Palantir Technologies (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat Sells 3,032 Shares

Key Points

• Palantir director Lauren Elaina Friedman Stat sold 3,032 shares at an average price of $165, generating $500,280. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced her holdings by 5.31%.
• Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year, while earnings per share of $0.41 exceeded analysts’ $0.34 estimate. Shares recently traded at $172.01, near a 52-week high and at a lofty 147.02 price-to-earnings ratio.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $190.73. However, the company’s elevated valuation and continued insider and investor selling remain key risks.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 3,032 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the sale, the director directly owned 54,107 shares in the company, valued at $8,927,655. This represents a 5.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 Monday, June 1st, Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00.
• 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 Performance

Shares of Palantir Technologies stock traded up $16.09 during trading hours on Friday, reaching $172.01. 77,344,961 shares of the company were exchanged, compared to its average volume of 43,652,264. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm has a market cap of $412.36 billion, a PE ratio of 147.02, a PEG ratio of 2.27 and a beta of 1.59. The stock's fifty day moving average is $131.45 and its 200 day moving average is $139.69.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company earned $0.16 earnings per share. The firm's revenue was up 92.8% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 1.24 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PLTR shares. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday. They set a "buy" rating for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Palantir Technologies in a research note on Friday, July 24th. The Goldman Sachs Group reissued a "neutral" rating and set a $204.00 price objective on shares of Palantir Technologies in a report on Tuesday. BTIG Research downgraded shares of Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. Finally, Argus upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $190.73.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI increased its position in Palantir Technologies by 1.3% during the second quarter. Citizens Financial Group Inc. RI now owns 34,508 shares of the company's stock worth $4,026,000 after buying an additional 455 shares during the period. Cornerstone Advisors LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $6,569,000. Tortoise Investment Management LLC boosted its holdings in shares of Palantir Technologies by 3.8% in the second quarter. Tortoise Investment Management LLC now owns 2,181 shares of the company's stock valued at $254,000 after acquiring an additional 80 shares during the period. Banco BTG Pactual S.A. purchased a new position in shares of Palantir Technologies during the second quarter worth approximately $1,012,000. Finally, Buckland Partners Management Co LLC purchased a new position in shares of Palantir Technologies during the second quarter worth approximately $1,248,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Key Palantir Technologies News

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

• Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
• Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
• Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
• Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
• Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir

Palantir Technologies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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