Lauren Elaina Friedman Stat Sells 1,667 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat sold 1,667 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $150.00, for a total value of $250,050.00. Following the completion of the sale, the director directly owned 56,620 shares of the company’s stock, valued at approximately $8,493,000. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 value of $255,680.00.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $142.20 on Thursday. The stock has a market cap of $340.90 billion, a price-to-earnings ratio of 159.78, a PEG ratio of 2.41 and a beta of 1.53. The business has a 50 day simple moving average of $141.45 and a 200 day simple moving average of $155.22. Palantir Technologies Inc. has a 52 week low of $118.93 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. On average, analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLTR. Milestone Asset Management LLC grew its position in Palantir Technologies by 229.5% in the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after acquiring an additional 42,173 shares during the period. VCI Wealth Management LLC grew its position in Palantir Technologies by 42.3% in the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after acquiring an additional 3,621 shares during the period. Public Sector Pension Investment Board grew its position in Palantir Technologies by 135.3% in the third quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company’s stock valued at $98,659,000 after acquiring an additional 310,942 shares during the period. Vanguard Group Inc. grew its position in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after acquiring an additional 1,557,828 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Palantir Technologies in the fourth quarter valued at $222,143,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTR. Oppenheimer began coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target for the company. Citigroup boosted their target price on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings lowered Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Finally, Phillip Securities boosted their target price on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

More Palantir Technologies News

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

• Positive Sentiment: Several recent articles remain constructive on Palantir’s long-term growth story, pointing to strong demand for its AI platform, expanding commercial partnerships, and continued momentum in defense and public-sector AI use cases. Palantir’s AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
• Positive Sentiment: Coverage also highlighted Palantir’s recent business wins, including an extended Foundry partnership with Cavanagh that could broaden commercial adoption and support future revenue growth. Why Palantir Technologies (PLTR) Is Up 17.4% After Cavanagh Extends Foundry And Becomes Channel Partner
• Neutral Sentiment: Some commentary remains mixed but not clearly negative, with articles debating whether Palantir’s premium valuation is justified after its strong earnings and rapid revenue growth. Zoom vs. SpaceX vs. Palantir: Which Stock Offers the Best Risk-Reward for the Next 5 Years?
• Negative Sentiment: Bearish headlines weighed on the stock after Michael Burry reiterated his negative stance on Palantir, reinforcing concerns that the shares remain expensive relative to fundamentals. Palantir faces fresh skepticism from Michael Burry
• Negative Sentiment: Insider selling also added to the pressure, with a Palantir director disclosing additional share sales under a pre-arranged trading plan, which investors may view as a caution signal. Lauren Elaina Friedman Stat Sells 1,667 Shares of Palantir Technologies (NASDAQ:PLTR) Stock
• Negative Sentiment: Technical trading weakness and policy risk also hurt sentiment, including reports that PLTR hit resistance at its 200-day moving average and UK lawmakers questioning Palantir’s role in public-sector contracts. UK lawmakers call Palantir’s role public sector an unacceptable weakness

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.