Palantir Technologies (NASDAQ:PLTR) Hits New 1-Year Low – Here’s What Happened

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $122.25 and last traded at $122.8210, with a volume of 18016339 shares. The stock had previously closed at $128.47.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s U.S. revenue grew 104% in Q1 2026, underscoring strong demand across both government and commercial customers and reinforcing the company’s growth story. Article Title
• Positive Sentiment: Some commentary remains constructive, noting that Palantir continues to rank as a favored AI software name among hedge funds and that recent analyst targets still imply meaningful upside from current levels. Article Title
• Neutral Sentiment: Analysts and market commentators are debating whether PLTR is still a value opportunity versus peers like Paycom, highlighting that investors are increasingly focused on valuation rather than just growth. Article Title
• Neutral Sentiment: Technical traders say PLTR is near a major support region, suggesting the stock may be trying to stabilize after its recent pullback. Article Title
• Negative Sentiment: Reuters-reported news that France’s domestic intelligence agency will replace Palantir tools with a French competitor raises concern about competitive pressure and potential loss of international government business. Article Title
• Negative Sentiment: Recent articles also frame Palantir as expensive relative to fundamentals, with some investors arguing that a lot of future growth is already priced into the shares. Article Title

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLTR. Cantor Fitzgerald reissued a “neutral” rating and issued a $138.00 price target on shares of Palantir Technologies in a report on Friday, May 22nd. BNP Paribas Exane initiated coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an “underperform” rating on the stock. DZ Bank initiated coverage on Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. Wolfe Research raised Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Finally, Wedbush began coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Palantir Technologies Price Performance

The business has a 50 day moving average of $137.94 and a 200 day moving average of $152.46. The firm has a market capitalization of $286.79 billion, a price-to-earnings ratio of 134.75, a PEG ratio of 2.04 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was up 84.7% on a year-over-year basis. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the sale, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 927,270 shares of company stock valued at $126,197,785. 9.53% of the stock is currently owned by company insiders.

Institutional Trading of Palantir Technologies

Several hedge funds and other institutional investors have recently modified their holdings of PLTR. Bare Financial Services Inc raised its position in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Basepoint Wealth LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $29,000. United Financial Planning Group LLC acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $32,000. Morton Brown Family Wealth LLC grew its stake in shares of Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Finally, Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.