Insider Selling: Palantir Technologies (NASDAQ:PLTR) Director Sells $253,963.15 in Stock

Key Points

• Palantir director Lauren Friedman Stat sold 1,337 shares for approximately $253,963 under a pre-arranged Rule 10b5-1 trading plan, reducing her stake by 2.53% to 51,428 shares.
• Palantir shares recently traded around $189.40, up 0.3%, while the company reported quarterly EPS of $0.41 versus estimates of $0.34 and revenue of $1.94 billion, up 92.8% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $195.33, but valuation remains a key risk given the stock’s P/E ratio of about 161.9.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Friedman Stat sold 1,337 shares of Palantir Technologies stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $189.95, for a total value of $253,963.15. Following the sale, the director directly owned 51,428 shares of the company's stock, valued at approximately $9,768,748.60. This represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Tuesday, September 1st, Lauren Friedman Stat sold 1,342 shares of Palantir Technologies stock. The shares were sold at an average price of $182.50, for a total transaction of $244,915.00.
• On Wednesday, August 5th, Lauren Friedman Stat sold 3,032 shares of Palantir Technologies stock. The stock was sold at an average price of $165.00, for a total value of $500,280.00.

Palantir Technologies Stock Up 0.3%

Shares of PLTR stock traded up $0.65 on Monday, hitting $189.40. The company had a trading volume of 17,678,431 shares, compared to its average volume of 21,635,254. The company has a 50-day moving average price of $171.96 and a 200-day moving average price of $148.99. The firm has a market cap of $455.14 billion, a P/E ratio of 161.88, a price-to-earnings-growth ratio of 2.65 and a beta of 1.60. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies's revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. Equities research analysts expect that Palantir Technologies Inc. will post 1.28 EPS for the current year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s AI momentum remains the central bullish argument. Analysts and financial commentators point to strong customer spending, accelerating adoption of the Artificial Intelligence Platform and 92.8% year-over-year revenue growth in the latest reported quarter. Palantir Stock Surges 42% in 3 Months: Is PLTR Worth Buying?
• Positive Sentiment: Palantir’s defense business is adding to investor confidence. The Maven Smart System was designated a formal government program of record, strengthening the company’s potential for durable public-sector revenue. Third-quarter results, scheduled for November 2, will be watched for evidence that commercial growth is maintaining its pace. Palantir Defense Momentum Strengthens the Bullish Case
• Positive Sentiment: Palantir has a strong earnings-surprise record, and Zacks argues that current estimates and operating momentum provide a favorable setup for another quarterly beat. The company previously exceeded consensus with $0.41 in earnings per share versus an estimated $0.34. Will Palantir Technologies Beat Estimates Again?
• Positive Sentiment: Commentators including Jim Cramer continue to support the long-term thesis, despite acknowledging that prior price targets were too aggressive. Other coverage argues that Palantir’s revenue growth outweighs prominent bearish views. Jim Cramer Sticks With Palantir
• Neutral Sentiment: A report on Zeta Global highlighted AI-driven growth and momentum from its partnership with Palantir. The item reinforces Palantir’s broader ecosystem reach but does not represent a direct change to PLTR’s financial outlook. Clark Wright Reiterates Buy on Zeta
• Negative Sentiment: Valuation is the principal counterargument. With a very high price-to-earnings multiple after substantial recent gains, Palantir must sustain exceptional growth to justify its market capitalization. Articles also note that investors should weigh PLTR against alternatives such as the PLTY options-income strategy rather than assuming further appreciation. Using PLTY Instead of Betting on Palantir

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in PLTR. Guardian Wealth Advisors LLC NC increased its position in shares of Palantir Technologies by 67.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company's stock worth $1,240,000 after acquiring an additional 4,283 shares during the period. Independent Financial Group LLC boosted its holdings in Palantir Technologies by 20.8% in the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company's stock valued at $21,957,000 after purchasing an additional 32,427 shares during the period. World Equity Group Inc. grew its stake in Palantir Technologies by 7.2% during the 2nd quarter. World Equity Group Inc. now owns 43,627 shares of the company's stock worth $5,090,000 after purchasing an additional 2,948 shares in the last quarter. Sage Capital Advisors llc grew its stake in Palantir Technologies by 63.5% during the 2nd quarter. Sage Capital Advisors llc now owns 66,944 shares of the company's stock worth $7,810,000 after purchasing an additional 25,995 shares in the last quarter. Finally, V. M. Manning & CO. Inc. purchased a new stake in Palantir Technologies during the 2nd quarter worth about $539,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BTIG Research cut shares of Palantir Technologies to a "neutral" rating in a research note on Tuesday, June 16th. President Capital upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $25.50 to $133.00 in a report on Monday, June 29th. William Blair restated an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Benchmark reaffirmed a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, BNP Paribas Exane began coverage on Palantir Technologies in a research report on Tuesday, June 16th. They set an "underperform" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $195.33.

About Palantir Technologies

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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