesday. JPMorgan Chase & Co. assumed coverage on Palantir Technologies in a research note on Thursday, October 29th. They issued an “overweight” rating and a $262.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $235.00 price objective on shares of Palantir Technologies in a report on Tuesday. Finally, Oppenheimer reissued an “outperform” rating and issued a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $214.53.

About Palantir Technologies

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.