Palantir Technologies (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat Sells 21,000 Shares

Key Points

• Palantir Technologies Director Lauren Elaina Friedman Stat sold 21,000 shares of the company’s stock at an average price of $165.95, a 25.99% decrease in her position, totaling $3.48 million.
• The company recently reported a 48.0% increase in quarterly revenue year-over-year, reaching $1 billion, while EPS was $0.16, exceeding estimates.
• Price targets for Palantir stock have been adjusted by several analysts, with a range from $141.00 to $200.00, reflecting a generally positive outlook despite mixed ratings.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 21,000 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $165.95, for a total value of $3,484,950.00. Following the completion of the sale, the director owned 59,794 shares in the company, valued at $9,922,814.30. This represents a 25.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 Price Performance

Shares of PLTR stock traded down $0.22 on Monday, hitting $171.21. The stock had a trading volume of 45,265,565 shares, compared to its average volume of 75,252,840. The firm has a market capitalization of $406.17 billion, a P/E ratio of 779.23, a P/E/G ratio of 9.66 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $35.56 and a 1 year high of $190.00. The company's 50 day moving average price is $160.07 and its 200-day moving average price is $127.42.

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

Analysts Set New Price Targets

A number of research firms have issued reports on PLTR. DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Loop Capital increased their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Citigroup reaffirmed a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $138.28.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLTR. Norges Bank purchased a new stake in Palantir Technologies during the 2nd quarter valued at approximately $3,307,457,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $2,543,888,000. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock worth $28,043,432,000 after buying an additional 7,194,216 shares in the last quarter. Nuveen LLC purchased a new position in shares of Palantir Technologies during the 1st quarter worth approximately $520,232,000. Finally, State Street Corp raised its stake in shares of Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company's stock worth $12,879,667,000 after buying an additional 6,097,629 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

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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