Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report)’s share price traded up 5.3% during trading on Friday . The company traded as high as $114.08 and last traded at $112.93. 59,751,264 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 47,582,492 shares. The stock had previously closed at $107.27.
More Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: PLTR is bouncing as software stocks rally while semiconductor names sell off, helping investors rotate back into software and easing some of the pressure on Palantir. Palantir Stock Rises As Software Sector Rallies Amid Semiconductor Sell-Off
- Positive Sentiment: ARK Invest bought about $3.3 million of Palantir shares, which is giving traders a confidence boost and reinforcing the “buy-the-dip” narrative. Palantir New Deal Gets Bullish Views From 5-Star AnalystTake
- Positive Sentiment: Several bullish articles argue that the recent pullback has pushed Palantir into oversold territory, which could attract momentum buyers looking for a rebound. Palantir Becomes Most Oversold Mega-Cap Tech Stock
- Positive Sentiment: New partnership and contract headlines, including the Zeta Global deal and continued U.S. Army-related demand, suggest Palantir’s growth pipeline is still expanding despite the selloff. Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Neutral Sentiment: Wedbush and other bulls are arguing the AI selloff is mostly short-term impatience, not a broken AI thesis, which supports a longer-term recovery case but does not change near-term volatility. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
- Negative Sentiment: Broader AI and tech de-risking has hit Palantir hard, with investors demanding stronger proof that heavy AI spending will translate into durable profits and returns. The AI Selloff Is Getting Brutal: 10 Tech Giants Already Deep in Bear Market Territory
- Negative Sentiment: PLTR remains one of the most oversold large-cap tech stocks after a sharp 2026 decline and a seven-session losing streak, showing that valuation concerns and profit-taking are still weighing on shares. Palantir Stock Sinks. A Seven-Day Rout Wipes Out Billions
Analysts Set New Price Targets
A number of analysts have recently issued reports on PLTR shares. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research note on Tuesday, May 5th. Mizuho dropped their price objective on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Finally, Oppenheimer began coverage on shares of Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.
Palantir Technologies Stock Performance
The stock has a fifty day simple moving average of $136.55 and a two-hundred day simple moving average of $150.70. The stock has a market cap of $270.73 billion, a PE ratio of 126.89, a PEG ratio of 1.80 and a beta of 1.53.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm earned $0.13 earnings per share. The company’s revenue was up 84.7% on a year-over-year basis. On average, equities analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.
Insider Buying and Selling at Palantir Technologies
In related news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This represents a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider owned 375,242 shares in the company, valued at $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 927,270 shares of company stock valued at $126,197,785. Corporate insiders own 9.53% of the company’s stock.
Institutional Trading of Palantir Technologies
A number of institutional investors and hedge funds have recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC lifted its holdings in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC boosted its stake in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares during the period. Schnieders Capital Management LLC. boosted its stake in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after acquiring an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP bought a new position in shares of Palantir Technologies during the second quarter valued at approximately $315,000. 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.
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