Palantir Technologies (NASDAQ:PLTR) Stock: Insider Lauren Elaina Friedman Stat Sells 5,026 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the transaction, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 1st, Lauren Friedman Stat sold 1,337 shares of Palantir Technologies stock. The stock was 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 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 Down 3.7%

Shares of Palantir Technologies stock opened at $200.97 on Thursday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The stock has a market capitalization of $482.94 billion, a P/E ratio of 171.77, a PEG ratio of 2.87 and a beta of 1.60. The business’s fifty day moving average price is $181.44 and its 200 day moving average price is $151.35.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 92.8% compared to the same quarter last year. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on PLTR. Weiss Ratings upgraded Palantir Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Mizuho boosted their price target on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price target for the company in a report on Thursday, October 8th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 4th. Finally, Wolfe Research assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.54.

Institutional Investors Weigh In On Palantir Technologies

Hedge funds have recently bought and sold shares of the business. Ballast Advisors LLC bought a new position in Palantir Technologies during the 1st quarter valued at $29,000. Cornerstone Financial Management LLC acquired a new position in Palantir Technologies during the 4th quarter worth $31,000. Whipplewood Advisors LLC acquired a new position in Palantir Technologies during the 1st quarter worth $32,000. Reflection Asset Management bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $35,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Palantir Technologies in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

Palantir Technologies Company Profile

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.