Palantir Technologies (NASDAQ:PLTR) Stock: Insider Lauren Elaina Friedman Stat Sells 1,358 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Friedman Stat sold 1,358 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $186.29, for a total transaction of $252,981.82. Following the transaction, the director owned 45,044 shares of the company’s stock, valued at approximately $8,391,246.76. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 value of $244,915.00.

Palantir Technologies Trading Down 2.1%

NASDAQ:PLTR traded down $3.70 during trading hours on Wednesday, hitting $171.70. 34,931,075 shares of the company were exchanged, compared to its average volume of 25,800,460. The stock has a market capitalization of $412.61 billion, a price-to-earnings ratio of 120.07, a price-to-earnings-growth ratio of 3.04 and a beta of 1.65. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $212.94. The company has a fifty day simple moving average of $186.84 and a 200 day simple moving average of $153.86.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm 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%. The business’s revenue was up 95.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. Equities research analysts predict that Palantir Technologies Inc. will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Palantir Technologies

Several large investors have recently modified their holdings of the business. Jennison Associates LLC bought a new stake in Palantir Technologies in the first quarter valued at about $1,574,111,000. Arrowstreet Capital Limited Partnership grew its position in Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after purchasing an additional 7,678,747 shares during the last quarter. Bank of America Corp DE raised its stake in Palantir Technologies by 28.7% during the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after acquiring an additional 4,201,852 shares in the last quarter. Janus Henderson Group PLC grew its position in Palantir Technologies by 795.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock valued at $480,247,000 after buying an additional 2,952,079 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of Palantir Technologies in a research note on Tuesday. Weiss Ratings raised Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Robert W. Baird set a $250.00 target price on Palantir Technologies in a research note on Monday, October 12th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.53.

Key Headlines 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

About Palantir Technologies

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.