Palantir Technologies (NASDAQ:PLTR) Stock Price Down 2.4% – Here’s What Happened

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price dropped 2.4% on Monday . The company traded as low as $183.64 and last traded at $184.18. Approximately 26,513,821 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 77,889,711 shares. The stock had previously closed at $188.71.

Key Stores Impacting Palantir Technologies

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

• Positive Sentiment: Strong 2025 momentum — Palantir rallied ~145% this year on rapid commercial growth and steady government revenue, which supporters say gives upside into 2026. Palantir Stock Is Up 145% in 2025. What The Data Tells Us to Expect for the New Year.
• Positive Sentiment: Application‑layer trade: Market commentary positions PLTR as a leading AI software “pure play” (sticky enterprise contracts, S&P inclusion, U.S. Navy ShipOS win) — bullish for institutional demand. The Great Rotation: 3 AI Pure Plays Winning 2026 (MarketBeat)
• Positive Sentiment: High‑profile bulls remain supportive — Jim Cramer reiterated he still likes Palantir, which can buoy retail flows and sentiment. Jim Cramer Says He Still Likes Palantir Very Much
• Neutral Sentiment: Analyst / media takes mixed — pieces weighing whether PLTR is a buy now or fairly valued post‑rally keep debate alive but don’t move the needle alone. Is Palantir Stock a Buy Now?
• Neutral Sentiment: Ongoing forecasts and price‑target dispersion — models and price targets range widely (median around $200), sustaining volatility as investors argue valuation vs. growth. Palantir Technologies (PLTR) Price Prediction and Forecast 2025-2030
• Negative Sentiment: Disruption risk flagged for 2026 — analysis warns of competitive/operational risks that could pressure growth if execution slips or new competitors win deals. Palantir: Disruption Risk Coming In 2026
• Negative Sentiment: Red flags and valuation concerns — analyst notes and TipRanks pieces list three investor worries for 2026 (valuation, concentration, execution), which weigh on risk‑off trading. Palantir (PLTR) Stock Forecast — 3 Red Flags Investors Can’t Ignore in 2026
• Negative Sentiment: Big-name short and market chatter — Michael Burry’s public shorting of PLTR (and Nvidia) creates headline risk and can trigger tactical selling. Michael Burry Bets He Isn’t Too Early to Go Against the AI Juggernaut
• Negative Sentiment: Heavy insider selling highlighted — reports show extensive insider sales by several executives, a tangible negative that can reduce investor confidence. Palantir Technologies Stock (PLTR) Opinions on AI Momentum and Valuation Debate
• Negative Sentiment: Risk‑off market and premarket weakness today — coverage of broader tech selling and premarket softness lists PLTR among decliners, amplifying intraday downside. US Stocks Slip as Risk-Off Sentiment Hits Big Tech, Lifts Energy

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLTR. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. HSBC boosted their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Morgan Stanley raised their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada lifted their price objective on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Finally, Citigroup boosted their price objective on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Stock Performance

The firm has a 50 day moving average price of $181.17 and a two-hundred day moving average price of $168.12. The company has a market capitalization of $438.98 billion, a P/E ratio of 438.53, a price-to-earnings-growth ratio of 7.32 and a beta of 1.50.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $0.10 earnings per share. The business’s revenue was up 62.8% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other news, insider Shyam Sankar sold 149,872 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This trade represents a 18.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,008,844 shares of company stock worth $164,750,951 over the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Palantir Technologies by 3.6% during the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the last quarter. Truist Financial Corp increased its stake in shares of Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after purchasing an additional 21,809 shares in the last quarter. Prentice Wealth Management LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $550,000. State of Michigan Retirement System boosted its stake in shares of Palantir Technologies by 1.3% during the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after purchasing an additional 12,300 shares during the last quarter. Finally, Presilium Private Wealth LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at approximately $204,000. 45.65% of the stock is owned by institutional investors and hedge funds.

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.