Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report)’s stock price fell 2% during mid-day trading on Wednesday . The stock traded as low as $129.92 and last traded at $130.63. 31,733,995 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 47,240,680 shares. The stock had previously closed at $133.25.
Key Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Wolfe Research upgraded Palantir (PLTR) to Hold from Sell and said the company’s AI platform is best-in-class and “too big to ignore,” reinforcing the long-term bull case for enterprise AI adoption. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’
- Positive Sentiment: Separate market commentary says PLTR remains attractive to investors because of strong growth, expanding AI software demand, and solid margins versus peers. Cognyte vs Palantir: Which AI Intelligence Stock Is the Better Buy?
- Positive Sentiment: Some coverage highlights ongoing bullish investor interest in Palantir’s AI momentum and its role in defense and enterprise software, which can support sentiment even after recent pullbacks. Buy 5 Technology Laggards Despite the Sector’s Dream Run in 2026
Wall Street Analyst Weigh In
Several research firms have issued reports on PLTR. DA Davidson cut their price objective on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. DZ Bank began coverage on Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Oppenheimer started coverage on Palantir Technologies in a research report on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price objective for the company. Wedbush started coverage on Palantir Technologies in a research report on Tuesday. They issued an “outperform” rating for the company. Finally, Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.76.
Palantir Technologies Trading Down 2.0%
The business has a 50 day simple moving average of $138.96 and a 200-day simple moving average of $153.27. The stock has a market capitalization of $313.16 billion, a price-to-earnings ratio of 146.78, a price-to-earnings-growth ratio of 2.14 and a beta of 1.53.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. Research analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current year.
Insiders Place Their Bets
In other news, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the completion of the transaction, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. This represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 927,270 shares of company stock worth $126,197,785. 9.53% of the stock is owned by insiders.
Hedge Funds Weigh In On Palantir Technologies
Several hedge funds and other institutional investors have recently modified their holdings of PLTR. Bare Financial Services Inc lifted its stake in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $29,000. Morton Brown Family Wealth LLC lifted its stake in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $31,000. Finally, United Financial Planning Group LLC acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $32,000. 45.65% of the stock is owned by institutional investors and hedge funds.
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.
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