Palantir Technologies (NASDAQ:PLTR) Stock Price Down 5.5% – Should You Sell?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price fell 5.5% during trading on Thursday . The company traded as low as $106.37 and last traded at $107.27. 60,539,592 shares changed hands during trading, an increase of 28% from the average session volume of 47,472,387 shares. The stock had previously closed at $113.50.

More Palantir Technologies News

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

• Positive Sentiment: Some analysts and investors argue the selloff has made PLTR more attractive, with bullish price targets still implying meaningful upside if growth continues. Palantir Stock (PLTR) Is Down 30% – Is the Dip a Buying Opportunity?
• Positive Sentiment: Palantir’s recent partnership with Zeta Global is being viewed as validation of its enterprise AI platform and could support longer-term adoption. Palantir-Zeta Deal Marks Big Step Toward Agentic AI, Says Top Wedbush Analyst
• Neutral Sentiment: Articles highlighting Palantir’s strong revenue growth and AI momentum reinforce the company’s business strength, but they also note that the stock remains expensive relative to earnings. Look Past the AI Hype: The Cold, Hard Financial Metric Telling You Exactly Which Enterprise Software Giant to Buy Right Now
• Negative Sentiment: The stock is on pace for its worst monthly decline in years, with traders citing profit-taking, AI-sector weakness, and bearish technical signals as selling pressure builds. Palantir Stock on Pace for Worst Month in 5 Years
• Negative Sentiment: Several reports say PLTR is near or at a 52-week low, reflecting broad concerns that the stock has become disconnected from fundamentals after its earlier AI-driven surge. Why Palantir stock is trading near 52 week low?

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Benchmark cut shares of Palantir Technologies to a “hold” rating in a report on Tuesday, June 16th. Mizuho lowered their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. BNP Paribas Exane assumed coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They issued an “underperform” rating on the stock. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies Stock Down 5.5%

The stock has a market capitalization of $257.16 billion, a price-to-earnings ratio of 120.53, a P/E/G ratio of 1.85 and a beta of 1.53. The stock has a fifty day moving average of $137.11 and a 200-day moving average of $151.23.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 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 $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 firm’s 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 in the company, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 927,270 shares of company stock worth $126,197,785 over the last three months. Company insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

A number of large investors have recently made changes to their positions in PLTR. Basecamp Wealth Advisors LLC increased its position in Palantir Technologies by 2.6% during the first quarter. Basecamp Wealth Advisors LLC now owns 8,192 shares of the company’s stock worth $1,198,000 after buying an additional 205 shares during the period. Redwood Investment Management LLC purchased a new stake in Palantir Technologies in the first quarter valued at approximately $1,591,000. Ballast Advisors LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $29,000. Wealth High Governance Capital Ltda purchased a new position in shares of Palantir Technologies during the first quarter worth approximately $1,024,000. Finally, Wealth High Governance Asset Management Ltda. purchased a new position in shares of Palantir Technologies during the first quarter worth approximately $879,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

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.