Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) fell 1.6% on Tuesday. The company traded as low as $165.25 and last traded at $175.40. Approximately 52,457,923 shares were traded during trading, an increase of 27% from the average session volume of 41,322,871 shares. The stock had previously closed at $178.34.
More Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir reported Q3 revenue of $2.31 billion, up 96% year over year, and adjusted EPS of $0.44, both above expectations. U.S. commercial revenue rose 148% to $984 million, surpassing U.S. government revenue for the first time. Reuters article
- Positive Sentiment: Management raised its 2026 revenue outlook to about $8.5 billion, above the prior consensus, and forecast Q4 revenue of $2.6–$2.7 billion. Strong sovereign-AI demand, commercial adoption and expanding defense deployments underpin the outlook. Zacks article
- Neutral Sentiment: Several firms raised price targets or reiterated Buy ratings after the results, while analysts remain divided over whether Palantir’s growth can sustain its valuation. Analyst price-target article
- Negative Sentiment: Investors are concerned that total contract value growth slowed to 6% year over year from 49% in the prior quarter; U.S. commercial contract value growth also cooled sharply. Fewer large deals and slower backlog growth raise questions about how quickly today’s demand will translate into future revenue. MarketWatch article
- Negative Sentiment: Palantir’s lofty valuation adds to the pressure: even exceptional results may not satisfy investors if growth or bookings momentum shows signs of easing. MarketBeat article
Wall Street Analyst Weigh In
Several research firms have recently issued reports on PLTR. The Goldman Sachs Group reiterated a “buy” rating and set a $235.00 target price on shares of Palantir Technologies in a report on Tuesday. William Blair restated an “outperform” rating on shares of Palantir Technologies in a research note on Wednesday, August 26th. Northland Securities set a $200.00 price objective on Palantir Technologies in a research report on Tuesday, August 4th. Roth Capital began coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating for the company. Finally, Raymond James Financial raised Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $214.27.
View Our Latest Stock Report on PLTR
Palantir Technologies Stock Down 1.6%
The stock’s fifty day moving average price is $186.87 and its 200 day moving average price is $153.90. The stock has a market cap of $421.50 billion, a PE ratio of 149.91, a PEG ratio of 3.51 and a beta of 1.60.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 95.9% compared to the same quarter last year. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.29 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Palantir Technologies news, Director Lauren Friedman Stat sold 5,026 shares of Palantir Technologies stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total value of $1,000,174.00. Following the completion of the sale, the director owned 46,402 shares of the company’s stock, valued at approximately $9,233,998. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 560,390 shares of company stock worth $97,909,177. 9.53% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Palantir Technologies
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares during the last quarter. State Street Corp boosted its holdings in Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares during the last quarter. Bank of America Corp DE boosted its holdings in Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock worth $2,755,883,000 after purchasing an additional 4,201,852 shares during the last quarter. Amundi grew its position in Palantir Technologies by 2.5% in the 1st quarter. Amundi now owns 16,410,400 shares of the company’s stock worth $2,400,513,000 after purchasing an additional 398,093 shares during the period. Finally, Jennison Associates LLC bought a new stake in Palantir Technologies in the 1st quarter worth approximately $1,574,111,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.
Palantir Technologies Company Profile
Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.
Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.
Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.
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