Palantir Technologies (NASDAQ:PLTR) Trading Up 4.2% – Time to Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price traded up 4.2% on Wednesday . The stock traded as high as $136.09 and last traded at $134.19. 52,533,228 shares traded hands during trading, an increase of 3% from the average session volume of 51,137,344 shares. The stock had previously closed at $128.84.

Palantir Technologies News Summary

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

• Positive Sentiment: New GE Aerospace partnership tied to a Defense Logistics Agency award — Palantir will supply AI/data analytics to optimize supply chains and fleet management for Air Force J85 engines, a contract that reinforces Palantir’s traction in mission-critical defense work. Benzinga: Why Are Palantir Shares Trading Higher On Wednesday?
• Positive Sentiment: DISA Impact Level 6 provisional authorization for PFCS Forward opens sensitive DoD cloud/edge deployments — expands TAM for Palantir’s stack and strengthens government revenue durability. MarketBeat: Palantir Just Opened a New DoD Door—What Changes Now?
• Positive Sentiment: Large federal deals and commercial partnerships (DHS agreement reportedly ~$1B; Rackspace partnership to deploy Foundry/AIP) support recurring revenue and commercial acceleration. These announcements are driving bullish investor narratives. Yahoo Finance: Palantir’s DHS Deal And Rackspace Tie Up
• Neutral Sentiment: Analyst and strategy write-ups (Zacks, Motley Fool, Seeking Alpha) highlight strong earnings, margin expansion and AIP adoption — supportive for the long term but not decisive versus near‑term technical selling. Zacks: Here’s Why PLTR Is a Strong Growth Stock
• Neutral Sentiment: Options and income strategies are circulating (selling puts / protective trades) as traders position around volatility — signals active trading interest but mixed directional conviction. Seeking Alpha: Earn A 15%+ Yield Selling Put Options On Palantir
• Negative Sentiment: Heavy insider selling — multiple senior insiders (including CEO-level and other executives) disclosed large sales in recent filings, creating governance optics that press on valuation and investor confidence. SEC Insider Filings / MarketBeat summary
• Negative Sentiment: Governance and legal scrutiny (CEO expense scrutiny, lawsuit in Europe, HQ move to Miami) are keeping some institutions and risk‑sensitive investors on the sidelines. Those headlines contribute to recent volatility and downward pressure. Yahoo Finance: Palantir Move To Miami Tests Governance Concerns
• Negative Sentiment: Prominent bearish voices and valuation skeptics (e.g., Michael Burry commentary and articles citing big pullbacks from highs) plus sector-wide AI/tech swings amplify profit‑taking risk given PLTR’s high beta. 24/7 Wall St.: Michael Burry Says Palantir Is Worth $46

Analysts Set New Price Targets

PLTR has been the topic of several analyst reports. Piper Sandler restated an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. HSBC upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, February 3rd. Citigroup lifted their price target on Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Finally, Truist Financial began coverage on Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $191.05.

Palantir Technologies Stock Up 4.2%

The firm has a market cap of $319.83 billion, a price-to-earnings ratio of 213.00, a price-to-earnings-growth ratio of 2.51 and a beta of 1.64. The company’s 50-day moving average price is $162.65 and its 200-day moving average price is $170.75.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company posted $0.14 EPS. Palantir Technologies’s quarterly revenue was up 70.0% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares of the company’s stock, valued at $29,340,976.12. The trade was a 8.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 17,438 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,054,279 shares of company stock valued at $142,212,233. 12.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Decker Retirement Planning Inc. grew its position in shares of Palantir Technologies by 778.7% during the third quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after acquiring an additional 54,347 shares during the last quarter. Vanguard Group Inc. lifted its position in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the last quarter. Prentice Wealth Management LLC acquired a new position in Palantir Technologies during the 3rd quarter valued at about $550,000. Watershed Private Wealth LLC grew its position in Palantir Technologies by 75.3% in the 3rd quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after purchasing an additional 3,350 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in Palantir Technologies by 1.3% in the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after purchasing an additional 12,300 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other 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.