Lauren Elaina Friedman Stat Sells 8,054 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat sold 8,054 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $50.49, for a total value of $406,646.46. Following the transaction, the director now directly owns 130,250 shares in the company, valued at $6,576,322.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 shares were 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 shares were sold at an average price of $33.19, for a total transaction of $200,799.50.

Palantir Technologies Trading Up 4.5 %

NYSE PLTR opened at $58.39 on Friday. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $58.48. The company has a fifty day simple moving average of $40.13 and a two-hundred day simple moving average of $30.65. The stock has a market cap of $130.76 billion, a P/E ratio of 291.96 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PLTR. Bank of America increased their target price on Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Northland Securities raised their price objective on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Wedbush boosted their target price on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. DA Davidson increased their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Monness Crespi & Hardt cut their price objective on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.71.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its position in Palantir Technologies by 22.8% during the 3rd quarter. LPL Financial LLC now owns 3,100,520 shares of the company’s stock worth $115,339,000 after buying an additional 575,790 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in shares of Palantir Technologies in the third quarter worth $207,000. Advisors Asset Management Inc. lifted its position in Palantir Technologies by 76.0% during the third quarter. Advisors Asset Management Inc. now owns 53,665 shares of the company’s stock valued at $1,996,000 after purchasing an additional 23,178 shares during the period. Kirtland Hills Capital Management LLC boosted its holdings in Palantir Technologies by 128.2% in the third quarter. Kirtland Hills Capital Management LLC now owns 27,312 shares of the company’s stock valued at $1,016,000 after purchasing an additional 15,344 shares during the last quarter. Finally, Strategy Asset Managers LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth about $927,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.