Palantir Technologies (NASDAQ:PLTR) Trading Down 1.3% – What’s Next?

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price traded down 1.3% during trading on Tuesday . The stock traded as low as $126.37 and last traded at $128.84. 46,886,524 shares were traded during mid-day trading, a decline of 8% from the average session volume of 51,108,727 shares. The stock had previously closed at $130.60.

Palantir Technologies News Roundup

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

• Positive Sentiment: DISA granted Palantir Impact Level 6 provisional authorization for PFCS Forward, allowing Palantir’s stack (Apollo, Gotham, Foundry, AIP) to run sensitive DoD workloads on-premises and at the edge — expands DoD TAM and supports the government revenue moat. Palantir Just Opened a New DoD Door—What Changes Now?
• Positive Sentiment: Palantir signed a large DHS software agreement (reported ~US$1B) and announced a Rackspace partnership to deploy Foundry/AIP for regulated customers — concrete commercial expansion that should accelerate adoption in regulated industries. Palantir’s DHS Deal And Rackspace Tie Up Contrast With European Pushback
• Positive Sentiment: Mizuho upgraded PLTR to Outperform, citing category‑leading growth and margin expansion — analyst upgrading can provide support if the market re‑rates AI/software names. Palantir Is in a ‘Category of One.’ Why Mizuho Says You Should Buy PLTR Stock Now.
• Neutral Sentiment: Comparisons with Snowflake and other AI/data peers highlight debate over which platform will dominate enterprise AI — useful context but not an immediate catalyst. Palantir Stock vs Snowflake: Which Stock Is the Real AI Champion of 2026?
• Neutral Sentiment: Early‑session market weakness for several large tech names is weighing on PLTR in premarket trading — technical/market flow factor rather than company‑specific news. TSLA, PLTR and SMCI Forecasts – US Tech Giants Mixed and Sluggish Early
• Negative Sentiment: Huge recent runup has reversed: several articles highlight PLTR is down ~30–38% from peaks and technically in a pullback — momentum selling and a high beta leave the stock vulnerable to further declines. Palantir Stock Drops 38%. Should You PLTR for 2026 or Stay Away?
• Negative Sentiment: Governance and legal scrutiny (analyst list removals, media/legal disputes, investor questions about insider behavior) are being flagged as reasons for short‑term selling pressure. Stock Market Today, Feb. 23: Palantir Falls as Market Pullback and Governance Questions Weigh
• Negative Sentiment: Analyst caution and valuation concerns: despite strong revenue/earnings prints and guidance, PLTR still trades at a premium multiple — several pieces warn the stock is priced for near‑perfect execution. Prediction: Here’s How Much Further Palantir Stock Could Fall

Analyst Ratings Changes

PLTR has been the subject of several research reports. Phillip Securities began coverage on Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price for the company. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Tuesday, February 3rd. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. HSBC raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, February 3rd. Finally, Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $191.05.

Palantir Technologies Price Performance

The company has a market cap of $307.08 billion, a P/E ratio of 204.51, a P/E/G ratio of 2.60 and a beta of 1.64. The company’s 50-day moving average is $163.83 and its two-hundred day moving average is $171.16.

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

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 400 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $151.14, for a total transaction of $60,456.00. Following the completion of the sale, the director owned 58,287 shares in the company, valued at approximately $8,809,497.18. This represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of the stock in a transaction dated 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 24,800 shares of company stock valued at $4,526,436. Company insiders own 12.93% 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 PLTR. Vanguard Group Inc. raised its stake in Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. State Street Corp raised its position in shares of Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after buying an additional 1,126,418 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after acquiring an additional 805,047 shares during the last quarter. Norges Bank purchased a new position in Palantir Technologies in the fourth quarter worth about $5,149,641,000. Finally, Invesco Ltd. grew its position in Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after acquiring an additional 616,297 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.