Palantir Technologies (NASDAQ:PLTR) Stock Price Up 10.3% – Here’s What Happened

Palantir Technologies Inc. (NASDAQ:PLTR) was up 10.3% during mid-day trading on Friday . The stock traded as high as $172.41 and last traded at $172.01. 76,389,535 shares traded hands during mid-day trading, an increase of 62% from the average session volume of 47,132,012 shares. The stock had previously closed at $155.92.

Palantir Technologies News Summary

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

• Positive Sentiment: Blowout earnings and accelerating growth: Palantir reported quarterly revenue of $1.94 billion, up 92.8% year over year and ahead of the $1.81 billion consensus estimate. Adjusted EPS of $0.41 also exceeded expectations of $0.34. The results reinforced the view that strong demand for its Artificial Intelligence Platform and commercial software is translating into substantial revenue and margin growth. Palantir stock jumps nearly 30% after otherworldly quarter
• Positive Sentiment: Analysts raised earnings estimates: Northland Securities increased its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39. The revisions suggest that the latest operating performance may support further upward changes to Wall Street expectations. Palantir Technologies analyst estimates
• Positive Sentiment: Favorable macro and technical momentum: A weaker-than-expected July jobs report lifted expectations that the Federal Reserve may avoid near-term rate increases, supporting high-growth technology stocks. Technical traders also pointed to a potential breakout above resistance near $160, while agentic-AI peers rallied alongside Palantir. SpaceX and Palantir lead tech stock rally
• Neutral Sentiment: Improving sentiment: Jim Cramer’s post-earnings concerns did not materialize, and some analysts now see additional upside as Palantir’s growth reduces competition and valuation concerns. However, the stock’s forward performance depends on continued execution and further AIP adoption. Jim Cramer’s post earnings Palantir worry
• Negative Sentiment: Valuation and selling risks remain: Palantir trades at a very elevated earnings multiple, leaving limited room for weaker growth or margins. ARK Invest trimmed its position after the rally, and investor Michael Burry reportedly continues to hold a short position, highlighting the potential for profit-taking and sharp volatility. Cathie Wood sells Palantir

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. BTIG Research cut Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $204.00 target price on shares of Palantir Technologies in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and issued a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday. Jefferies Financial Group reissued an “underperform” rating and set a $80.00 target price on shares of Palantir Technologies in a report on Tuesday. Finally, UBS Group raised shares of Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $190.73.

Palantir Technologies Price Performance

The firm’s 50 day moving average is $131.45 and its 200 day moving average is $139.69. The company has a market capitalization of $412.36 billion, a PE ratio of 147.02, a P/E/G ratio of 2.42 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, analysts predict that Palantir Technologies Inc. will post 1.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. This represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 1,112,270 shares of company stock worth $150,247,785. Company insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Transcend Capital Advisors LLC grew its stake in Palantir Technologies by 0.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 10,635 shares of the company’s stock worth $1,890,000 after purchasing an additional 60 shares in the last quarter. Monument Capital Management increased its stake in Palantir Technologies by 1.2% in the fourth quarter. Monument Capital Management now owns 5,341 shares of the company’s stock valued at $949,000 after purchasing an additional 63 shares during the last quarter. San Luis Wealth Advisors LLC grew its position in shares of Palantir Technologies by 1.6% in the 4th quarter. San Luis Wealth Advisors LLC now owns 4,087 shares of the company’s stock valued at $726,000 after buying an additional 63 shares during the last quarter. BCGM Wealth Management LLC increased its position in shares of Palantir Technologies by 2.0% during the second quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock worth $374,000 after purchasing an additional 64 shares in the last quarter. Finally, CYBER HORNET ETFs LLC lifted its stake in Palantir Technologies by 1.2% in the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock valued at $966,000 after buying an additional 65 shares during the last quarter. 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.