Palantir Technologies (NASDAQ:PLTR) Stock Price Down 2.1% Following Insider Selling

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price was down 2.1% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $164.60 and last traded at $171.70. Approximately 34,848,109 shares traded hands during trading, a decline of 16% from the average daily volume of 41,296,551 shares. The stock had previously closed at $175.40.

Specifically, Director Lauren Friedman Stat sold 1,358 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $186.29, for a total value of $252,981.82. Following the completion of the sale, the director directly owned 45,044 shares of the company’s stock, valued at approximately $8,391,246.76. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several analysts have recently issued reports on PLTR shares. Truist Financial reissued a “buy” rating and set a $250.00 price objective (up from $223.00) on shares of Palantir Technologies in a research note on Tuesday. Oppenheimer restated an “outperform” rating and issued a $235.00 price target (up from $200.00) on shares of Palantir Technologies in a research report on Thursday, October 29th. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a report on Monday, October 12th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, UBS Group restated a “buy” rating on shares of Palantir Technologies in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $214.53.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Palantir Technologies Stock Up 3.5%

The firm has a market cap of $385.40 billion, a P/E ratio of 112.15, a PEG ratio of 3.60 and a beta of 1.65. The stock’s 50-day simple moving average is $186.39 and its 200 day simple moving average is $153.78.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The firm’s revenue was up 95.9% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Ballast Advisors LLC acquired a new stake in Palantir Technologies in the first quarter valued at about $29,000. Axiom Investment Management LLC increased its position in Palantir Technologies by 181.8% during the third quarter. Axiom Investment Management LLC now owns 155 shares of the company’s stock worth $29,000 after buying an additional 100 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Palantir Technologies in the 1st quarter valued at about $32,000. Navigoe LLC grew its position in shares of Palantir Technologies by 17,500.0% in the third quarter. Navigoe LLC now owns 176 shares of the company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Palantir Technologies in the second quarter valued at approximately $35,000. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.