Palantir Technologies (NASDAQ:PLTR) Trading Down 11.6% After Analyst Downgrade

Palantir Technologies Inc. (NASDAQ:PLTR) shares dropped 11.6% during trading on Wednesday after DA Davidson lowered their price target on the stock from $215.00 to $180.00. DA Davidson currently has a neutral rating on the stock. Palantir Technologies traded as low as $135.68 and last traded at $139.54. Approximately 111,918,500 shares were traded during trading, an increase of 137% from the average daily volume of 47,318,438 shares. The stock had previously closed at $157.88.

Several other equities analysts also recently issued reports on PLTR. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Phillip Securities began coverage on Palantir Technologies in a report on Thursday, January 22nd. They set a “buy” rating and a $208.00 price objective for the company. Bank of America lifted their target price on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group dropped their price target on Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday. Finally, UBS Group cut their price objective on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $191.95.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 12,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the completion of the transaction, the insider directly owned 239,409 shares in the company, valued at approximately $43,416,822.15. This represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $616,590.00. Following the sale, the director owned 58,687 shares of the company’s stock, valued at $10,642,887.45. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,023,444 shares of company stock valued at $167,394,629 over the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Blowout Q4 and aggressive FY2026 guidance — Palantir reported ~70% YoY revenue growth, huge U.S. commercial strength and raised FY26 revenue guidance (~61% growth), which re-ignited the bull case. Palantir press release
• Positive Sentiment: Analyst upgrades and higher price targets followed the print (William Blair, HSBC, Citi street-high target), supporting momentum and buy-side interest. Citi price target story
• Positive Sentiment: U.S. defense and commercial AI demand are clear growth engines — management highlighted sizable government contracts and a big jump in U.S. commercial revenue, which investors see as durable cash flow drivers. Reuters: bumper quarter
• Neutral Sentiment: CEO/CTO commentary is boosting narrative but raising headlines — management’s outspoken remarks (on AI adoption and geopolitics) keep attention on strategy and policy exposure rather than pure financials. Fortune: CEO comments
• Neutral Sentiment: Mixed analyst moves — several firms raised ratings/targets but others trimmed targets or kept neutral calls, so Wall Street views are bullish but uneven. MarketBeat: analysts reaction
• Negative Sentiment: Profit‑taking and valuation anxiety after the rally — PLTR pulled back from the post-earnings surge as traders booked gains and questioned whether extremely rich multiples are justified long-term. Benzinga: plunge explained
• Negative Sentiment: Some price-target cuts / cautious notes and hedged positioning — a few firms trimmed targets and large investors/traders have used options/puts, adding downside pressure during the pullback. TipRanks: why down today
• Negative Sentiment: Insider selling and political/contract scrutiny remain tail risks — heavy insider dispositions and ongoing debate over government business create headline risk that can amplify volatility. QuiverQuant: insider / contract data

Institutional Trading of Palantir Technologies

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $3,307,457,000. Vanguard Group Inc. increased its holdings in Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after buying an additional 8,168,604 shares during the last quarter. State Street Corp raised its stake in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Amundi raised its stake in Palantir Technologies by 38.7% during the third quarter. Amundi now owns 15,679,158 shares of the company’s stock valued at $2,814,879,000 after buying an additional 4,373,201 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Palantir Technologies by 228.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company’s stock worth $945,403,000 after buying an additional 3,602,471 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 11.6%

The company has a market cap of $332.59 billion, a price-to-earnings ratio of 221.50, a price-to-earnings-growth ratio of 3.72 and a beta of 1.64. The firm has a 50-day moving average price of $175.73 and a 200 day moving average price of $173.73.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 25.19%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.