Lauren Elaina Friedman Stat Sells 800 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Key Points

• Lauren Elaina Friedman Stat, a director at Palantir Technologies, sold 800 shares of the company on October 3rd at an average price of $186.39, reducing her holdings by 1.27% to approximately $11.57 million.
• Palantir Technologies reported a strong quarterly performance with a revenue of $1 billion and an EPS of $0.16, exceeding analysts' expectations.
• The stock has a current market cap of $432.17 billion and a consensus target price from analysts of $140.22, with a majority rating of "Hold".

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total transaction of $149,112.00. Following the transaction, the director owned 62,087 shares in the company, valued at approximately $11,572,395.93. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, September 18th, Lauren Elaina Friedman Stat sold 9,000 shares of Palantir Technologies stock. The shares were sold at an average price of $177.60, for a total value of $1,598,400.00.
• On Thursday, September 11th, Lauren Elaina Friedman Stat sold 21,000 shares of Palantir Technologies stock. The shares were sold at an average price of $165.95, for a total value of $3,484,950.00.
• On Wednesday, July 9th, Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock. The shares were sold at an average price of $139.61, for a total value of $111,688.00.

Palantir Technologies Stock Performance

NASDAQ PLTR traded up $2.64 during trading hours on Tuesday, reaching $182.17. The stock had a trading volume of 57,778,385 shares, compared to its average volume of 57,253,580. Palantir Technologies Inc. has a 52-week low of $39.01 and a 52-week high of $190.00. The stock has a fifty day moving average of $169.85 and a 200 day moving average of $138.26. The stock has a market cap of $432.17 billion, a P/E ratio of 607.25, a price-to-earnings-growth ratio of 10.02 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PLTR shares. Piper Sandler set a $182.00 price objective on Palantir Technologies in a research note on Tuesday, August 5th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Citigroup reissued a "neutral" rating and set a $177.00 price objective (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Mizuho set a $165.00 price objective on Palantir Technologies in a research report on Monday, September 15th. Finally, UBS Group restated a "neutral" rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus target price of $140.22.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in PLTR. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC increased its holdings in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Congress Asset Management Co. purchased a new stake in shares of Palantir Technologies in the first quarter valued at approximately $4,989,000. Miracle Mile Advisors LLC boosted its stake in shares of Palantir Technologies by 9.7% in the first quarter. Miracle Mile Advisors LLC now owns 17,305 shares of the company's stock valued at $1,461,000 after buying an additional 1,531 shares in the last quarter. Finally, SOA Wealth Advisors LLC. boosted its stake in shares of Palantir Technologies by 113.7% in the first quarter. SOA Wealth Advisors LLC. now owns 1,496 shares of the company's stock valued at $126,000 after buying an additional 796 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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