Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) traded down 3.2% during mid-day trading on Tuesday . The company traded as low as $127.35 and last traded at $132.07. 38,279,257 shares changed hands during trading, a decline of 20% from the average session volume of 48,014,102 shares. The stock had previously closed at $136.47.
Palantir Technologies News Summary
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir announced a multi-year, multi-million dollar strategic AI partnership with McCarthy Building Companies, reinforcing demand for its enterprise AI platform and expanding its commercial footprint. Palantir (PLTR) and McCarthy Building Companies Announce Multi-Year, Multi-Million Dollar Strategic AI Partnership
- Positive Sentiment: Several analyst-focused pieces argued that Palantir’s AI platform continues to justify a premium valuation, while Wedbush reiterated a $230 price target after the company’s AI event. Palantir (PLTR) Has an AI Operating Layer Worth the Stock Premium Wedbush Delivers Powerful Message for Palantir Stock Fans After AI Event
- Neutral Sentiment: Commentary comparing Palantir with Apple and Oracle highlighted Palantir’s strong AI positioning, but these pieces were largely valuation and relative-appeal debates rather than new fundamental catalysts. Palantir vs. Apple: Which Stock Offers More Upside in 2026? Palantir vs Oracle: Two AI Plays, One Winner
- Neutral Sentiment: Some articles focused on leadership commentary around AI, including CEO Alex Karp’s warnings about hype and AI nationalization, which may affect sentiment but do not directly change near-term financial results. Palantir CEO Alex Karp Says He’s Been Warning AI Leaders For Months About Nationalization Risks
- Negative Sentiment: Recent sell-off coverage emphasized that Palantir has fallen sharply from recent highs, suggesting investors are questioning whether the stock’s growth can keep up with its elevated valuation. Why Palantir Stock Is Plunging Today Palantir flashes a warning signal Wall Street can’t ignore
- Negative Sentiment: Reuters reported that the UK is reviewing Palantir’s NHS contract amid political pressure to use a break clause, which could create uncertainty around a key government relationship. UK reviewing Palantir’s NHS contract amid pressure to use break clause
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Phillip Securities lifted their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Royal Bank Of Canada restated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. Mizuho cut their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. UBS Group boosted their price target on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, DA Davidson cut their price target on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.
Palantir Technologies Stock Down 3.2%
The firm has a market cap of $316.61 billion, a P/E ratio of 148.39, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53. The firm’s 50-day simple moving average is $140.58 and its 200 day simple moving average is $154.52.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.
Insiders Place Their Bets
In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 830 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $137.41, for a total transaction of $114,050.30. Following the completion of the sale, the insider directly owned 61,707 shares in the company, valued at approximately $8,479,158.87. This trade represents a 1.33% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 925,789 shares of company stock valued at $126,007,032. Company insiders own 9.53% of the company’s stock.
Institutional Trading of Palantir Technologies
Several hedge funds and other institutional investors have recently modified their holdings of PLTR. Norges Bank bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $5,149,641,000. Jennison Associates LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $1,574,111,000. Vanguard Group Inc. raised its position in shares of Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after purchasing an additional 8,168,604 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Palantir Technologies by 277.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after purchasing an additional 7,678,747 shares during the period. Finally, State Street Corp raised its position in shares of Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the period. Institutional investors own 45.65% of the company’s stock.
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.
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