Palantir Technologies (NASDAQ:PLTR) Trading 1.3% Higher – Here’s What Happened

Palantir Technologies Inc. (NASDAQ:PLTR) shares traded up 1.3% during trading on Thursday . The company traded as high as $155.88 and last traded at $153.50. 54,087,364 shares were traded during mid-day trading, an increase of 4% from the average session volume of 52,223,473 shares. The stock had previously closed at $151.60.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir and NVIDIA unveiled a sovereign-AI operating system reference architecture — a high-profile tie-up that positions PLTR as a turnkey provider for government-grade AI datacenters and drove optimism about large contracts and TAM expansion. Palantir and NVIDIA Team to Deliver Sovereign AI Operating System Reference Architecture
• Positive Sentiment: GE Aerospace expanded a multi‑year partnership to deploy Palantir AI across Air Force sustainment and engine production systems — a validation of Palantir’s edge-to-enterprise defense footprint and recurring revenue potential. GE Aerospace Deepens Palantir AI Use In Defense And Factory Operations
• Positive Sentiment: Centrus (uranium enrichment) and other industrial customers announced partnerships using Palantir’s AI to unlock large cost savings — examples that support Palantir’s enterprise adoption outside pure defense. Centrus Partners with Palantir
• Positive Sentiment: Palantir announced partnerships with Ondas and World View (drone/robotics & high-altitude platforms) and deepened ties with LG CNS — broadening addressable markets and channel reach. Palantir Partners with Ondas and World View
• Neutral Sentiment: Wall Street momentum: Truist reiterated a Buy with a $223 target and several outlets report analysts raising estimates after recent announcements — supportive but already partly priced in. Wall Street sets Palantir stock price for the next 12 months
• Neutral Sentiment: Operational/financial tailwinds: company guidance and margins have strengthened (2026 outlook cites ~61% revenue growth and rising FCF), which underpins longer‑term valuation but raises P/E scrutiny. Palantir’s Profitability Edge Strengthens Its AI Leadership
• Negative Sentiment: Security/government risk: the Pentagon labeled Anthropic a supply‑chain risk; CEO Alex Karp confirmed Palantir still uses Anthropic’s Claude in some tools — creates potential procurement and reputational headwinds. Palantir is still using Anthropic’s Claude as Pentagon blacklist plays out, CEO Karp says
• Negative Sentiment: High-profile critics and selling: investor Michael Burry reiterated bearish claims about Palantir’s AI capabilities, and media reported sizable insider share sales at PLTR/NVDA — fueling concern about valuation and governance. Michael Burry Says Palantir Has ‘No Real AI Software’ Of Its Own
• Negative Sentiment: Geopolitical/operational risks: reports link Palantir tech to lethal operations and some foreign actors have flagged the company as a target — increasing geopolitical sensitivity around contracts. The AI-driven ‘kill chain’ transforming how the US wages war

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of analyst reports. Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target for the company in a report on Wednesday, February 18th. Truist Financial initiated coverage on shares of Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 target price for the company. Phillip Securities began coverage on shares of Palantir Technologies in a report on Thursday, January 22nd. They set a “buy” rating and a $208.00 price target on the stock. William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Finally, UBS Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and cut their price objective for the company from $180.00 to $150.00 in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.68.

Palantir Technologies Stock Up 1.3%

The company has a market capitalization of $367.12 billion, a price-to-earnings ratio of 243.65, a PEG ratio of 3.00 and a beta of 1.70. The stock’s 50-day simple moving average is $153.81 and its two-hundred day simple moving average is $168.90.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) 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 23.81%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 70.0% compared to the same quarter last year. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 168,004 shares of the firm’s 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 $22,465,494.88. Following the transaction, the insider owned 642,786 shares in the company, valued at $85,953,343.92. This trade represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,054,279 shares of company stock valued at $142,212,233. 9.23% of the stock is owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

A number of large investors have recently modified their holdings of PLTR. Nalls Sherbakoff Group LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $178,000. Advisortrust Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $811,000. PeakShares LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $1,246,000. Rubicon Advisors GP acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $515,000. Finally, Corient Private Wealth LLC lifted its position in Palantir Technologies by 31.5% during the fourth quarter. Corient Private Wealth LLC now owns 447,339 shares of the company’s stock worth $79,481,000 after buying an additional 107,102 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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.