Lauren Elaina Friedman Stat Sells 800 Shares of Palantir Technologies Inc. (NASDAQ:PLTR) Stock

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares of the company’s stock, valued at $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, February 4th, Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20.

Palantir Technologies Trading Up 5.2 %

Shares of Palantir Technologies stock opened at $77.84 on Tuesday. The company’s 50-day moving average price is $92.72 and its 200-day moving average price is $71.47. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The company has a market cap of $182.56 billion, a price-to-earnings ratio of 409.71, a PEG ratio of 10.84 and a beta of 2.74.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC increased its holdings in shares of Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company’s stock worth $202,000 after purchasing an additional 98 shares during the period. Heritage Wealth Management Inc. CA boosted its position in shares of Palantir Technologies by 0.4% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after acquiring an additional 111 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Palantir Technologies by 29.3% during the fourth quarter. True Wealth Design LLC now owns 503 shares of the company’s stock worth $38,000 after purchasing an additional 114 shares in the last quarter. Westover Capital Advisors LLC increased its position in shares of Palantir Technologies by 1.8% in the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock worth $554,000 after purchasing an additional 130 shares during the last quarter. Finally, Tritonpoint Wealth LLC raised its stake in Palantir Technologies by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after purchasing an additional 132 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Royal Bank of Canada lifted their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Wedbush restated an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a research report on Monday, March 3rd. DA Davidson lifted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Loop Capital reissued a “buy” rating on shares of Palantir Technologies in a research report on Friday. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $75.19.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.