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Lauren Elaina Friedman, a director at Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Friedman sold 800 shares of Class A Common Stock on April 3, 2025, at a price of $81.25 per share, totaling approximately $65,000. The transaction comes as Palantir, now valued at over $181 billion, has seen its stock surge 238% over the past year, with impressive gross profit margins of 80%.
This transaction was executed as part of a pre-arranged trading plan under Rule 10b5-1, which allows company insiders to set up a predetermined plan to sell stocks. Following this sale, Friedman directly holds 61,339 shares, while her indirect holdings, through her spouse, amount to 88,129 shares. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 15+ additional exclusive insights available to subscribers.
Investors often monitor insider transactions like these to gauge the sentiments of company executives regarding the company's stock performance. For comprehensive analysis of Palantir and 1,400+ other stocks, including detailed valuation metrics and expert insights, check out the Pro Research Report available on InvestingPro.
In other recent news, Palantir Technologies has been involved in several significant developments. The company has announced a partnership with Everfox to enhance software solutions in classified network environments, focusing on joint and integrated command and control operations. Additionally, Palantir and R1 have launched an AI lab, R37, aimed at automating revenue cycle processes in healthcare to improve efficiency and reduce costs. This collaboration seeks to address the administrative expenses that account for a substantial portion of hospital costs in the United States.
Moreover, Palantir is partnering with Databricks to integrate their artificial intelligence data platforms, a move that could benefit joint customers such as BP (NYSE:BP) and AT&T. Analyst Louie DiPalma from William Blair maintained a Market Perform rating for Palantir, noting the potential upsides from the company's projected revenue growth and operating margin. Meanwhile, Goldman Sachs analyst Gabriela Borges reiterated a Neutral rating for Palantir, highlighting the company's distinct technology in AI applications but noting uncertainties in simplifying custom AI workflows.
In a separate development, Oracle Corporation (NYSE:ORCL) faced a setback as the U.S. Department of Defense canceled its plan to use Oracle's software for managing its civilian workforce. This decision was part of the Pentagon's cost-cutting efforts, affecting Oracle's potential future earnings. The project, which involved Leidos Holdings (NYSE:LDOS) for services and support, was significantly behind schedule and over budget, leading to concerns about future government contracts for the companies involved.
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