Palantir Technologies (NASDAQ:PLTR) Shares Down 3.4% – What’s Next?

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) fell 3.4% on Monday . The stock traded as low as $127.39 and last traded at $130.60. 52,253,595 shares traded hands during trading, an increase of 2% from the average session volume of 51,221,453 shares. The stock had previously closed at $135.24.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Large federal win + commercial rollout push — Palantir signed a roughly $1B software agreement with the U.S. Department of Homeland Security and announced a partnership with Rackspace to accelerate deployment of Foundry and its AIP for regulated customers; this both deepens federal footprint and helps scale commercial distribution. Palantir’s DHS Deal And Rackspace Tie Up Contrast With European Pushback
• Positive Sentiment: DoD authorization expands addressable market — The Defense Information Systems Agency granted Palantir’s PFCS Forward IL5/IL6 provisional authorization, enabling sensitive DoD on‑premises and edge deployments and strengthening Palantir’s moat for mission-critical defense workloads. Palantir Just Opened a New DoD Door—What Changes Now?
• Positive Sentiment: Analyst re-ratings and longer-term bull narrative remain — Some shops have upgraded or reiterated bullish views after the recent pullback, arguing that de‑risked multiples and strong AI-driven revenue growth justify upside. Palantir (PLTR) Called a “Category of One” as Analysts Upgrade the Stock
• Neutral Sentiment: Volatility/trading strategies are active — Traders and strategists are discussing protective options trades (married put spreads) to hedge the current selloff, reflecting elevated implied volatility and interest from option-market participants. Play the ‘SaaS Apocalypse’ Selloff in Palantir Stock With This 1 Winning, Protective Options Trade
• Neutral Sentiment: Buy-on-softness narratives clash with valuation concerns — Some analysts argue recent weakness creates a buying opportunity given growth and guidance; others caution that high multiples still leave downside risk. Buy Palantir on Recent Softness Amid Massive Short-Term Price Upside
• Negative Sentiment: Marketwide SaaS/AI pullback and governance fears — Coverage highlights a broader software selloff and points to governance questions that are weighing on sentiment and triggering outsized moves in high‑beta names like PLTR. Stock Market Today, Feb. 23: Palantir Falls as Market Pullback and Governance Questions Weigh
• Negative Sentiment: High‑profile criticism and reputation risk — Michael Burry and others have publicly flagged governance and executive spending (including coverage of the CEO’s private jet), which fuels short-term selling and narrative risk. Michael Burry Sounds Alarm On Palantir, Flags CEO Alex Karp’s ‘Elevated’ $17.2 Million Private Jet Tab
• Negative Sentiment: Bear research and skeptics remain vocal — Critical takes (e.g., Seeking Alpha) argue that even after the drop PLTR may not be attractive given valuation, concentration in government revenue, and execution risks. Palantir Technologies: Even This Plunge Doesn’t Make Shares Investment-Worthy

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Tuesday, February 3rd. Citigroup boosted their price target on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Finally, Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $191.05.

Palantir Technologies Stock Performance

The stock has a market cap of $311.28 billion, a P/E ratio of 207.30, a P/E/G ratio of 2.60 and a beta of 1.64. The firm has a 50 day moving average of $164.88 and a two-hundred day moving average of $171.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 400 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $151.14, for a total transaction of $60,456.00. Following the sale, the director directly owned 58,287 shares in the company, valued at approximately $8,809,497.18. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 9,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the transaction, the insider owned 413,639 shares of the company’s stock, valued at approximately $76,899,626.49. This represents a 2.13% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 24,800 shares of company stock valued at $4,526,436. 12.93% of the stock is owned by corporate insiders.

Institutional Trading of Palantir Technologies

A number of large investors have recently bought and sold shares of PLTR. Occidental Asset Management LLC increased its position in shares of Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock worth $358,000 after purchasing an additional 53 shares in the last quarter. Gallacher Capital Management LLC grew its stake in Palantir Technologies by 2.2% during the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock worth $447,000 after buying an additional 53 shares during the last quarter. Bare Financial Services Inc grew its stake in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares during the last quarter. Lionshead Wealth Management LLC increased its holdings in shares of Palantir Technologies by 0.4% during the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock worth $2,395,000 after buying an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group increased its holdings in shares of Palantir Technologies by 3.6% during the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after buying an additional 57 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

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.