Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) dropped 3.2% during trading on Friday . The company traded as low as $149.09 and last traded at $150.68. Approximately 48,302,566 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 50,603,035 shares. The stock had previously closed at $155.68.
Key Headlines Impacting Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Large contract backlog and recent new deals reinforce revenue visibility — investors point to an ~ $11.2B revenue backlog and fresh government/commercial awards (Air Force, GE Aerospace) that underpin accelerating revenue and margins. QuiverQuant: Opinions on Earnings Acceleration and New Deals
- Positive Sentiment: Strategic AI partnerships expand TAM — Palantir and NVIDIA announced a sovereign AI OS reference architecture, positioning Palantir as a software leader for sensitive enterprise/government AI deployments. That narrative supports higher long-term multiples if adoption scales. Yahoo Finance: Palantir Is Launching New AI OS Reference Architecture with Nvidia
- Positive Sentiment: Analyst support and target lifts — UBS raised its PLTR target to $200 and Mizuho reiterated Outperform, which gives investors a bullish institutional reference point for upside. AmericanBankingNews: UBS Raises Palantir Price Target to $200 Yahoo Finance: Mizuho Reiterates Outperform
- Neutral Sentiment: ARKK and broader tech weakness create cross‑winds — Palantir is held in growth/AI-focused ETFs (e.g., ARKK); pressure on those funds and concentrated names can amplify PLTR moves but also offer leverage on a tech rebound. MarketBeat: Is the ARK Innovation ETF Finding a Floor?
- Neutral Sentiment: Technical posture: recent rebound and consolidation — traders note a bounce from recent lows and key support near the 50‑day/SMA and $145 area; short-term price action will hinge on holding those levels. QuiverQuant: Technical and Sentiment Summary
- Negative Sentiment: Valuation concerns remain acute — several commentaries call PLTR richly priced (very high P/E and sales multiples versus the market), which makes the stock vulnerable to multiple contraction if growth cools. The Motley Fool: Palantir Stock Is 2,500% More Expensive Than the S&P 500 Average
- Negative Sentiment: Prominent critics and heavy insider selling weigh on sentiment — public short campaigns (e.g., Michael Burry coverage) and documented insider sales / institutional shifts have amplified downside risk from a sentiment perspective. Yahoo Finance: Michael Burry Rails Against the Media Over Palantir Coverage QuiverQuant: Insider & Institutional Activity
Wall Street Analyst Weigh In
PLTR has been the topic of a number of analyst reports. Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Wednesday, February 18th. Cantor Fitzgerald restated a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Tuesday, February 3rd. Citigroup lifted their price objective 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. Finally, Jefferies Financial Group set a $208.00 target price on shares of Palantir Technologies in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $196.32.
Palantir Technologies Stock Performance
The firm has a market capitalization of $360.38 billion, a P/E ratio of 239.18, a P/E/G ratio of 3.03 and a beta of 1.70. The stock has a 50 day moving average of $151.07 and a two-hundred day moving average of $168.64.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.
Insider Buying and Selling
In related news, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,045,279 shares of company stock valued at $140,539,043 in the last quarter. Insiders own 9.23% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Purpose Unlimited Inc. acquired a new position in Palantir Technologies in the fourth quarter valued at about $20,089,000. Cornerstone Planning LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $5,651,000. AMG Asset Management Group Inc. acquired a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $249,000. Forty three Eighteen Advisors LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $299,000. Finally, Osbon Capital Management LLC acquired a new position in Palantir Technologies in the fourth quarter worth $346,000. 45.65% of the stock is owned by institutional investors.
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.
Further Reading
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