Key Points
- Palantir director Lauren Friedman Stat sold 5,026 shares at an average price of $199, generating approximately $1.0 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving her with 46,402 shares.
- Palantir reported strong operating results, with quarterly revenue of $1.94 billion, up 92.8% year over year, and EPS of $0.41 versus the $0.34 consensus estimate.
- Analyst sentiment remains broadly positive: MarketBeat reports an average rating of “Moderate Buy” and an average price target of $200.54, while the stock recently traded near its 12-month high and carried a valuation above 178 times earnings.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director owned 46,402 shares of the company's stock, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Thursday, October 1st, Lauren Friedman Stat sold 1,337 shares of Palantir Technologies stock. The stock was sold at an average price of $189.95, for a total transaction of $253,963.15.
- On Tuesday, September 1st, Lauren Friedman Stat sold 1,342 shares of Palantir Technologies stock. The shares were 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 shares were sold at an average price of $165.00, for a total transaction of $500,280.00.
Palantir Technologies Trading Down 0.2%
Shares of PLTR opened at $208.67 on Wednesday. The stock has a market capitalization of $501.45 billion, a P/E ratio of 178.35, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60. The firm's fifty day simple moving average is $180.59 and its two-hundred day simple moving average is $150.98. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.81 billion. During the same period last year, the company posted $0.16 EPS. The business's quarterly revenue was up 92.8% on a year-over-year basis. As a group, research analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a research note on Thursday, October 8th. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Tuesday, August 4th. Weiss Ratings upgraded Palantir Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Finally, Mizuho raised their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and an average price target of $200.54.
Read Our Latest Stock Analysis on Palantir Technologies
Institutional Trading of Palantir Technologies
Several hedge funds have recently bought and sold shares of PLTR. Ballast Advisors LLC bought a new position in Palantir Technologies in the 1st quarter valued at about $29,000. Cornerstone Financial Management LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $31,000. Whipplewood Advisors LLC bought a new stake in Palantir Technologies during the 1st quarter worth approximately $32,000. Reflection Asset Management bought a new stake in Palantir Technologies during the 4th quarter worth approximately $35,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 45.65% of the company's stock.
Key Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir’s bullish investment case remains centered on accelerating operating performance. Management raised fiscal 2026 revenue guidance, while the company’s latest reported quarter showed revenue growth of 92.8% year over year and earnings above analysts’ expectations. Several recent analyses argue that consensus estimates may still underestimate the company’s growth potential. Palantir guidance and stock momentum
- Positive Sentiment: The launch of Regna AI with Ondas expands Palantir’s sovereign-defense strategy. The new company will develop specialized AI models for military and mission-critical applications involving drones, surveillance systems, ground vehicles and unmanned vessels, potentially creating additional government and institutional demand. Regna AI announcement
- Positive Sentiment: Investor sentiment has improved sharply following Palantir’s recent rally. Articles point to continued AI adoption, possible expansion in commercial and government markets, and rising analyst earnings estimates; some bullish forecasts see further upside despite the stock trading above many published price targets. Analyst sentiment and valuation
Palantir Technologies Company Profile
(
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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