Key Points
- Palantir director Lauren Friedman Stat sold 1,337 shares at an average price of $189.95, generating $253,963.15. The transaction, conducted under a Rule 10b5-1 plan, reduced her stake by 2.53% to 51,428 shares.
- Palantir reported strong quarterly results, with $0.41 in earnings per share versus $0.34 expected and revenue of $1.94 billion, up 92.8% year over year.
- Despite bullish sentiment around Palantir’s AI and defense growth, valuation remains a key risk: the stock trades at a P/E ratio of 161.88. Analysts collectively maintain a “Moderate Buy” rating with an average price target of $195.33.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Friedman Stat sold 1,337 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $189.95, for a total transaction of $253,963.15. Following the completion of the sale, the director directly owned 51,428 shares of the company's stock, valued at $9,768,748.60. The trade was a 2.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Tuesday, September 1st, Lauren Friedman Stat sold 1,342 shares of Palantir Technologies stock. The stock was sold at an average price of $182.50, for a total transaction of $244,915.00.
- 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 Stock Performance
Shares of NASDAQ:PLTR opened at $189.40 on Tuesday. The company has a market cap of $455.14 billion, a P/E ratio of 161.88, a PEG ratio of 2.65 and a beta of 1.60. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The business's 50-day simple moving average is $171.96 and its 200 day simple moving average is $148.99.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results 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. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the business earned $0.16 EPS. Palantir Technologies's quarterly revenue was up 92.8% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 1.28 earnings per share for the current year.
Institutional Investors Weigh In On Palantir Technologies
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ballast Advisors LLC bought a new position in shares of Palantir Technologies during the first quarter worth about $29,000. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $31,000. Whipplewood Advisors LLC purchased a new position in Palantir Technologies in the 1st quarter worth about $32,000. Prudent Man Investment Management Inc. purchased a new stake in Palantir Technologies during the fourth quarter valued at about $35,000. Finally, Reflection Asset Management purchased a new position in shares of Palantir Technologies in the fourth quarter worth approximately $35,000. Institutional investors own 45.65% of the company's stock.
Key Stories Impacting Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir’s AI momentum remains the central bullish argument. Analysts and financial commentators point to strong customer spending, accelerating adoption of the Artificial Intelligence Platform and 92.8% year-over-year revenue growth in the latest reported quarter. Palantir Stock Surges 42% in 3 Months: Is PLTR Worth Buying?
- Positive Sentiment: Palantir’s defense business is adding to investor confidence. The Maven Smart System was designated a formal government program of record, strengthening the company’s potential for durable public-sector revenue. Third-quarter results, scheduled for November 2, will be watched for evidence that commercial growth is maintaining its pace. Palantir Defense Momentum Strengthens the Bullish Case
- Positive Sentiment: Palantir has a strong earnings-surprise record, and Zacks argues that current estimates and operating momentum provide a favorable setup for another quarterly beat. The company previously exceeded consensus with $0.41 in earnings per share versus an estimated $0.34. Will Palantir Technologies Beat Estimates Again?
- Positive Sentiment: Commentators including Jim Cramer continue to support the long-term thesis, despite acknowledging that prior price targets were too aggressive. Other coverage argues that Palantir’s revenue growth outweighs prominent bearish views. Jim Cramer Sticks With Palantir
- Neutral Sentiment: A report on Zeta Global highlighted AI-driven growth and momentum from its partnership with Palantir. The item reinforces Palantir’s broader ecosystem reach but does not represent a direct change to PLTR’s financial outlook. Clark Wright Reiterates Buy on Zeta
- Negative Sentiment: Valuation is the principal counterargument. With a very high price-to-earnings multiple after substantial recent gains, Palantir must sustain exceptional growth to justify its market capitalization. Articles also note that investors should weigh PLTR against alternatives such as the PLTY options-income strategy rather than assuming further appreciation. Using PLTY Instead of Betting on Palantir
Analyst Upgrades and Downgrades
A number of brokerages have commented on PLTR. Weiss Ratings reiterated a "hold (c)" rating on shares of Palantir Technologies in a report on Friday, July 24th. Citigroup downgraded Palantir Technologies from a "buy" rating to a "market perform" rating in a research note on Tuesday, August 4th. BTIG Research lowered Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. Mizuho boosted their price target on Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Finally, DA Davidson increased their price target on Palantir Technologies from $200.00 to $250.00 and gave the company a "buy" rating in a report on Friday, September 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $195.33.
View Our Latest Research Report on PLTR
Palantir Technologies Company Profile
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Get Free Report)
Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.
The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.
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