Key Points
- Palantir director Lauren Friedman Stat sold 1,342 shares for $244,915 at an average price of $182.50 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 2.48% to 52,765 shares.
- Palantir reported strong quarterly results, with $0.41 in earnings per share versus the $0.34 consensus estimate and $1.94 billion in revenue, up 92.8% year over year.
- The stock has rallied sharply but remains richly valued, with a market capitalization above $400 billion and a P/E ratio of 156. Analysts maintain a “Moderate Buy” consensus, while competition and concerns about valuation pose risks.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Friedman Stat sold 1,342 shares of Palantir Technologies stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $182.50, for a total value of $244,915.00. Following the transaction, the director owned 52,765 shares in the company, valued at $9,629,612.50. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 Wednesday, August 5th, Lauren Friedman Stat sold 3,032 shares of Palantir Technologies stock. The stock was sold at an average price of $165.00, for a total value of $500,280.00.
Palantir Technologies Trading Up 7.7%
Shares of NASDAQ PLTR opened at $182.53 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The firm has a market capitalization of $438.63 billion, a PE ratio of 156.01, a PEG ratio of 2.40 and a beta of 1.62. The business has a 50-day moving average price of $148.99 and a two-hundred day moving average price of $143.33.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm's quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. Research analysts anticipate that Palantir Technologies Inc. will post 1.27 EPS for the current year.
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Expanded PwC alliance supports enterprise growth. Palantir and PwC will collaborate on scaling enterprise AI, mergers-and-acquisitions transformation and ERP modernization. The partnership could help Palantir reach more corporate customers and convert AI interest into larger, recurring deployments. PwC and Palantir Expand Strategic Alliance to Help Organizations Scale Enterprise AI
- Positive Sentiment: Palantir’s implementation model is gaining industry recognition. A Fortune report noted that technology companies are increasingly adopting Palantir’s “forward-deployed engineer” approach, placing engineers directly with customers to implement AI systems. This may reinforce the company’s competitive positioning, although it also highlights a potentially labor-intensive delivery model. One of the Fastest-Growing Jobs in Silicon Valley
- Neutral Sentiment: Management continues promoting proprietary AI advantages. CEO Alex Karp argued that the key risk in enterprise AI is exposing a company’s proprietary “alpha,” rather than simply leaking data. The comments support Palantir’s emphasis on secure, customized AI deployments but do not represent a new contract or financial forecast. Palantir’s Alex Karp: The Real AI Leak Isn’t Data, It’s Your Alpha
- Negative Sentiment: Competition and valuation remain major risks. Analysts pointed to Google’s new government-focused AI tools as a potential threat to Palantir’s lucrative public-sector business. Separately, Burry renewed his criticism, alleging weakening bargaining power and channel stuffing and warning that Palantir resembles an AI-FOMO bubble. With a market capitalization above $400 billion and a triple-digit P/E ratio, the stock remains highly sensitive to any slowdown in growth or margin expansion. What’s Bugging Palantir’s Stock?
Hedge Funds Weigh In On Palantir Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Range Advisory LLC lifted its stake in Palantir Technologies by 6.7% in the second quarter. Range Advisory LLC now owns 11,245 shares of the company's stock valued at $1,312,000 after acquiring an additional 704 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of Palantir Technologies by 3.5% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 7,979 shares of the company's stock worth $931,000 after purchasing an additional 273 shares during the last quarter. Cornerstone Financial Management LLC increased its stake in shares of Palantir Technologies by 53.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 357 shares of the company's stock worth $42,000 after purchasing an additional 124 shares during the last quarter. Formuepleje A S bought a new position in shares of Palantir Technologies during the 2nd quarter valued at $1,448,000. Finally, Amundi raised its holdings in shares of Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company's stock valued at $2,056,082,000 after purchasing an additional 1,212,653 shares in the last quarter. Institutional investors own 45.65% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Zacks Research upgraded shares of Palantir Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. DA Davidson boosted their price target on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Benchmark reaffirmed a "hold" rating on shares of Palantir Technologies in a research note on Tuesday, August 4th. Oppenheimer downgraded shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. Finally, Northland Securities set a $200.00 price objective on Palantir Technologies in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.19.
Check Out Our Latest Research 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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