Palantir Technologies (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat Sells 1,358 Shares of Stock

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

Palantir Technologies Trading Down 2.1%

NASDAQ:PLTR opened at $171.70 on Thursday. The firm has a market cap of $412.61 billion, a price-to-earnings ratio of 120.07, a price-to-earnings-growth ratio of 3.04 and a beta of 1.65. The company’s 50-day moving average is $186.84 and its two-hundred day moving average is $153.86. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $212.94.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The firm’s revenue for the quarter was up 95.9% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 1.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Axiom Investment Management LLC grew its holdings in Palantir Technologies by 181.8% during the third quarter. Axiom Investment Management LLC now owns 155 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Navigoe LLC raised its position in Palantir Technologies by 17,500.0% in the third quarter. Navigoe LLC now owns 176 shares of the company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in Palantir Technologies in the third quarter worth about $35,000. Cranbrook Wealth Management LLC lifted its holdings in Palantir Technologies by 40.7% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 197 shares of the company’s stock valued at $37,000 after acquiring an additional 57 shares during the last quarter. Finally, Ballast Advisors LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at about $29,000. 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: 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

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of analyst reports. Wolfe Research started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Needham & Company LLC set a $215.00 price target on Palantir Technologies in a report on Tuesday, August 11th. Mizuho increased their price target on Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Finally, Morgan Stanley raised their price objective on Palantir Technologies from $205.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $214.53.

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.