Key Points
- Palantir Director Lauren Elaina Friedman Stat sold 3,032 shares for $500,280 at an average price of $165 under a pre-arranged Rule 10b5-1 plan. She retained 54,107 shares after the transaction.
- Palantir reported strong quarterly results, with revenue of $1.94 billion, up 92.8% year over year, and earnings per share of $0.41 versus the $0.34 analyst consensus.
- Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $190.73 price target, though the stock’s high valuation and continued insider and investor selling present risks.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 3,032 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the sale, the director directly owned 54,107 shares in the company, valued at $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $160.00, for a total transaction of $255,680.00.
- On Friday, May 29th, Lauren Elaina Friedman Stat sold 1,667 shares of Palantir Technologies stock. The shares were sold at an average price of $150.00, for a total transaction of $250,050.00.
Palantir Technologies Stock Performance
Shares of NASDAQ PLTR opened at $172.01 on Friday. The firm's 50 day moving average price is $131.76 and its 200-day moving average price is $139.92. The company has a market cap of $412.36 billion, a PE ratio of 147.02, a P/E/G ratio of 2.27 and a beta of 1.59. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm's revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. On average, analysts forecast that Palantir Technologies Inc. will post 1.24 earnings per share for the current fiscal year.
Key Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
- Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
- Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
- Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
- Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir
Institutional Investors Weigh In On Palantir Technologies
Several hedge funds and other institutional investors have recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $450,000. Bison Wealth LLC grew its stake in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC increased its holdings in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $315,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Wolfe Research started coverage on shares of Palantir Technologies in a report on Tuesday. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 target price for the company in a research report on Tuesday. BNP Paribas Exane initiated coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an "underperform" rating for the company. Zacks Research raised Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Finally, Mizuho raised their target price on Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $190.73.
View Our Latest Stock Analysis on PLTR
About Palantir Technologies
(
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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