Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat Sells 8,860 Shares

Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat sold 8,860 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $514,411.60. Following the transaction, the director now directly owns 121,390 shares in the company, valued at approximately $7,047,903.40. The trade was a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, November 5th, Lauren Elaina Friedman Stat sold 8,054 shares of Palantir Technologies stock. The stock was sold at an average price of $50.49, for a total value of $406,646.46.
• On Friday, October 11th, Lauren Elaina Friedman Stat sold 7,321 shares of Palantir Technologies stock. The stock was sold at an average price of $43.90, for a total value of $321,391.90.
• On Monday, September 23rd, Lauren Elaina Friedman Stat sold 6,655 shares of Palantir Technologies stock. The shares were sold at an average price of $38.17, for a total value of $254,021.35.
• 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 shares were sold at an average price of $33.19, for a total value of $200,799.50.

Palantir Technologies Stock Performance

PLTR stock opened at $59.19 on Friday. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $63.39. The business’s 50 day moving average price is $41.90 and its two-hundred day moving average price is $31.45. The company has a market capitalization of $132.55 billion, a price-to-earnings ratio of 295.96 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the prior year, the business earned $0.03 EPS. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Institutional Trading of Palantir Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in PLTR. Envestnet Portfolio Solutions Inc. grew its stake in shares of Palantir Technologies by 9.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 26,919 shares of the company’s stock worth $619,000 after buying an additional 2,427 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Palantir Technologies by 32.0% in the 1st quarter. Empowered Funds LLC now owns 24,741 shares of the company’s stock worth $569,000 after buying an additional 6,002 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Palantir Technologies by 183.3% in the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock worth $3,645,000 after buying an additional 102,479 shares during the last quarter. Sei Investments Co. grew its stake in shares of Palantir Technologies by 20.1% in the 1st quarter. Sei Investments Co. now owns 299,667 shares of the company’s stock worth $6,895,000 after buying an additional 50,159 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in shares of Palantir Technologies by 5.1% in the 1st quarter. Meeder Advisory Services Inc. now owns 19,938 shares of the company’s stock worth $459,000 after buying an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Monness Crespi & Hardt lowered their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Mizuho boosted their target price on Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 5th. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Finally, The Goldman Sachs Group increased their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.71.

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.