Palantir Technologies (NASDAQ:PLTR) Shares Down 5.2% – Should You Sell?

Posted by George Bondi on Jun 3rd, 2026

Shares of Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) were down 5.2% on Tuesday . The stock traded as low as $155.88 and last traded at $152.3470. Approximately 57,221,639 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 43,396,980 shares. The stock had previously closed at $160.65.

Key Headlines Impacting Palantir Technologies

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

Positive Sentiment: Palantir’s AI infrastructure momentum, profitability gains, and customer expansion are keeping the bullish case intact. Palantir’s AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
Positive Sentiment: Sector-wide software strength and improving earnings revisions are supporting Palantir’s stock, with AI adoption helping lift growth expectations. Palantir Leads Software Stocks as Earnings Revisions Improve
Positive Sentiment: Palantir’s Foundry platform extension through 2035 and its move into a channel-partner role could broaden future commercial demand. Why Palantir Technologies (PLTR) Is Up 17.4% After Cavanagh Extends Foundry And Becomes Channel Partner
Positive Sentiment: Investor enthusiasm remains high, with commentators and market watchers pointing to Palantir as a leading AI and defense-tech beneficiary. Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors
Neutral Sentiment: Several articles are focused on valuation and whether the stock’s big run leaves limited upside, which may temper enthusiasm even as the business performs well. Palantir vs. Oracle: Which AI Stock Is Worth Buying in 2026?
Neutral Sentiment: Some market coverage suggests the stock may be nearing a technical pause after its recent rally, with traders watching for the next breakout. Palantir Seen Ready for Next Move Higher
Negative Sentiment: Bearish commentary continues to warn that Palantir’s valuation is rich and that a lot of future growth may already be priced in. Prediction: This Will Be Palantir’s Stock Price by the End of 2027

Analyst Ratings Changes

Several research analysts have weighed in on PLTR shares. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Benchmark started coverage on Palantir Technologies in a research note on Wednesday, April 1st. They issued a “hold” rating on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Thursday, May 21st. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Tuesday, February 3rd. Finally, Citigroup lifted their price target on Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Read Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Trading Down 5.2%

The business has a 50 day simple moving average of $141.80 and a 200-day simple moving average of $155.65. The stock has a market capitalization of $365.22 billion, a price-to-earnings ratio of 171.18, a price-to-earnings-growth ratio of 2.48 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 84.7% on a year-over-year basis. Research analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 19,662 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 value of $2,674,818.48. Following the completion of the transaction, the insider owned 199,759 shares in the company, valued at approximately $27,175,214.36. This trade represents a 8.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 value of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. The trade was a 4.37% decrease in their position. 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. Insiders have sold a total of 922,524 shares of company stock valued at $125,501,302 in the last three months. 9.53% of the stock is currently owned by company insiders.

Institutional Trading of Palantir Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Milestone Asset Management LLC grew its holdings in shares of Palantir Technologies by 229.5% in the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after acquiring an additional 42,173 shares during the last quarter. VCI Wealth Management LLC grew its holdings in shares of Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after buying an additional 3,621 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Palantir Technologies by 135.3% in the third quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company’s stock valued at $98,659,000 after purchasing an additional 310,942 shares in the last quarter. Vanguard Group Inc. grew its stake in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Palantir Technologies in the fourth quarter worth about $222,143,000. 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.