Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat Sells 10,721 Shares

Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat sold 10,721 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $76.78, for a total value of $823,158.38. Following the transaction, the director now owns 100,923 shares of the company’s stock, valued at approximately $7,748,867.94. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 25th, Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock. The shares were 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 shares were 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 stock was sold at an average price of $43.90, for a total value of $321,391.90.
• On Monday, September 23rd, Lauren Elaina Friedman Stat sold 6,655 shares of Palantir Technologies stock. The stock was sold at an average price of $38.17, for a total value 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 value of $218,100.00.

Palantir Technologies Stock Up 1.0 %

NYSE PLTR opened at $73.20 on Friday. The business’s 50-day moving average price is $55.02 and its 200 day moving average price is $38.01. The firm has a market cap of $166.75 billion, a P/E ratio of 366.00, a P/E/G ratio of 10.29 and a beta of 2.87. Palantir Technologies Inc. has a 52-week low of $15.66 and a 52-week high of $80.91.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PLTR. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a research note on Thursday, November 7th. Northland Securities increased their target price on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird started coverage on Palantir Technologies in a research note on Thursday. They set a “neutral” rating and a $70.00 target price for the company. Finally, Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.93.

Hedge Funds Weigh In On Palantir Technologies

A number of large investors have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Palantir Technologies during the second quarter worth about $25,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $25,000. Prestige Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Palantir Technologies during the second quarter worth $30,000. Hedge funds and other institutional investors 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.