Palantir Technologies (NASDAQ:PLTR) Director Sells $252,981.82 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Friedman Stat sold 1,358 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.29, for a total value of $252,981.82. Following the sale, the director directly owned 45,044 shares of the company’s stock, valued at approximately $8,391,246.76. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Thursday, October 8th, Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00.
• On Thursday, October 1st, Lauren Friedman Stat sold 1,337 shares of Palantir Technologies stock. The shares were sold at an average price of $189.95, for a total value of $253,963.15.
• On Tuesday, September 1st, Lauren Friedman Stat sold 1,342 shares of Palantir Technologies stock. The stock was sold at an average price of $182.50, for a total transaction of $244,915.00.

Palantir Technologies Stock Down 2.1%

Shares of NASDAQ:PLTR traded down $3.70 during trading on Wednesday, reaching $171.70. 34,931,075 shares of the company traded hands, compared to its average volume of 25,800,460. The firm has a fifty day simple moving average of $186.84 and a 200 day simple moving average of $153.86. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $212.94. The firm has a market cap of $412.61 billion, a P/E ratio of 120.07, a price-to-earnings-growth ratio of 3.04 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The company’s revenue was up 95.9% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Axiom Investment Management LLC raised its stake in shares of Palantir Technologies by 181.8% during the 3rd quarter. Axiom Investment Management LLC now owns 155 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Navigoe LLC increased its holdings in Palantir Technologies by 17,500.0% during the third quarter. Navigoe LLC now owns 176 shares of the company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in Palantir Technologies during the third quarter worth $35,000. Cranbrook Wealth Management LLC raised its position in Palantir Technologies by 40.7% during the third quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock worth $37,000 after acquiring an additional 57 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in Palantir Technologies in the first quarter valued at $29,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Phillip Securities cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research note on Monday, October 26th. Weiss Ratings upgraded Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. assumed coverage on Palantir Technologies in a research report on Thursday, October 29th. They issued an “overweight” rating and a $262.00 price target on the stock. Finally, Piper Sandler reiterated an “overweight” rating and issued a $235.00 price target (up from $231.00) on shares of Palantir Technologies in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $214.53.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 estimates, with revenue rising 96% year over year to $2.31 billion and earnings also topping expectations. It raised its 2026 revenue outlook to $8.5 billion and forecast Q4 revenue of $2.6 billion to $2.7 billion. U.S. commercial revenue surged 148% and exceeded U.S. government revenue for the first time. Palantir beats Q3 estimates and raises outlook
• Positive Sentiment: Barclays raised its price target to $273 and kept an Overweight rating, reflecting optimism about Palantir’s growth prospects. Barclays price target update
• Positive Sentiment: Palantir announced a partnership with footwear manufacturer Changshin to use Foundry and AIP across product development and factory operations, adding a commercial customer and use case. Changshin and Palantir partnership
• Neutral Sentiment: ARK bought Palantir shares while some ETFs also added to their holdings, signaling investor support, though these flows do not resolve concerns about fundamentals or valuation. ETF purchases of Palantir shares
• Negative Sentiment: Investors focused on slower bookings: total contract value grew 6%, versus 49% in the prior quarter, while U.S. commercial contract-value growth also decelerated. That raised questions about whether future demand will translate into new contracts as quickly as revenue growth suggests. Analysts cite bookings growth concerns
• Negative Sentiment: Palantir’s lofty valuation leaves little room for disappointment, and broader concerns about an AI-stock bubble may amplify volatility. Midterm election results also raised concern that a proposed defense budget could be reduced, potentially affecting government-related demand. Election-related concerns for Palantir

Palantir Technologies Company Profile

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.