Palantir Technologies (NASDAQ:PLTR) Shares Up 1.4% – Time to Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shares traded up 1.4% during trading on Tuesday. The company traded as high as $194.56 and last traded at $192.07. Approximately 17,450,716 shares were traded during mid-day trading, a decline of 59% from the average session volume of 42,983,426 shares. The stock had previously closed at $189.40.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s bullish AI case remains the main catalyst. The company is seeking to retain control of its AI orchestration layer through partnerships with Nebius and Nvidia, while sovereign-AI initiatives and open-source integrations may help defend it against proprietary offerings associated with Anthropic and OpenAI. Palantir also has approximately $4.9 billion in remaining deal value obligations, supporting revenue visibility. Palantir: Bullish AI Case Has Never Looked More Exciting
• Positive Sentiment: Recent operating results continue to support the growth narrative. Fiscal second-quarter revenue rose 93% year over year to $1.935 billion, while GAAP operating income represented roughly 47% of revenue. Analysts also point to strong customer spending, deeper commercial adoption of the Artificial Intelligence Platform and growing defense demand. The Maven Smart System’s designation as a formal government program of record could improve the durability of public-sector revenue. Palantir Defense Momentum Strengthens the Bullish Case
• Neutral Sentiment: Investors are looking ahead to Palantir’s third-quarter earnings report, scheduled for November 2, for evidence that commercial growth is holding up. Analysts remain divided over whether the company’s roughly $450 billion valuation is justified, with chart levels, consensus targets and potential UK contract risks also under discussion. Palantir Stock Hovers as Analysts Debate Valuation
• Negative Sentiment: Valuation remains the largest risk. PLTR trades at more than 100 times forward earnings, approximately five times the sector multiple, leaving little room for slower growth or execution problems. Competition for enterprise AI customers is also intensifying. Can Palantir Justify Its Valuation Multiple?
• Negative Sentiment: Director Lauren Friedman Stat sold 1,337 shares for approximately $254,000 under a pre-arranged Rule 10b5-1 plan. The planned sale was relatively small and does not necessarily signal a change in fundamentals, but insider selling can weigh on sentiment after a substantial rally. Palantir Director Sells Shares

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. Mizuho raised their price objective on Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Roth Capital started coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. Wolfe Research began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. Finally, UBS Group raised their price objective on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.33.

Palantir Technologies Stock Performance

The company has a market capitalization of $461.56 billion, a price-to-earnings ratio of 164.16, a P/E/G ratio of 2.65 and a beta of 1.60. The stock’s fifty day simple moving average is $171.96 and its two-hundred day simple moving average is $148.99.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the sale, the director directly owned 54,107 shares of the company’s stock, valued at $8,927,655. The trade was a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 536,364 shares of company stock valued at $93,083,303 over the last 90 days. Company insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds have recently bought and sold shares of PLTR. Iowa State Bank raised its stake in shares of Palantir Technologies by 0.5% during the third quarter. Iowa State Bank now owns 37,768 shares of the company’s stock valued at $7,065,000 after purchasing an additional 175 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Palantir Technologies in the third quarter valued at approximately $1,832,000. Rosenberg Matthew Hamilton raised its holdings in Palantir Technologies by 18.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,107 shares of the company’s stock worth $207,000 after acquiring an additional 172 shares during the period. Box Hill Private Wealth LLC acquired a new position in Palantir Technologies in the 3rd quarter valued at approximately $201,000. Finally, Eastern Bank raised its stake in Palantir Technologies by 4.8% during the third quarter. Eastern Bank now owns 5,961 shares of the company’s stock worth $1,115,000 after acquiring an additional 273 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.