Palantir Technologies (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat Sells 9,000 Shares

Key Points

• Palantir Technologies director Lauren Elaina Friedman Stat sold 9,000 shares of the company's stock for approximately $1.6 million, reducing her ownership by 15.05%.
• Palantir's stock experienced a 1.7% decline and is currently trading at $179.33, with a market capitalization of $425.43 billion.
• Palantir recently reported a 48% increase in quarterly revenue year-over-year, surpassing analysts' expectations with an EPS of $0.16.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 9,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total transaction of $1,598,400.00. Following the sale, the director directly owned 50,794 shares of the company's stock, valued at approximately $9,021,014.40. This represents a 15.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

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

Palantir Technologies Trading Down 1.7%

PLTR traded down $3.06 on Monday, hitting $179.33. 45,749,266 shares of the stock traded hands, compared to its average volume of 60,825,608. The business has a fifty day moving average price of $163.92 and a two-hundred day moving average price of $131.20. The firm has a market capitalization of $425.43 billion, a PE ratio of 597.79, a P/E/G ratio of 10.28 and a beta of 2.59. Palantir Technologies Inc. has a 52 week low of $36.05 and a 52 week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1 billion during 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% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. 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 fiscal year.

Hedge Funds Weigh In On Palantir Technologies

Several large investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC grew its holdings in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares during the period. Two Sigma Investments LP grew its holdings in Palantir Technologies by 132.4% during the 4th quarter. Two Sigma Investments LP now owns 55,083 shares of the company's stock worth $4,166,000 after acquiring an additional 31,383 shares during the period. North Star Asset Management Inc. raised its position in shares of Palantir Technologies by 33.3% during the 4th quarter. North Star Asset Management Inc. now owns 8,229 shares of the company's stock valued at $622,000 after acquiring an additional 2,054 shares during the last quarter. Finally, Formidable Asset Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $457,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and lifted their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Cantor Fitzgerald boosted their price target on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $138.28.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.