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

Palantir Technologies Inc. (NASDAQ:PLTR) Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the sale, the director owned 62,887 shares of the company’s stock, valued at $8,779,654.07. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Palantir Technologies Stock Down 0.3%

PLTR stock opened at $142.10 on Friday. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $148.22. The stock’s 50 day moving average is $130.81 and its two-hundred day moving average is $103.66. The company has a market capitalization of $335.34 billion, a PE ratio of 617.83, a P/E/G ratio of 12.16 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same period in the previous year, the business earned $0.08 EPS. The business’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Loop Capital set a $155.00 price target on Palantir Technologies and gave the company a “buy” rating in a report on Thursday, June 12th. Morgan Stanley lifted their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. DA Davidson lifted their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Mizuho lifted their price objective on Palantir Technologies from $94.00 to $116.00 and gave the company an “underperform” rating in a research note on Wednesday, June 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $89.32.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Optima Capital LLC grew its stake in Palantir Technologies by 0.6% during the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company’s stock worth $1,066,000 after buying an additional 81 shares during the last quarter. Allegiance Financial Group Advisory Services LLC boosted its position in Palantir Technologies by 3.0% during the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company’s stock worth $246,000 after acquiring an additional 84 shares during the period. Delta Investment Management LLC boosted its position in Palantir Technologies by 1.9% during the 1st quarter. Delta Investment Management LLC now owns 4,716 shares of the company’s stock worth $398,000 after acquiring an additional 90 shares during the period. Sovran Advisors LLC boosted its position in Palantir Technologies by 1.8% during the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company’s stock worth $460,000 after acquiring an additional 94 shares during the period. Finally, Lodestone Wealth Management LLC boosted its position in Palantir Technologies by 1.1% during the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company’s stock worth $755,000 after acquiring an additional 97 shares during the period. 45.65% of the stock is currently owned by institutional investors.

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.