Insider Selling: Palantir Technologies (NASDAQ:PLTR) Director Sells $616,590.00 in Stock

Palantir Technologies Inc. (NASDAQ:PLTRGet Free Report) Director Lauren Elaina Friedman Stat sold 3,400 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $616,590.00. Following the completion of the transaction, the director directly owned 58,687 shares in the company, valued at $10,642,887.45. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Palantir Technologies Price Performance

Shares of PLTR opened at $176.86 on Friday. Palantir Technologies Inc. has a 1-year low of $63.40 and a 1-year high of $207.52. The stock has a market cap of $421.54 billion, a PE ratio of 421.11, a price-to-earnings-growth ratio of 4.57 and a beta of 1.54. The firm has a fifty day moving average price of $179.67 and a 200 day moving average price of $170.17.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The business’s revenue was up 62.8% compared to the same quarter last year. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLTR. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Daiwa Capital Markets raised their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Citigroup upped their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group raised their price target on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $174.69.

Get Our Latest Report on PLTR

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PLTR. Bare Financial Services Inc lifted its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the period. Financial Consulate Inc. purchased a new position in Palantir Technologies in the third quarter worth $30,000. Retirement Wealth Solutions LLC purchased a new position in Palantir Technologies in the third quarter worth $31,000. United Financial Planning Group LLC acquired a new stake in Palantir Technologies in the third quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth $32,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Palantir Technologies

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About Palantir Technologies

(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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Insider Buying and Selling by Quarter for Palantir Technologies (NASDAQ:PLTR)

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