Palantir Technologies (NASDAQ:PLTR) Stock: Insider Lauren Elaina Friedman Stat Sells 1,337 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Friedman Stat sold 1,337 shares of the firm’s 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 owned 51,428 shares in the company, valued at approximately $9,768,748.60. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction 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 transaction of $500,280.00.

Palantir Technologies Stock Performance

NASDAQ PLTR traded up $0.65 during trading hours on Monday, hitting $189.40. The company had a trading volume of 17,678,431 shares, compared to its average volume of 21,635,254. The business has a 50 day moving average of $171.96 and a 200-day moving average of $148.99. The company has a market cap of $455.14 billion, a PE ratio of 161.88, a price-to-earnings-growth ratio of 2.65 and a beta of 1.60. Palantir Technologies Inc. has a 1-year low of $106.37 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s AI momentum remains the central bullish argument. Analysts and financial commentators point to strong customer spending, accelerating adoption of the Artificial Intelligence Platform and 92.8% year-over-year revenue growth in the latest reported quarter. Palantir Stock Surges 42% in 3 Months: Is PLTR Worth Buying?
• Positive Sentiment: Palantir’s defense business is adding to investor confidence. The Maven Smart System was designated a formal government program of record, strengthening the company’s potential for durable public-sector revenue. Third-quarter results, scheduled for November 2, will be watched for evidence that commercial growth is maintaining its pace. Palantir Defense Momentum Strengthens the Bullish Case
• Positive Sentiment: Palantir has a strong earnings-surprise record, and Zacks argues that current estimates and operating momentum provide a favorable setup for another quarterly beat. The company previously exceeded consensus with $0.41 in earnings per share versus an estimated $0.34. Will Palantir Technologies Beat Estimates Again?
• Positive Sentiment: Commentators including Jim Cramer continue to support the long-term thesis, despite acknowledging that prior price targets were too aggressive. Other coverage argues that Palantir’s revenue growth outweighs prominent bearish views. Jim Cramer Sticks With Palantir
• Neutral Sentiment: A report on Zeta Global highlighted AI-driven growth and momentum from its partnership with Palantir. The item reinforces Palantir’s broader ecosystem reach but does not represent a direct change to PLTR’s financial outlook. Clark Wright Reiterates Buy on Zeta
• Negative Sentiment: Valuation is the principal counterargument. With a very high price-to-earnings multiple after substantial recent gains, Palantir must sustain exceptional growth to justify its market capitalization. Articles also note that investors should weigh PLTR against alternatives such as the PLTY options-income strategy rather than assuming further appreciation. Using PLTY Instead of Betting on Palantir

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PLTR shares. Citigroup downgraded shares of Palantir Technologies from a “buy” rating to a “market perform” rating in a research report on Tuesday, August 4th. Benchmark restated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Mizuho increased their price objective on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Palantir Technologies in a research note on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $195.33.

Institutional Trading of Palantir Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Guardian Wealth Advisors LLC NC lifted its holdings in Palantir Technologies by 67.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock valued at $1,240,000 after purchasing an additional 4,283 shares in the last quarter. Independent Financial Group LLC lifted its stake in shares of Palantir Technologies by 20.8% during the 2nd quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock worth $21,957,000 after purchasing an additional 32,427 shares during the period. World Equity Group Inc. grew its position in shares of Palantir Technologies by 7.2% in the second quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock valued at $5,090,000 after purchasing an additional 2,948 shares during the period. Sage Capital Advisors llc boosted its stake in Palantir Technologies by 63.5% in the 2nd quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock worth $7,810,000 after buying an additional 25,995 shares during the last quarter. Finally, V. M. Manning & CO. Inc. acquired a new stake in Palantir Technologies in the 2nd quarter worth about $539,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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.