Insider Selling at Palantir Technologies Inc.

On Monday, November 25th, Lauren Elaina Friedman Stat, a director at Palantir Technologies Inc. (NYSE:PLTR), sold 9,746 shares of the company's stock. The shares were sold at an average price of $66.77 each, yielding a total value of $650,740.42 from the transaction. After the sale, Friedman Stat holds 111,644 shares, which are valued at approximately $7,454,469.88. This transaction reflects an 8.03% decrease in her ownership of the stock. Details of this transaction were disclosed in a filing with the SEC.

In addition to this recent sale, Friedman Stat has also engaged in several notable transactions in the past few months:

• On November 8th, she sold 8,860 shares at $58.06 for a total of $514,411.60.
• On November 5th, she sold 8,054 shares at an average price of $50.49, totaling $406,646.46.
• On October 11th, 7,321 shares were sold at $43.90, amounting to $321,391.90.
• On September 23rd, she sold 6,655 shares at $38.17 for a total of $254,021.35.
• On September 16th, 6,000 shares were sold at $36.35, totaling $218,100.00.
• Finally, on September 9th, she sold 6,050 shares at $33.19 for a total of $200,799.50.

Palantir Technologies Stock Performance

On Wednesday, the stock of Palantir Technologies traded up by 0.5%, reaching $66.05. During the trading session, 53,672,767 shares exchanged hands, which is slightly below the company's average volume of 58,838,715 shares. The current market capitalization of Palantir stands at approximately $150.46 billion, with a P/E ratio of 328.77 and a beta of 2.70. The company's 50-day moving average is $47.09, while the 200-day moving average is $34.10. Over the past year, Palantir Technologies has seen a low of $15.66 and a high of $67.88.

Quarterly Earnings Announcement

Palantir Technologies recently reported its quarterly earnings on November 4th. The company achieved earnings of $0.10 per share, surpassing analysts' expectations of $0.09 per share. The revenue for the quarter reached $725.52 million, exceeding the forecast of $705.11 million. Year-over-year, this represents a 30% increase in revenue, followed by a net margin of 18.01% and a return on equity of 9.94%. Analysts predict an earnings per share of 0.21 for the current year.

Hedge Fund Activity

Interesting changes have also occurred in the institutional investors' landscape regarding Palantir Technologies. Recently, Northwest Investment Counselors LLC purchased shares worth $25,000 in the company. Meanwhile, Prestige Wealth Management Group LLC raised its stake significantly by 747.1% in the third quarter, owning 737 shares valued at $27,000. Other notable investments came from Summit Securities Group LLC and Farmers & Merchants Investments Inc., each acquiring new stakes worth approximately $25,000. Overall, institutional investors own about 45.65% of the company's shares.

Analyst Ratings

Several financial analysts have shared their recommendations regarding Palantir Technologies stock recently. The Goldman Sachs Group increased its target price from $16 to $41, maintaining a