Palantir Technologies (NASDAQ:PLTR) Trading Down 7.5% – Here’s Why

Palantir Technologies Inc. (NASDAQ:PLTR) shares fell 7.5% during trading on Friday . The stock traded as low as $170.77 and last traded at $173.07. 103,402,833 shares were traded during mid-day trading, an increase of 18% from the average session volume of 87,359,914 shares. The stock had previously closed at $187.05.

Wall Street Analyst Weigh In

Several research firms have commented on PLTR. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Mizuho set a $165.00 price target on Palantir Technologies in a report on Monday, September 15th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Royal Bank Of Canada lifted their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Finally, Citigroup restated a “neutral” rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $140.22.

Palantir Technologies Trading Down 7.5%

The firm has a market capitalization of $410.58 billion, a price-to-earnings ratio of 576.92, a price-to-earnings-growth ratio of 9.66 and a beta of 2.60. The company has a 50-day moving average of $168.90 and a 200-day moving average of $136.98.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $177.60, for a total value of $1,598,400.00. Following the sale, the director directly owned 50,794 shares of the company’s stock, valued at $9,021,014.40. This trade represents a 15.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total value of $4,786,500.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $112,129,506.30. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,591,085 shares of company stock valued at $244,676,722 over the last three months. 9.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the first quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies during the first quarter valued at $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the first quarter valued at $27,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the second quarter valued at $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.