Palantir Technologies (NASDAQ:PLTR) Trading Down 1.6% – Should You Sell?

Posted by Geri Gentry on Aug 8th, 2026

Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report)’s stock price was down 1.6% during mid-day trading on Thursday . The company traded as low as $152.70 and last traded at $155.92. Approximately 39,979,109 shares were traded during trading, a decline of 15% from the average daily volume of 46,933,762 shares. The stock had previously closed at $158.43.

More Palantir Technologies News

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

Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLTR shares. Royal Bank Of Canada restated an “underperform” rating and issued a $90.00 price objective on shares of Palantir Technologies in a report on Friday, July 31st. Roth Capital started coverage on shares of Palantir Technologies in a research report on Tuesday. They issued a “buy” rating for the company. Wolfe Research started coverage on shares of Palantir Technologies in a research note on Tuesday. They issued a “buy” rating for the company. DZ Bank began coverage on Palantir Technologies in a research report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.73.

Get Our Latest Report on Palantir Technologies

Palantir Technologies Stock Performance

The stock’s 50-day simple moving average is $131.76 and its 200 day simple moving average is $139.92. The company has a market capitalization of $412.36 billion, a PE ratio of 147.02, a P/E/G ratio of 2.27 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company’s revenue was up 92.8% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. On average, analysts expect that Palantir Technologies Inc. will post 1.24 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction dated 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 completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. The trade was a 99.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director directly owned 54,107 shares of the company’s stock, valued at approximately $8,927,655. This represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,115,302 shares of company stock valued at $150,748,065 in the last three months. Corporate insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTR. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $29,000. Ballast Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth $29,000. Morton Brown Family Wealth LLC raised its stake in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in Palantir Technologies in the first quarter valued at $32,000. 45.65% of the stock is owned by institutional investors and hedge funds.

About Palantir Technologies

(Get Free Report)

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.