Key Points
- Director Lauren Elaina Friedman Stat sold 1,358 Palantir shares for about $253,000 at an average price of $186.29 under a pre-arranged Rule 10b5-1 plan; she retained 45,044 shares.
- Palantir beat quarterly expectations, reporting EPS of $0.44 and revenue of $2.31 billion, up 95.9% year over year. The company also raised its 2026 revenue outlook to $8.5 billion, according to the article’s market news summary.
- Despite strong growth, Palantir faces valuation and bookings-growth concerns; shares opened at $171.70, and the stock’s reported P/E ratio was 120.07.
Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) Director Lauren Friedman Stat sold 1,358 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $186.29, for a total transaction of $252,981.82. Following the sale, the director owned 45,044 shares of the company's stock, valued at $8,391,246.76. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 8th, Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00.
- On Thursday, October 1st, Lauren Friedman Stat sold 1,337 shares of Palantir Technologies stock. The shares were sold at an average price of $189.95, for a total value of $253,963.15.
- 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 value of $244,915.00.
Palantir Technologies Stock Down 2.1%
PLTR opened at $171.70 on Thursday. The firm has a market cap of $412.61 billion, a PE ratio of 120.07, a P/E/G ratio of 3.04 and a beta of 1.65. The business has a fifty day simple moving average of $186.84 and a 200-day simple moving average of $153.86. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. Palantir Technologies's revenue for the quarter was up 95.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 1.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of PLTR. Keybank National Association OH increased its holdings in shares of Palantir Technologies by 18.9% during the 3rd quarter. Keybank National Association OH now owns 38,856 shares of the company's stock valued at $7,268,000 after acquiring an additional 6,187 shares during the last quarter. Triton Wealth Management PLLC raised its stake in shares of Palantir Technologies by 15.4% in the 3rd quarter. Triton Wealth Management PLLC now owns 4,353 shares of the company's stock valued at $748,000 after acquiring an additional 581 shares in the last quarter. D Orazio & Associates Inc. raised its stake in shares of Palantir Technologies by 9.0% in the 3rd quarter. D Orazio & Associates Inc. now owns 4,222 shares of the company's stock valued at $790,000 after acquiring an additional 348 shares in the last quarter. Account Management LLC acquired a new stake in Palantir Technologies in the 3rd quarter worth approximately $1,440,000. Finally, New York Life Investment Management LLC lifted its holdings in Palantir Technologies by 14.0% in the 3rd quarter. New York Life Investment Management LLC now owns 365,072 shares of the company's stock worth $68,287,000 after purchasing an additional 44,848 shares during the last quarter. Institutional investors and hedge funds 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 beat Q3 estimates, with revenue rising 96% year over year to $2.31 billion and earnings also topping expectations. It raised its 2026 revenue outlook to $8.5 billion and forecast Q4 revenue of $2.6 billion to $2.7 billion. U.S. commercial revenue surged 148% and exceeded U.S. government revenue for the first time. Palantir beats Q3 estimates and raises outlook
- Positive Sentiment: Barclays raised its price target to $273 and kept an Overweight rating, reflecting optimism about Palantir’s growth prospects. Barclays price target update
- Positive Sentiment: Palantir announced a partnership with footwear manufacturer Changshin to use Foundry and AIP across product development and factory operations, adding a commercial customer and use case. Changshin and Palantir partnership
- Neutral Sentiment: ARK bought Palantir shares while some ETFs also added to their holdings, signaling investor support, though these flows do not resolve concerns about fundamentals or valuation. ETF purchases of Palantir shares
- Negative Sentiment: Investors focused on slower bookings: total contract value grew 6%, versus 49% in the prior quarter, while U.S. commercial contract-value growth also decelerated. That raised questions about whether future demand will translate into new contracts as quickly as revenue growth suggests. Analysts cite bookings growth concerns
- Negative Sentiment: Palantir’s lofty valuation leaves little room for disappointment, and broader concerns about an AI-stock bubble may amplify volatility. Midterm election results also raised concern that a proposed defense budget could be reduced, potentially affecting government-related demand. Election-related concerns for Palantir
Analysts Set New Price Targets
Several research firms have recently commented on PLTR. Mizuho boosted their price target on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an "outperform" rating in a report on Thursday, October 15th. UBS Group reaffirmed a "buy" rating on shares of Palantir Technologies in a research note on Tuesday. Cantor Fitzgerald increased their price objective on Palantir Technologies from $156.00 to $207.00 and gave the stock a "neutral" rating in a report on Monday. DA Davidson reissued a "buy" rating and set a $250.00 price objective on shares of Palantir Technologies in a research report on Tuesday. Finally, Roth Capital assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.53.
Get Our Latest Stock Analysis on PLTR
Palantir Technologies Company Profile
(
Get Free Report)
Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.
Palantir's principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization's data and operational systems.
Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.
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