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DENVER—Lauren Elaina Friedman, a director at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), recently sold shares of the company’s Class A common stock. The sale comes as Palantir’s stock trades near its 52-week high of $111.55, having surged over 370% in the past year. According to InvestingPro analysis, the company’s shares are currently trading above their Fair Value. According to a filing with the Securities and Exchange Commission, Friedman’s spouse sold 11,794 shares on February 4, 2025, at a price of $102.80 per share, totaling approximately $1,212,423.
Following this transaction, Friedman indirectly owns 88,129 shares, while directly holding 62,139 shares. The sale was conducted under a Rule 10b5-1 trading plan, which was established on September 11, 2024, and is designed to comply with SEC regulations.
In other recent news, Palantir Technologies Inc. has been the focus of multiple analyst notes following its positive earnings report and optimistic 2025 financial outlook. Despite exceeding market expectations, William Blair maintained an Underperform rating on Palantir due to concerns over its high valuation. Contrarily, Wedbush analysts raised their price target to $120 and reiterated an Outperform rating, echoing confidence in the company’s potential to redefine the AI sector.
Similarly, BofA Securities increased its price target to $125, reaffirming a Buy rating, and shifting its valuation methodology to focus on a long-term outlook. HSBC also revised its price target to $96, maintaining a Hold rating, but expressed concerns about the stock’s valuation. Mizuho (NYSE:MFG) Securities, while acknowledging Palantir’s market position and successful execution, raised its price target to $80 but continued to recommend an Underperform rating due to high valuation concerns.
These recent developments underscore the varied analyst perspectives on Palantir’s financial health and future growth potential.
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