Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) shares traded up 1.9% during mid-day trading on Monday . The company traded as high as $136.62 and last traded at $134.85. Approximately 30,170,673 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 46,809,684 shares. The stock had previously closed at $132.38.
Key Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Multiple articles highlight Palantir’s growing “moat,” suggesting its software and AI platform are becoming harder for competitors to displace. Why I Think Palantir’s Moat Keeps Growing
- Positive Sentiment: Commentary also points to Palantir’s strong execution, including repeated earnings beats and a raised outlook, reinforcing the view that the company is still delivering results that can support further upside. Predicition: Palantir Defies Doubters. Here’s Our New Price Target
- Positive Sentiment: Articles focused on Palantir’s AIP solution and accelerating revenue growth argue the company remains a key AI beneficiary, which is helping support investor enthusiasm. Palantir: The Stock Is Richly Valued With a Forward P/S Multiple of Over 40x, but Is the Growth Story Still Worth Buying Into?
- Neutral Sentiment: Several headlines simply note that Palantir is one of the market’s most searched and debated stocks, indicating elevated trader attention rather than a clear new fundamental catalyst. Investors Heavily Search Palantir Technologies Inc. (PLTR): Here is What You Need to Know
- Neutral Sentiment: Some pieces emphasize that Palantir is still richly valued, with a forward price-to-sales multiple above 40x, which keeps the stock vulnerable to volatility even when the growth story remains intact. Should You Buy Palantir Technologies Stock While It’s Trading Below $140?
- Negative Sentiment: One recurring concern is that PLTR has already fallen sharply from its highs and remains down more than 20% this year, reminding investors that valuation pressure is still weighing on sentiment despite solid operating performance. Should You Buy Palantir Technologies Stock While It’s Trading Below $140?
Analyst Ratings Changes
A number of equities analysts have commented on the stock. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. Phillip Securities raised their price target on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Wedbush started coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an “outperform” rating on the stock. Wolfe Research upgraded shares of Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Finally, Citigroup boosted their price target on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.85.
Palantir Technologies Trading Up 1.9%
The stock has a market cap of $323.28 billion, a PE ratio of 151.52, a P/E/G ratio of 2.12 and a beta of 1.56. The company has a fifty day moving average of $132.20 and a 200-day moving average of $144.02.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.Palantir Technologies’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.
Insider Buying and Selling at Palantir Technologies
In related news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $4,550,000.00. Following the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have 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
Institutional investors have recently modified their holdings of the business. Basepoint Wealth LLC purchased a new position in Palantir Technologies in the fourth quarter valued at $29,000. Ballast Advisors LLC purchased a new stake in Palantir Technologies during the 1st quarter worth about $29,000. Morton Brown Family Wealth LLC increased its holdings 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 purchasing an additional 125 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $31,000. Finally, Clayton Financial Group LLC raised its position in Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.
Palantir Technologies Company Profile
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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