Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat Sells 8,860 Shares

Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat sold 8,860 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $58.06, for a total transaction of $514,411.60. Following the completion of the sale, the director now owns 121,390 shares in the company, valued at $7,047,903.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

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

Palantir Technologies Stock Down 0.6 %

Shares of Palantir Technologies stock traded down $0.37 on Tuesday, hitting $59.87. The stock had a trading volume of 58,840,801 shares, compared to its average volume of 57,808,684. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $62.08. The business’s 50 day moving average is $40.71 and its two-hundred day moving average is $30.98. The stock has a market cap of $134.08 billion, a price-to-earnings ratio of 297.26 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Palantir Technologies

A number of large investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in Palantir Technologies in the 3rd quarter valued at about $25,000. Summit Securities Group LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies during the 2nd quarter valued at $25,000. Creekmur Asset Management LLC increased its holdings in shares of Palantir Technologies by 46.0% in the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after purchasing an additional 335 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in Palantir Technologies by 47.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock worth $44,000 after acquiring an additional 380 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLTR shares. Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Bank of America lifted their price target on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Jefferies Financial Group downgraded 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. Finally, Monness Crespi & Hardt dropped their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. Six research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.71.

Palantir Technologies Company Profile

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.