Insider Selling: Palantir Technologies Inc. (NYSE:PLTR) Director Sells 3,050 Shares of Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat sold 3,050 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total transaction of $80,611.50. Following the transaction, the director now directly owns 65,989 shares in the company, valued at $1,744,089.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, July 15th, Lauren Elaina Friedman Stat sold 2,000 shares of Palantir Technologies stock. The shares were sold at an average price of $28.97, for a total transaction of $57,940.00.

Palantir Technologies Price Performance

Shares of NYSE PLTR traded down $0.64 during midday trading on Monday, hitting $24.10. The company’s stock had a trading volume of 86,622,849 shares, compared to its average volume of 54,707,223. The business’s fifty day simple moving average is $25.37 and its two-hundred day simple moving average is $23.33. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $29.83. The firm has a market capitalization of $53.67 billion, a price-to-earnings ratio of 200.83, a price-to-earnings-growth ratio of 6.02 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The business had revenue of $634.34 million during the quarter, compared to analyst estimates of $614.88 million. Analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 196,834,580 shares of the company’s stock worth $4,529,164,000 after purchasing an additional 3,029,317 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Palantir Technologies by 15.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,571,224 shares of the company’s stock worth $335,284,000 after purchasing an additional 1,980,495 shares in the last quarter. ARK Investment Management LLC boosted its position in shares of Palantir Technologies by 2.2% in the 2nd quarter. ARK Investment Management LLC now owns 13,023,099 shares of the company’s stock worth $329,875,000 after buying an additional 277,623 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its position in shares of Palantir Technologies by 19.2% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 9,829,631 shares of the company’s stock worth $226,180,000 after buying an additional 1,580,548 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Palantir Technologies by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,326,275 shares of the company’s stock worth $185,575,000 after buying an additional 292,885 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $35.00 target price on shares of Palantir Technologies in a research report on Friday. Jefferies Financial Group increased their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Monness Crespi & Hardt cut shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a research report on Friday, June 21st. Argus assumed coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Royal Bank of Canada raised their price objective on shares of Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 7th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $21.96.

About Palantir Technologies

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.