Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) Director Lauren Elaina Friedman Stat sold 1,667 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $150.00, for a total value of $250,050.00. Following the sale, the director directly owned 56,620 shares in the company, valued at approximately $8,493,000. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 Monday, June 1st, Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock. The stock was sold at an average price of $160.00, for a total value of $255,680.00.
Palantir Technologies Stock Down 5.3%
Shares of PLTR traded down $8.48 during trading hours on Tuesday, hitting $152.17. 42,706,683 shares of the company were exchanged, compared to its average volume of 42,753,384. The company has a market cap of $364.80 billion, a price-to-earnings ratio of 170.98, a P/E/G ratio of 2.55 and a beta of 1.53. Palantir Technologies Inc. has a fifty-two week low of $118.93 and a fifty-two week high of $207.52. The firm’s fifty day moving average is $141.80 and its 200 day moving average is $155.65.
Institutional Trading of Palantir Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of PLTR. Norges Bank purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $5,149,641,000. Jennison Associates LLC bought a new stake in shares of Palantir Technologies during the 1st quarter valued at about $1,574,111,000. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on PLTR shares. DZ Bank started coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price for the company. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a research note on Friday, May 22nd. Finally, HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.
Get Our Latest Report on Palantir Technologies
More Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Several recent pieces point to continued bullish momentum, including strong AI infrastructure positioning, expanding customer relationships, and improving earnings revisions across software stocks. Investors are also focused on Palantir’s role in defense and public-sector AI, which remains a major long-term growth driver. Palantir’s AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
- Positive Sentiment: News that Cavanagh extended its Foundry partnership through 2035 and is now channeling Palantir’s technology into broader construction deployments supports the idea that PLTR can keep expanding commercially beyond government contracts. Why Palantir Technologies (PLTR) Is Up 17.4% After Cavanagh Extends Foundry And Becomes Channel Partner
- Positive Sentiment: Analysts and commentators continue to highlight Palantir as a key beneficiary of the broader AI and defense-tech surge, with investors still rotating into software names tied to enterprise AI adoption. Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors
- Neutral Sentiment: Several articles simply note that Palantir remains heavily watched after its recent rally, with traders debating whether the stock still has room to run after a big move higher. Palantir Seen Ready for Next Move Higher
- Negative Sentiment: Valuation-focused coverage is pressuring the stock, with multiple pieces arguing Palantir’s premium multiple already prices in aggressive growth and may require exceptionally large federal market share to justify today’s market value. Palantir’s $369 Billion Valuation Requires Unprecedented Federal Market Share
- Negative Sentiment: Reuters reported that UK lawmakers called Palantir’s role in the public sector an “unacceptable point of weakness,” highlighting political and procurement risk around its government business. UK lawmakers call Palantir’s role public sector an unacceptable weakness
- Negative Sentiment: Another recent report said President Trump’s latest AI executive order is weighing on PLTR shares, adding to near-term pressure despite the company’s strong growth profile. Why Palantir Stock Is Sinking Today
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.
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