Shares of Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) shot up 2.6% during mid-day trading on Monday . The company traded as high as $130.72 and last traded at $130.04. Approximately 39,395,908 shares were traded during trading, a decline of 17% from the average daily volume of 47,280,055 shares. The stock had previously closed at $126.79.
Trending Headlines about Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir announced it will release second-quarter 2026 results on August 3 and host a webcast afterward, setting up the next major catalyst for the stock. Palantir Announces Date of Second Quarter 2026 Earnings Release and Webcast
- Positive Sentiment: Several articles highlighted Palantir as a leading AI stock, with commentary suggesting the company still has substantial long-term upside if its AI platform keeps expanding. Prediction: This Will Be Palantir Technologies’ Stock Price in 2030
- Positive Sentiment: A TipRanks piece described Palantir as “one to admire,” reflecting continued interest from investors who remain constructive on the company despite valuation concerns. ‘One to Admire,’ Says Top Investor About Palantir Stock
- Neutral Sentiment: Palantir co-founder Joe Lonsdale’s comments on the AI investment boom may have helped reinforce the broader bullish AI backdrop, but they were not direct company news. Palantir Co-Founder Joe Lonsdale on the AI Investment Boom
- Negative Sentiment: Some coverage continued to emphasize that Palantir’s valuation is stretched, including articles comparing it unfavorably with lower-priced AI and software peers. That can pressure sentiment if investors focus on price-to-sales and earnings multiples rather than growth. Forget Palantir as It Bounces Back and Get in Salesforce Before Wall Street Wakes Up to Real Value
- Negative Sentiment: Analyst-style commentary and other opinion pieces raised ongoing concerns about how much revenue growth would be needed to justify Palantir’s share price, underscoring the risk of a valuation reset if growth slows. For Palantir To Justify Its Current Share Price, It Would Need To Increase Revenue To $42 Billion By 2030
Analysts Set New Price Targets
A number of research analysts have recently commented on PLTR shares. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. BNP Paribas Exane started coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an “underperform” rating for the company. Wolfe Research upgraded shares of Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Weiss Ratings cut shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Finally, BTIG Research downgraded shares of Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.85.
Palantir Technologies Stock Up 2.6%
The stock has a market capitalization of $311.77 billion, a P/E ratio of 146.13, a PEG ratio of 2.03 and a beta of 1.56. The firm’s 50-day simple moving average is $132.58 and its 200 day simple moving average is $146.06.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.
Insider Buying and Selling at Palantir Technologies
In related news, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $4,550,000.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $83,562,180. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 397,744 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 $54,109,093.76. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $875,044,378.32. This trade represents a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,112,270 shares of company stock valued at $150,247,785. Corporate insiders own 9.53% of the company’s stock.
Hedge Funds Weigh In On Palantir Technologies
A number of institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Palantir Technologies in the fourth quarter worth about $5,149,641,000. Jennison Associates LLC acquired a new stake in shares of Palantir Technologies during the first quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after acquiring an additional 7,678,747 shares in the last quarter. State Street Corp lifted its position in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. boosted its stake in Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after purchasing an additional 5,938,343 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.
About Palantir Technologies
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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