Palantir Technologies (NASDAQ:PLTR) Stock Price Down 1.6% – Should You Sell?

by · The Markets Daily

Shares of Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) were down 1.6% during mid-day trading on Tuesday. The company traded as low as $165.25 and last traded at $175.40. 52,457,923 shares were traded during mid-day trading, an increase of 27% from the average session volume of 41,322,871 shares. The stock had previously closed at $178.34.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

  • Positive Sentiment: Palantir reported Q3 revenue of $2.31 billion, up 96% year over year, and adjusted EPS of $0.44, both above expectations. U.S. commercial revenue rose 148% to $984 million, surpassing U.S. government revenue for the first time. Reuters article
  • Positive Sentiment: Management raised its 2026 revenue outlook to about $8.5 billion, above the prior consensus, and forecast Q4 revenue of $2.6–$2.7 billion. Strong sovereign-AI demand, commercial adoption and expanding defense deployments underpin the outlook. Zacks article
  • Neutral Sentiment: Several firms raised price targets or reiterated Buy ratings after the results, while analysts remain divided over whether Palantir’s growth can sustain its valuation. Analyst price-target article
  • Negative Sentiment: Investors are concerned that total contract value growth slowed to 6% year over year from 49% in the prior quarter; U.S. commercial contract value growth also cooled sharply. Fewer large deals and slower backlog growth raise questions about how quickly today’s demand will translate into future revenue. MarketWatch article
  • Negative Sentiment: Palantir’s lofty valuation adds to the pressure: even exceptional results may not satisfy investors if growth or bookings momentum shows signs of easing. MarketBeat article

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Monday, October 26th. JPMorgan Chase & Co. initiated coverage on Palantir Technologies in a research report on Thursday, October 29th. They issued an “overweight” rating and a $262.00 target price on the stock. Zacks Research downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Oppenheimer restated an “outperform” rating and set a $235.00 price target (up from $200.00) on shares of Palantir Technologies in a research note on Thursday, October 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $214.27.

Get Our Latest Report on PLTR

Palantir Technologies Trading Down 1.6%

The company’s 50 day moving average price is $186.87 and its two-hundred day moving average price is $153.90. The firm has a market cap of $421.50 billion, a PE ratio of 149.91, a PEG ratio of 3.51 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business posted $0.21 EPS. Palantir Technologies’s revenue was up 95.9% on a year-over-year basis. Equities research analysts expect that Palantir Technologies Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Eric H. Woersching sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director owned 3,465 shares of the company’s stock, valued at $710,325. This trade represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the transaction, the director directly owned 46,402 shares in the company, valued at $9,233,998. This trade represents a 9.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 560,390 shares of company stock valued at $97,909,177 in the last ninety days. 9.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Palantir Technologies by 0.4% in the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after buying an additional 757,322 shares during the period. State Street Corp raised its position in shares of Palantir Technologies by 2.8% during the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after buying an additional 2,863,874 shares during the period. Bank of America Corp DE raised its position in shares of Palantir Technologies by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock valued at $2,219,094,000 after buying an additional 180,486 shares during the period. Amundi lifted its holdings in Palantir Technologies by 7.4% in the second quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after acquiring an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Palantir Technologies in the first quarter valued at approximately $1,574,111,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Company Profile

(Get Free Report)

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.

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