Palantir Technologies (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat Sells 1,598 Shares

Key Points

• Palantir director Lauren Elaina Friedman Stat sold 1,598 shares on June 1 at an average price of $160, totaling $255,680. After the sale, she still held 55,022 shares, and the move was made under a pre-arranged Rule 10b5-1 plan.
• PLTR shares fell 5.3% to $152.17 in Tuesday trading, despite heavy volume and a still-large market cap of about $364.8 billion. The stock remains well above its 52-week low but below its 52-week high.
• Palantir’s latest earnings topped expectations, with Q1 EPS of $0.33 versus $0.28 expected and revenue of $1.63 billion, up 84.7% year over year. Analysts still view the stock as a Moderate Buy, though some have recently cut ratings or price targets.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $160.00, for a total transaction of $255,680.00. Following the transaction, the director owned 55,022 shares in the company, valued at approximately $8,803,520. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 Friday, May 29th, Lauren Elaina Friedman Stat sold 1,667 shares of Palantir Technologies stock. The stock was sold at an average price of $150.00, for a total transaction of $250,050.00.

Palantir Technologies Stock Down 5.3%

Shares of NASDAQ:PLTR traded down $8.48 during trading on Tuesday, reaching $152.17. 42,706,683 shares of the company traded hands, compared to its average volume of 42,753,384. The firm has a fifty day simple moving average of $141.80 and a 200 day simple moving average of $155.65. The firm has a market cap of $364.80 billion, a P/E ratio of 170.98, a price-to-earnings-growth ratio of 2.55 and a beta of 1.53. Palantir Technologies Inc. has a 1-year low of $118.93 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $0.13 earnings per share. The firm's revenue was up 84.7% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLTR. HSBC cut shares of Palantir Technologies from a "buy" rating to a "hold" rating and decreased their price target for the company from $205.00 to $151.00 in a research note on Friday, May 1st. DZ Bank initiated coverage on shares of Palantir Technologies in a report on Thursday, April 23rd. They issued a "buy" rating and a $175.00 target price on the stock. Freedom Capital upgraded shares of Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 13th. Royal Bank Of Canada reiterated an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a report on Tuesday, May 5th. Finally, Daiwa Securities Group raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price objective on the stock in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.76.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Palantir Technologies during the fourth quarter valued at about $5,149,641,000. Jennison Associates LLC acquired a new position in shares of Palantir Technologies during the first quarter valued at about $1,574,111,000. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock valued at $39,017,133,000 after buying an additional 8,168,604 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Palantir Technologies by 277.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company's stock valued at $1,528,143,000 after buying an additional 7,678,747 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after buying an additional 6,777,771 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Several recent pieces point to continued bullish momentum, including strong AI infrastructure positioning, expanding customer relationships, and improving earnings revisions across software stocks. Investors are also focused on Palantir’s role in defense and public-sector AI, which remains a major long-term growth driver. Palantir's AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
• Positive Sentiment: News that Cavanagh extended its Foundry partnership through 2035 and is now channeling Palantir’s technology into broader construction deployments supports the idea that PLTR can keep expanding commercially beyond government contracts. Why Palantir Technologies (PLTR) Is Up 17.4% After Cavanagh Extends Foundry And Becomes Channel Partner
• Positive Sentiment: Analysts and commentators continue to highlight Palantir as a key beneficiary of the broader AI and defense-tech surge, with investors still rotating into software names tied to enterprise AI adoption. Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors
• Neutral Sentiment: Several articles simply note that Palantir remains heavily watched after its recent rally, with traders debating whether the stock still has room to run after a big move higher. Palantir Seen Ready for Next Move Higher
• Negative Sentiment: Valuation-focused coverage is pressuring the stock, with multiple pieces arguing Palantir’s premium multiple already prices in aggressive growth and may require exceptionally large federal market share to justify today’s market value. Palantir's $369 Billion Valuation Requires Unprecedented Federal Market Share
• Negative Sentiment: Reuters reported that UK lawmakers called Palantir’s role in the public sector an “unacceptable point of weakness,” highlighting political and procurement risk around its government business. UK lawmakers call Palantir's role public sector an unacceptable weakness
• Negative Sentiment: Another recent report said President Trump’s latest AI executive order is weighing on PLTR shares, adding to near-term pressure despite the company’s strong growth profile. Why Palantir Stock Is Sinking Today

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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