Palantir Technologies (NASDAQ:PLTR) Director Sells $253,963.15 in Stock

by · The Markets Daily

Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) Director Lauren Friedman Stat sold 1,337 shares of Palantir Technologies stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $189.95, for a total value of $253,963.15. Following the completion of the sale, the director directly owned 51,428 shares of the company’s stock, valued at approximately $9,768,748.60. This represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Tuesday, September 1st, Lauren Friedman Stat sold 1,342 shares of Palantir Technologies stock. The shares were sold at an average price of $182.50, for a total value of $244,915.00.
  • On Wednesday, August 5th, Lauren Friedman Stat sold 3,032 shares of Palantir Technologies stock. The stock was sold at an average price of $165.00, for a total value of $500,280.00.

Palantir Technologies Trading Up 1.1%

Shares of NASDAQ:PLTR opened at $194.12 on Thursday. The firm has a market cap of $466.48 billion, a price-to-earnings ratio of 165.91, a PEG ratio of 2.70 and a beta of 1.60. The stock’s 50-day moving average price is $174.75 and its two-hundred day moving average price is $149.54. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PLTR shares. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Oppenheimer downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued an “overweight” rating on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 target price on shares of Palantir Technologies in a report on Wednesday, September 23rd. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Palantir Technologies in a research report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.33.

Get Our Latest Stock Analysis on Palantir Technologies

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PLTR. Venture Visionary Partners LLC boosted its position in shares of Palantir Technologies by 43.5% in the third quarter. Venture Visionary Partners LLC now owns 107,840 shares of the company’s stock worth $20,171,000 after buying an additional 32,681 shares during the period. Retirement Wealth Solutions LLC raised its holdings in shares of Palantir Technologies by 51.7% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock valued at $41,000 after buying an additional 74 shares during the period. Cooper Financial Group raised its holdings in shares of Palantir Technologies by 21.2% during the 3rd quarter. Cooper Financial Group now owns 14,227 shares of the company’s stock valued at $2,661,000 after buying an additional 2,493 shares during the period. Whitcomb & Hess Inc. acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $281,000. Finally, Epiq Partners LLC acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $208,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Palantir Technologies

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

  • Positive Sentiment: Veteran technology analyst Dan Ives named Palantir one of his top AI picks alongside Nvidia, Microsoft, Apple and CrowdStrike, arguing that a projected $4 trillion AI-spending cycle is still in its early stages. Dan Ives AI Picks
  • Positive Sentiment: Palantir is expanding its sovereign AI strategy by pairing its Sovereign AI Operating System with Armada’s modular data centers, potentially helping customers operate AI systems with greater control over infrastructure and model weights. Palantir Sovereign AI Partnership
  • Positive Sentiment: Recent coverage remains broadly constructive, citing Palantir’s strong profitability, roughly 93% quarterly revenue growth, repeated earnings beats and partnerships with major AI companies. Analysts and commentators also continue to favor PLTR over some competing AI-data stocks. Wall Street Analyst Sentiment
  • Neutral Sentiment: Investors are focusing on the operating metric that will determine whether Palantir can sustain its premium multiple: continued growth and profitability without a significant increase in costs. The company’s next results will be important for confirming that momentum remains intact. Metric That Could Affect Palantir
  • Negative Sentiment: Valuation remains the principal risk. With PLTR trading near $194 and at an exceptionally high earnings multiple, even modestly slower growth or rising expenses could trigger a sharp reassessment. Palantir Valuation Analysis
  • Negative Sentiment: Investor Michael Burry reportedly expressed a more bearish view by using longer-dated put options on Palantir and other AI leaders, while a director’s sale of 1,337 shares under a pre-arranged Rule 10b5-1 plan adds a modest negative headline. Burry Bearish AI Position

About Palantir Technologies

(Get Free Report)

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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