Lauren Elaina Friedman Stat Sells 11,794 Shares of Palantir Technologies Inc. (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 2nd, Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00.
• On Friday, December 6th, Lauren Elaina Friedman Stat sold 10,721 shares of Palantir Technologies stock. The stock was sold at an average price of $76.78, for a total transaction of $823,158.38.
• On Monday, November 25th, Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock. The shares were sold at an average price of $66.77, for a total value of $650,740.42.
• On Friday, November 8th, Lauren Elaina Friedman Stat sold 8,860 shares of Palantir Technologies stock. The stock was sold at an average price of $58.06, for a total value of $514,411.60.

Palantir Technologies Trading Down 0.4 %

Shares of PLTR opened at $110.85 on Friday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $116.30. The company’s fifty day simple moving average is $76.46 and its 200-day simple moving average is $52.67. The company has a market cap of $252.52 billion, a P/E ratio of 554.28, a P/E/G ratio of 7.54 and a beta of 2.81.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PLTR shares. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday. Bank of America lifted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. DA Davidson lifted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Northland Securities increased their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.44.

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westover Capital Advisors LLC raised its holdings in shares of Palantir Technologies by 1.8% in the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock worth $554,000 after buying an additional 130 shares during the period. Tritonpoint Wealth LLC grew its position in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after acquiring an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC increased its stake in Palantir Technologies by 2.2% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the period. RKL Wealth Management LLC lifted its position in shares of Palantir Technologies by 2.7% during the fourth quarter. RKL Wealth Management LLC now owns 5,689 shares of the company’s stock worth $430,000 after purchasing an additional 150 shares during the last quarter. Finally, Kennebec Savings Bank boosted its stake in shares of Palantir Technologies by 29.5% during the fourth quarter. Kennebec Savings Bank now owns 698 shares of the company’s stock valued at $53,000 after purchasing an additional 159 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.