Key Points
- Palantir director Lauren Elaina Friedman Stat sold 1,667 shares on May 29 at an average price of $150, for total proceeds of $250,050. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced her ownership by 2.86%.
- Palantir has been posting strong operating results, with quarterly EPS of $0.33 beating estimates and revenue of $1.63 billion topping forecasts. Revenue jumped 84.7% year over year, underscoring continued growth momentum.
- Despite the growth, valuation remains a focal point: the stock trades at a high earnings multiple, and recent commentary has raised concerns that Palantir’s premium price already reflects aggressive expectations. Analyst sentiment is still mostly positive overall, with a consensus rating of Moderate Buy and an average target price of $192.76.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 1,667 shares of Palantir Technologies stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $150.00, for a total transaction of $250,050.00. Following the sale, the director owned 56,620 shares of the company's stock, valued at approximately $8,493,000. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lauren Elaina Friedman Stat also recently made the following trade(s):
- On Monday, June 1st, Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00.
Palantir Technologies Stock Performance
Shares of PLTR opened at $152.17 on Wednesday. The company has a market capitalization of $364.80 billion, a price-to-earnings ratio of 170.98, a PEG ratio of 2.55 and a beta of 1.53. The company's 50 day simple moving average is $141.80 and its 200 day simple moving average is $155.65. Palantir Technologies Inc. has a 1 year low of $118.93 and a 1 year high of $207.52.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company's quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.
Hedge Funds Weigh In On Palantir Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Foguth Wealth Management LLC. increased its position in Palantir Technologies by 224.7% during the first quarter. Foguth Wealth Management LLC. now owns 4,987 shares of the company's stock worth $781,000 after purchasing an additional 3,451 shares during the last quarter. Financial Solutions Advisory Group Inc. acquired a new position in Palantir Technologies during the first quarter worth approximately $607,000. Maripau Wealth Management LLC increased its position in Palantir Technologies by 20.6% during the first quarter. Maripau Wealth Management LLC now owns 1,657 shares of the company's stock worth $242,000 after purchasing an additional 283 shares during the last quarter. Allen Capital Group LLC increased its position in Palantir Technologies by 2.8% during the first quarter. Allen Capital Group LLC now owns 4,600 shares of the company's stock worth $673,000 after purchasing an additional 125 shares during the last quarter. Finally, Summitry LLC increased its position in Palantir Technologies by 97.5% during the first quarter. Summitry LLC now owns 3,942 shares of the company's stock worth $577,000 after purchasing an additional 1,946 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.
Trending Headlines about Palantir Technologies
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Wall Street Analysts Forecast Growth
PLTR has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Zacks Research raised shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Oppenheimer initiated coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They set an "outperform" rating and a $200.00 price objective on the stock. DA Davidson reduced their price objective on shares of Palantir Technologies from $180.00 to $165.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 5th. Finally, Phillip Securities upped their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has an average rating of "Moderate Buy" and a consensus target price of $192.76.
Check Out Our Latest Report on Palantir Technologies
Palantir Technologies Company Profile
(
Get Free Report)
Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.
Palantir's product portfolio centers on a small number of core platforms.
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