Lauren Elaina Friedman Stat Sells 1,598 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of the sale, the director owned 55,022 shares of the company’s stock, valued at $8,803,520. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Friday, May 29th, Lauren Elaina Friedman Stat sold 1,667 shares of Palantir Technologies stock. The shares were sold at an average price of $150.00, for a total transaction of $250,050.00.

Palantir Technologies Stock Down 6.6%

Shares of NASDAQ PLTR opened at $142.20 on Thursday. The firm has a 50-day simple moving average of $141.45 and a 200-day simple moving average of $155.22. The stock has a market capitalization of $340.90 billion, a price-to-earnings ratio of 159.78, a price-to-earnings-growth ratio of 2.41 and a beta of 1.53. Palantir Technologies Inc. has a 52 week low of $118.93 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, equities research analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Trending Headlines about Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Several recent articles remain constructive on Palantir’s long-term growth story, pointing to strong demand for its AI platform, expanding commercial partnerships, and continued momentum in defense and public-sector AI use cases. Palantir’s AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
• Positive Sentiment: Coverage also highlighted Palantir’s recent business wins, including an extended Foundry partnership with Cavanagh that could broaden commercial adoption and support future revenue growth. Why Palantir Technologies (PLTR) Is Up 17.4% After Cavanagh Extends Foundry And Becomes Channel Partner
• Neutral Sentiment: Some commentary remains mixed but not clearly negative, with articles debating whether Palantir’s premium valuation is justified after its strong earnings and rapid revenue growth. Zoom vs. SpaceX vs. Palantir: Which Stock Offers the Best Risk-Reward for the Next 5 Years?
• Negative Sentiment: Bearish headlines weighed on the stock after Michael Burry reiterated his negative stance on Palantir, reinforcing concerns that the shares remain expensive relative to fundamentals. Palantir faces fresh skepticism from Michael Burry
• Negative Sentiment: Insider selling also added to the pressure, with a Palantir director disclosing additional share sales under a pre-arranged trading plan, which investors may view as a caution signal. Lauren Elaina Friedman Stat Sells 1,667 Shares of Palantir Technologies (NASDAQ:PLTR) Stock
• Negative Sentiment: Technical trading weakness and policy risk also hurt sentiment, including reports that PLTR hit resistance at its 200-day moving average and UK lawmakers questioning Palantir’s role in public-sector contracts. UK lawmakers call Palantir’s role public sector an unacceptable weakness

Analysts Set New Price Targets

PLTR has been the subject of a number of recent research reports. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and reduced their target price for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Benchmark started coverage on shares of Palantir Technologies in a report on Wednesday, April 1st. They issued a “hold” rating for the company. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Tuesday, February 10th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PLTR. Bare Financial Services Inc boosted its stake in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the period. Basepoint Wealth LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $29,000. Morton Brown Family Wealth LLC boosted its stake in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $31,000. Finally, United Financial Planning Group LLC purchased a new position in Palantir Technologies during the third quarter worth about $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

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.