Palantir Technologies (NASDAQ:PLTR) Trading Down 1.8% – Here’s What Happened

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) traded down 1.8% during mid-day trading on Tuesday . The stock traded as low as $180.70 and last traded at $180.84. 22,972,594 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 77,667,117 shares. The stock had previously closed at $184.18.

Palantir Technologies News Roundup

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

• Positive Sentiment: Market narrative shifts from AI infrastructure to application-layer winners — Palantir is highlighted as a top application-layer AI pure play with big commercial traction, sticky deployments (Bootcamps) and large government contracts that support recurring revenue. The Application-Layer Rotation: 3 AI Pure Plays Poised to Win in 2026
• Positive Sentiment: Zacks sees Palantir beating ARM on current momentum: accelerating revenues, record margins and faster enterprise AI adoption give PLTR the stronger near-term buy case among AI-tech names. PLTR vs. ARM: Which AI-Tech Stock is the Better Buy Now?
• Positive Sentiment: Noted analysts (Dan Ives/Wedbush) and media personalities (Jim Cramer) continue to include Palantir among favored 2026 AI/tech names, which supports institutional interest and narrative momentum. Nvidia isn’t on Dan Ives’ top tech names list for 2026 but Palantir is Jim Cramer Says He Still Likes Palantir Very Much
• Neutral Sentiment: Zacks notes PLTR’s improving return-on-equity profile but points out ROE still trails some peers — reflecting heavy platform reinvestment that could lift long-term efficiency. PLTR’s ROE Snapshot: A Long-Term Efficiency Story in the Making
• Neutral Sentiment: Coverage lists Palantir among founder-led growth names and highlights its differentiated business model — supportive for long-term thesis but not an immediate price catalyst. 4 Founder-Run Stocks That Offer Solid Long-Term Growth Potential
• Negative Sentiment: Technical traders flagged a break of support and an intra-day pullback — charts point to short-term selling with potential next support near the mid-$170s. Stock Of The Day: Where Will The Palantir Selloff End?
• Negative Sentiment: Options flow shows moderately bearish positioning and notable short interest headlines (including reports Michael Burry has shorted PLTR), increasing downside pressure if momentum reverses. Option traders moderately bearish in Palantir Technologies Michael Burry Is Shorting Nvidia And Palantir
• Negative Sentiment: Valuation and red-flag analyses (TipRanks, Motley Fool) caution that PLTR’s large YTD run and very high multiples make it vulnerable to profit-taking and heightened expectations risk into 2026. Palantir (PLTR) Stock Forecast — 3 Red Flags Investors Can’t Ignore in 2026

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. HSBC upped their price target on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Robert W. Baird boosted their target price on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $172.28.

Palantir Technologies Stock Performance

The business has a fifty day moving average price of $181.23 and a 200 day moving average price of $168.46. The firm has a market capitalization of $431.02 billion, a price-to-earnings ratio of 430.58, a P/E/G ratio of 7.32 and a beta of 1.50.

Palantir Technologies (NASDAQ:PLTR) last announced 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. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. On average, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 308,635 shares of Palantir Technologies stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $50,613,053.65. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $97,082.08. The trade was a 99.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shyam Sankar sold 149,872 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,008,844 shares of company stock valued at $164,750,951. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Several institutional investors have recently added to or reduced their stakes in PLTR. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp grew its stake in shares of Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after acquiring an additional 21,809 shares in the last quarter. Prentice Wealth Management LLC purchased a new stake in Palantir Technologies in the 3rd quarter valued at about $550,000. State of Michigan Retirement System grew its holdings in shares of Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after acquiring an additional 12,300 shares in the last quarter. Finally, Presilium Private Wealth LLC bought a new position in Palantir Technologies in the 2nd quarter valued at $204,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

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.