Palantir Technologies Inc. (NASDAQ:PLTR) Director Sells $61,032.00 in Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, December 6th, Lauren Elaina Friedman Stat sold 10,721 shares of Palantir Technologies stock. The shares were sold at an average price of $76.78, for a total value of $823,158.38.
• On Monday, November 25th, Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock. The stock was sold at an average price of $66.77, for a total value of $650,740.42.
• On Friday, November 8th, Lauren Elaina Friedman Stat sold 8,860 shares of Palantir Technologies stock. The stock was sold at an average price of $58.06, for a total transaction of $514,411.60.
• On Tuesday, November 5th, Lauren Elaina Friedman Stat sold 8,054 shares of Palantir Technologies stock. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46.
• On Friday, October 11th, Lauren Elaina Friedman Stat sold 7,321 shares of Palantir Technologies stock. The shares were sold at an average price of $43.90, for a total transaction of $321,391.90.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $3.97 during midday trading on Monday, hitting $75.92. 105,251,463 shares of the company traded hands, compared to its average volume of 79,941,234. The stock has a market cap of $172.95 billion, a price-to-earnings ratio of 379.62, a PEG ratio of 10.18 and a beta of 2.82. The firm’s fifty day moving average price is $66.90 and its 200-day moving average price is $44.73. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same period in the prior year, the business earned $0.03 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities research analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Institutional Trading of Palantir Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in Palantir Technologies by 96.4% during the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company’s stock worth $3,069,463,000 after purchasing an additional 40,498,024 shares during the last quarter. Geode Capital Management LLC lifted its stake in Palantir Technologies by 52.9% in the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock valued at $1,777,568,000 after buying an additional 16,598,253 shares during the period. International Assets Investment Management LLC lifted its position in shares of Palantir Technologies by 3,476.2% during the 3rd quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company’s stock valued at $254,162,000 after acquiring an additional 6,641,253 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Palantir Technologies by 594.3% in the second quarter. Marshall Wace LLP now owns 3,550,176 shares of the company’s stock worth $89,926,000 after acquiring an additional 3,038,861 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research analyst reports. Wedbush upped their target price on Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Robert W. Baird started coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, DA Davidson increased their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.12.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.