Lauren Elaina Friedman Stat Sells 6,655 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat sold 6,655 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $38.17, for a total transaction of $254,021.35. Following the completion of the transaction, the director now directly owns 145,625 shares of the company’s stock, valued at approximately $5,558,506.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, September 16th, Lauren Elaina Friedman Stat sold 6,000 shares of Palantir Technologies stock. The shares were sold at an average price of $36.35, for a total value of $218,100.00.
• On Monday, September 9th, Lauren Elaina Friedman Stat sold 6,050 shares of Palantir Technologies stock. The stock was sold at an average price of $33.19, for a total value of $200,799.50.
• On Thursday, August 1st, Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock. The shares were sold at an average price of $26.43, for a total value of $80,611.50.
• On Monday, July 15th, Lauren Elaina Friedman Stat sold 2,000 shares of Palantir Technologies stock. The shares were sold at an average price of $28.97, for a total value of $57,940.00.

Palantir Technologies Stock Performance

Shares of NYSE PLTR opened at $37.08 on Friday. The firm has a fifty day moving average of $31.27 and a 200 day moving average of $26.23. The firm has a market cap of $83.04 billion, a PE ratio of 309.03 and a beta of 2.72. Palantir Technologies Inc. has a one year low of $14.16 and a one year high of $38.19.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research reports. Wedbush lifted their price objective on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $9.00 price target on shares of Palantir Technologies in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. The Goldman Sachs Group upped their target price on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, DA Davidson boosted their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.29.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after purchasing an additional 6,466,596 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Palantir Technologies by 183.3% in the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after buying an additional 102,479 shares during the last quarter. Accel Wealth Management purchased a new position in shares of Palantir Technologies in the first quarter worth about $360,000. ProShare Advisors LLC acquired a new position in Palantir Technologies during the first quarter worth about $262,000. Finally, Norges Bank acquired a new position in Palantir Technologies during the fourth quarter worth about $46,542,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.