Palantir Technologies (NASDAQ:PLTR) Shares Up 2.8% – Here’s What Happened

Posted by George Bondi on May 14th, 2026

Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) was up 2.8% during mid-day trading on Thursday . The stock traded as high as $134.48 and last traded at $133.73. Approximately 36,679,395 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 49,568,816 shares. The stock had previously closed at $130.05.

Key Stories Impacting Palantir Technologies

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

Positive Sentiment: Palantir continues to benefit from bullish coverage after its strong Q1 results, with articles highlighting accelerating revenue growth, expanding U.S. commercial demand, and several analysts maintaining or raising optimistic price targets. Palantir’s Critics Are “Right”—But They’re Also Still Wrong
Positive Sentiment: Recent defense-related headlines also support the long-term bull case, including expanded AI and battlefield-data cooperation with Ukraine and plans to scale interoperability across the U.S. Army, reinforcing Palantir’s role in government and defense spending. Palantir Ukraine AI Deal Puts Battlefield Data At Center Of Growth Narrative
Positive Sentiment: Some traders are still betting on a rebound, with unusual call-option buying suggesting investors see the recent pullback as an opportunity. Palantir Shows Huge Unusual Call Options Buying – PLTR Could Be Cheap Here
Neutral Sentiment: Multiple commentary pieces today frame Palantir as expensive but still high quality, which keeps the stock in focus but does not clearly resolve the near-term direction.
Negative Sentiment: Bearish articles are pressuring sentiment by arguing that PLTR’s valuation is stretched, insiders are selling more than buying, and the stock may be vulnerable after a strong run. When It Comes to Palantir, the Roar of the Bears Is Too Loud to Ignore
Negative Sentiment: Competition is also becoming a concern after Alphabet’s updated classified DoD contract for Gemini AI raised fears that Palantir could face tougher rivalry for government AI spending. Why Palantir Suddenly Looks Vulnerable After Google’s Move (PLTR)

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLTR shares. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. DA Davidson reduced their target price on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Get Our Latest Research Report on Palantir Technologies

Palantir Technologies Trading Up 2.8%

The firm’s 50 day moving average is $145.28 and its two-hundred day moving average is $160.33. The firm has a market cap of $319.84 billion, a P/E ratio of 150.26, a price-to-earnings-growth ratio of 2.16 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $0.13 EPS. Palantir Technologies’s quarterly revenue was up 84.7% compared to the same quarter last year. 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 Shyam Sankar sold 168,004 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $85,953,343.92. This trade represents a 20.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the transaction, the insider directly owned 219,421 shares in the company, valued at $29,340,976.12. The trade was a 8.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,029,479 shares of company stock worth $137,685,797 over the last ninety days. 9.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GC Wealth Management RIA LLC boosted its stake in Palantir Technologies by 4.7% during the 1st quarter. GC Wealth Management RIA LLC now owns 16,847 shares of the company’s stock worth $2,464,000 after acquiring an additional 750 shares during the last quarter. Keebeck Wealth Management lifted its stake in Palantir Technologies by 75.5% in the first quarter. Keebeck Wealth Management now owns 5,111 shares of the company’s stock valued at $748,000 after buying an additional 2,198 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in 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 buying an additional 7,678,747 shares in the last quarter. Greenline Wealth Management LLC lifted its stake in Palantir Technologies by 7.1% in the first quarter. Greenline Wealth Management LLC now owns 7,101 shares of the company’s stock valued at $1,039,000 after buying an additional 472 shares in the last quarter. Finally, Liberty One Investment Management LLC lifted its stake in Palantir Technologies by 128.4% in the first quarter. Liberty One Investment Management LLC now owns 2,412 shares of the company’s stock valued at $353,000 after buying an additional 1,356 shares in the last quarter. 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.