Palantir Technologies Inc. (NYSE:PLTR) Director Sells $406,646.46 in Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat sold 8,054 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the completion of the transaction, the director now directly owns 130,250 shares in the company, valued at approximately $6,576,322.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $321,391.90.
• On Monday, September 23rd, Lauren Elaina Friedman Stat sold 6,655 shares of Palantir Technologies stock. The stock was sold at an average price of $38.17, for a total transaction of $254,021.35.
• On Monday, September 16th, Lauren Elaina Friedman Stat sold 6,000 shares of Palantir Technologies stock. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00.
• On Monday, September 9th, Lauren Elaina Friedman Stat sold 6,050 shares of Palantir Technologies stock. The stock was sold at an average price of $33.19, for a total transaction of $200,799.50.

Palantir Technologies Stock Up 0.6 %

Shares of PLTR traded up $0.34 during mid-day trading on Thursday, hitting $55.87. 121,369,861 shares of the company’s stock were exchanged, compared to its average volume of 57,446,848. The firm has a fifty day moving average of $39.10 and a two-hundred day moving average of $30.15. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $56.47. The stock has a market cap of $125.12 billion, a price-to-earnings ratio of 278.85 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 10.41%. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period last year, the business posted $0.03 EPS. Palantir Technologies’s revenue was up 30.0% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new position in Palantir Technologies during the 1st quarter valued at about $42,000. Mediolanum International Funds Ltd bought a new position in Palantir Technologies during the 1st quarter valued at about $597,000. Signaturefd LLC lifted its holdings in Palantir Technologies by 8.5% during the 1st quarter. Signaturefd LLC now owns 39,999 shares of the company’s stock valued at $920,000 after purchasing an additional 3,136 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Palantir Technologies by 7.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 12,118 shares of the company’s stock valued at $279,000 after purchasing an additional 842 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Palantir Technologies by 9.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 26,919 shares of the company’s stock valued at $619,000 after purchasing an additional 2,427 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. DA Davidson boosted their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research report on Thursday. Finally, Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.71.

Palantir Technologies Company Profile

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.