Palantir Technologies (NASDAQ:PLTR) Shares Down 2.2% – Here’s What Happened

Posted by Brenda Bartman on Aug 12th, 2026

Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report)’s share price traded down 2.2% during mid-day trading on Wednesday . The company traded as low as $168.34 and last traded at $171.04. 34,968,575 shares traded hands during trading, a decline of 26% from the average daily volume of 47,130,668 shares. The stock had previously closed at $174.94.

Palantir Technologies News Summary

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

Positive Sentiment: Exceptional growth and raised guidance support the long-term story. Palantir’s second-quarter revenue rose roughly 93% year over year to $1.94 billion, exceeding estimates, while adjusted earnings also beat expectations. Management raised full-year guidance again, with one analysis estimating the upgrade implies approximately $362 million of additional second-half revenue. Palantir’s “Otherworldly” Quarter Sends Shares Soaring 30%
Positive Sentiment: AI demand and the revenue pipeline remain major catalysts. Coverage points to accelerating enterprise AI adoption, strong U.S. commercial demand, a sizable backlog, expanding cash flow and a potential competitive advantage from Palantir’s open-weight approach, which lets customers customize models on their own infrastructure. Some bullish analysts see further upside, including price targets above $200. Palantir Q2: Karp Takes On the Two AI Labs
Neutral Sentiment: Government and defense exposure provides strategic support, but demand is concentrated. Palantir’s AI is reportedly being used in U.S. defense operations, and its sovereign-AI opportunity could expand. However, roughly 81% of revenue is tied to American demand, leaving the investment case dependent on the durability of U.S. government and commercial spending. Palantir Stock’s Premium Sits on One Country’s Demand
Negative Sentiment: Valuation leaves little room for disappointment. With Palantir valued at approximately 146 times earnings and 68 times sales, investors are pricing in continued rapid growth. Jefferies maintained an Underperform rating and warned that the valuation offers limited room for execution errors. Michael Burry’s renewed bearish position and insider selling after the rally have added to profit-taking and downside concerns. Jefferies’ Latest Warning on Palantir

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Needham & Company LLC set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Roth Capital began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. DZ Bank began coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Royal Bank Of Canada restated an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.19.

Check Out Our Latest Analysis on PLTR

Palantir Technologies Price Performance

The company’s 50-day moving average price is $132.50 and its two-hundred day moving average price is $139.81. The company has a market capitalization of $410.04 billion, a P/E ratio of 146.19, a price-to-earnings-growth ratio of 2.50 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. Palantir Technologies’s revenue was up 92.8% compared to the same quarter last year. On average, analysts anticipate that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies 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 completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This trade represents a 5.16% 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. In the last ninety days, insiders have sold 1,150,302 shares of company stock worth $156,197,565. Insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors have recently modified their holdings of the business. Revolve Wealth Partners LLC bought a new position in shares of Palantir Technologies during the fourth quarter worth approximately $450,000. Bison Wealth LLC grew its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC increased its stake in Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the period. Schnieders Capital Management LLC. raised its holdings in Palantir Technologies by 36.8% in the 2nd 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 in the last quarter. Finally, Vivaldi Capital Management LP bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $315,000. Institutional investors own 45.65% of the company’s stock.

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.