Palantir Technologies Inc. (NYSE:PLTR - Get Free Report) Director Lauren Elaina Friedman Stat sold 6,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $36.35, for a total value of $218,100.00. Following the completion of the transaction, the director now directly owns 152,280 shares in the company, valued at approximately $5,535,378. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Lauren Elaina Friedman Stat also recently made the following trade(s):
- On Monday, September 9th, Lauren Elaina Friedman Stat sold 6,050 shares of Palantir Technologies stock. The stock was sold at an average price of $33.19, for a total value of $200,799.50.
- On Thursday, August 1st, Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock. The stock was sold at an average price of $26.43, for a total transaction of $80,611.50.
- On Monday, July 15th, Lauren Elaina Friedman Stat sold 2,000 shares of Palantir Technologies stock. The stock was sold at an average price of $28.97, for a total value of $57,940.00.
Palantir Technologies Stock Performance
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PLTR opened at $36.40 on Thursday. The stock has a fifty day moving average of $30.20 and a 200-day moving average of $25.74. The company has a market capitalization of $81.06 billion, a P/E ratio of 303.33, a P/E/G ratio of 6.16 and a beta of 2.72. Palantir Technologies Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $37.11.
Palantir Technologies (NYSE:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. Palantir Technologies's revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Palantir Technologies
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company's stock valued at $3,327,636,000 after acquiring an additional 6,466,596 shares in the last quarter. SG Americas Securities LLC raised its stake in Palantir Technologies by 183.3% in the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company's stock valued at $3,645,000 after purchasing an additional 102,479 shares in the last quarter. Accel Wealth Management bought a new stake in Palantir Technologies during the first quarter worth about $360,000. Panagora Asset Management Inc. lifted its position in Palantir Technologies by 185.6% during the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company's stock worth $1,317,000 after purchasing an additional 49,839 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in Palantir Technologies during the first quarter worth about $262,000. 45.65% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Mizuho lowered shares of Palantir Technologies from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $21.00 to $22.00 in a research report on Tuesday, July 16th. Monness Crespi & Hardt dropped their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a "sell" rating on the stock in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Palantir Technologies from $20.00 to $21.00 and gave the stock a "sell" rating in a report on Tuesday, August 6th. Wedbush restated an "outperform" rating and issued a $38.00 price objective on shares of Palantir Technologies in a research note on Monday, September 9th. Finally, Northland Securities initiated coverage on Palantir Technologies in a research note on Thursday, August 22nd. They set a "market perform" rating and a $35.00 target price for the company. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $26.79.
View Our Latest Research Report on PLTR
About Palantir Technologies
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Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
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