Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) shares shot up 3.5% during trading on Friday. The company traded as high as $163.97 and last traded at $160.38. 23,642,526 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 41,265,824 shares. The stock had previously closed at $154.99.
Key Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir reported third-quarter revenue of $2.31 billion, up 96% year over year, and adjusted EPS of $0.44—both above analyst expectations. It also raised its 2026 revenue outlook, while U.S. commercial revenue surged 148%, supporting the bull case for continued AI demand. Palantir’s $2.3 billion quarter and valuation
- Neutral Sentiment: Some investors and analysts remain optimistic about Palantir’s longer-term growth, and ARK Invest recently bought shares. Those positive views provide support but do not settle concerns about the stock’s valuation or near-term bookings. ARK Invest’s Palantir purchase
- Negative Sentiment: The main concern is a sharp deceleration in total contract value growth, reported at 6% versus 49% in the prior quarter. Investors are questioning whether Palantir can replenish its sales pipeline fast enough to sustain its rapid revenue growth. Analysis of contract-value growth
- Negative Sentiment: Palantir’s high valuation leaves little room for execution setbacks, and a broader retreat from AI and software stocks has added pressure. Concerns about potential defense-spending reductions may also weigh on sentiment toward its government business. Report on the AI and defense-stock sell-off
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on PLTR shares. Northland Securities set a $200.00 target price on Palantir Technologies in a research note on Tuesday, August 4th. JPMorgan Chase & Co. started coverage on shares of Palantir Technologies in a research note on Thursday, October 29th. They issued an “overweight” rating and a $262.00 price target on the stock. Piper Sandler reissued an “overweight” rating and set a $235.00 price objective (up from $231.00) on shares of Palantir Technologies in a report on Tuesday. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 11th. Finally, Barclays upped their target price on shares of Palantir Technologies from $265.00 to $273.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $214.53.
Get Our Latest Research Report on PLTR
Palantir Technologies Trading Up 3.5%
The firm has a 50 day simple moving average of $186.39 and a two-hundred day simple moving average of $153.78. The company has a market capitalization of $385.40 billion, a PE ratio of 112.15, a P/E/G ratio of 3.60 and a beta of 1.65.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 95.9% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Ryan D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $201.15, for a total value of $3,620,700.00. Following the sale, the insider owned 274,667 shares of the company’s stock, valued at $55,249,267.05. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the transaction, the insider owned 58,171 shares in the company, valued at approximately $10,170,035.93. This trade represents a 3.41% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 523,716 shares of company stock worth $92,212,379 in the last ninety days. Insiders own 9.53% of the company’s stock.
Hedge Funds Weigh In On Palantir Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in PLTR. Valued Retirements Inc. purchased a new stake in Palantir Technologies during the third quarter worth $248,000. truNorth Financial Services Inc. grew its holdings in Palantir Technologies by 1.3% in the third quarter. truNorth Financial Services Inc. now owns 4,914 shares of the company’s stock valued at $919,000 after purchasing an additional 65 shares during the last quarter. Allworth Financial LP increased its position in shares of Palantir Technologies by 14.2% in the third quarter. Allworth Financial LP now owns 113,592 shares of the company’s stock valued at $21,247,000 after buying an additional 14,102 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Palantir Technologies by 16.3% in the third quarter. Fisher Asset Management LLC now owns 31,994 shares of the company’s stock valued at $5,984,000 after buying an additional 4,477 shares in the last quarter. Finally, Altar Rock LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth $199,000. Institutional investors and hedge funds own 45.65% of the company’s stock.
About Palantir Technologies
Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.
The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.
Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.
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