Palantir Technologies (NASDAQ:PLTR) Trading Down 5.6% – What’s Next?
by Teresa Graham · The Cerbat GemPalantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) fell 5.6% on Friday . The company traded as low as $166.35 and last traded at $167.86. 60,058,574 shares were traded during mid-day trading, an increase of 81% from the average session volume of 33,253,830 shares. The stock had previously closed at $177.75.
Key Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Zacks added PLTR to its Rank #1 (Strong Buy) list, which can attract buying interest from momentum-focused and institutional investors. New Strong Buy Stocks for January 2nd
- Positive Sentiment: 247WallStreet argues there’s still room to run for PLTR based on recent commercial/government AI deployments and momentum — a narrative that supports buy-the-dip trading strategies. Palantir Stock Is Coming Back. 1 Reason There’s More Room to Run
- Neutral Sentiment: MarketBeat’s take frames PLTR as a maturing AI/software compounder — bullish long-term but likely to see consolidation and choppy trading as valuation now prices in high future growth. This shifts investor tactics toward buy-and-hold with tactical dip buying. Palantir Has Grown Up Fast: What Does That Mean for 2026?
- Neutral Sentiment: Sector tailwinds for AI (January-effect commentary) could help PLTR over time, but near-term flows are favoring chip names like NVDA — a mixed signal for software names. 3 AI Stocks Poised to Surge on the January Effect
- Negative Sentiment: The Motley Fool and other outlets point to profit-taking after PLTR’s 135%+ jump in 2025 and a rotation out of software into chips as the main drivers of today’s sell-off. That explains much of the short-term weakness. Why Palantir Fell Hard To Start 2026
- Negative Sentiment: Technically, PLTR has tested key support near ~$175 after the run-up, raising the risk of deeper pullbacks if selling persists. Traders will watch those levels and the 50-day moving average for sign of stabilization. Palantir Slips Friday: AI Darling Tests Key $175 Support Level After Historic 2025 Run
- Negative Sentiment: Forbes highlights recurring downside risk — PLTR has experienced several rapid >30% drawdowns historically — a reminder that elevated valuation and concentrated retail interest can amplify volatility. Risks That Palantir Stock Investors Must Know
Wall Street Analysts Forecast Growth
PLTR has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Monday, December 29th. UBS Group lifted their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Bank of America raised their target price on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, CICC Research lifted their target price on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $172.28.
Get Our Latest Research Report on Palantir Technologies
Palantir Technologies Stock Performance
The stock has a market capitalization of $400.08 billion, a price-to-earnings ratio of 399.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.54. The business’s 50 day simple moving average is $180.87 and its 200-day simple moving average is $169.29.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.
Insider Activity at Palantir Technologies
In other news, insider Stephen Andrew Cohen sold 308,635 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $50,613,053.65. Following the completion of the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $97,082.08. This represents a 99.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 359,325 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. This trade represents a 5.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,008,044 shares of company stock worth $164,601,839 in the last ninety days. 9.23% of the stock is currently owned by corporate insiders.
Institutional Trading of Palantir Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies in the second quarter worth approximately $27,000. LFA Lugano Financial Advisors SA bought a new position in Palantir Technologies during the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter valued at $28,000. Finally, Bare Financial Services Inc raised its stake in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.
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.