Lauren Elaina Friedman Stat Sells 9,746 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock

Palantir Technologies Inc. (NYSE:PLTR) Director Lauren Elaina Friedman Stat sold 9,746 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the transaction, the director now owns 111,644 shares of the company’s stock, valued at approximately $7,454,469.88. The trade was a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lauren Elaina Friedman Stat also recently made the following trade(s):

• On Friday, November 8th, Lauren Elaina Friedman Stat sold 8,860 shares of Palantir Technologies stock. The stock was sold at an average price of $58.06, for a total value of $514,411.60.
• On Tuesday, November 5th, Lauren Elaina Friedman Stat sold 8,054 shares of Palantir Technologies stock. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46.
• On Friday, October 11th, Lauren Elaina Friedman Stat sold 7,321 shares of Palantir Technologies stock. The stock was sold at an average price of $43.90, for a total transaction of $321,391.90.
• On Monday, September 23rd, Lauren Elaina Friedman Stat sold 6,655 shares of Palantir Technologies stock. The stock was sold at an average price of $38.17, for a total value of $254,021.35.
• On Monday, September 16th, Lauren Elaina Friedman Stat sold 6,000 shares of Palantir Technologies stock. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00.
• On Monday, September 9th, Lauren Elaina Friedman Stat sold 6,050 shares of Palantir Technologies stock. The shares were sold at an average price of $33.19, for a total value of $200,799.50.

Palantir Technologies Trading Up 0.5 %

NYSE:PLTR traded up $0.31 during mid-day trading on Wednesday, reaching $66.05. The company’s stock had a trading volume of 53,672,767 shares, compared to its average volume of 58,838,715. The stock has a market cap of $150.46 billion, a P/E ratio of 328.77 and a beta of 2.70. The firm’s fifty day moving average price is $47.09 and its two-hundred day moving average price is $34.10. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $67.88.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Walter & Keenan Wealth Management LLC IN ADV increased its position in shares of Palantir Technologies by 1.2% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock valued at $729,000 after purchasing an additional 235 shares during the last quarter. Greater Midwest Financial Group LLC grew its position in Palantir Technologies by 0.3% during the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock valued at $3,251,000 after buying an additional 250 shares during the period. Quantum Private Wealth LLC increased its holdings in Palantir Technologies by 1.1% during the third quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock valued at $865,000 after buying an additional 250 shares during the last quarter. Truvestments Capital LLC raised its position in Palantir Technologies by 2.4% in the third quarter. Truvestments Capital LLC now owns 12,169 shares of the company’s stock worth $453,000 after acquiring an additional 291 shares during the period. Finally, LCM Capital Management Inc grew its position in shares of Palantir Technologies by 0.9% during the 3rd quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock valued at $1,207,000 after acquiring an additional 300 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wedbush boosted their price objective on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup upped their price target on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. DA Davidson lifted their price objective on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Mizuho upped their target price on Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, November 5th. Finally, Bank of America raised their price target on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.64.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.