Palantir Technologies (NASDAQ:PLTR) Shares Up 2.1% – Here’s Why

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) were up 2.1% during mid-day trading on Wednesday. The stock traded as high as $175.41 and last traded at $172.40. 15,764,523 shares changed hands during trading, a decline of 62% from the average session volume of 40,989,238 shares. The stock had previously closed at $168.82.

Key Headlines Impacting Palantir Technologies

Investors following PLTR have been watching these headlines:

• Positive Sentiment: Palantir’s third-quarter results were strong: revenue rose 96% year over year to $2.31 billion and earnings per share beat estimates. Its expanding AI deployments across areas including defense, construction and healthcare could support future recurring revenue, although reported announcements did not include contract values. Palantir Stock: The 1 Number That Could Fuel Its Next Rally
• Neutral Sentiment: Helsing introduced a battlefield-data AI platform aimed at European customers, presenting a potential competitor to Palantir. The announcement may raise competitive questions, but its effect on Palantir’s business is not yet clear. Helsing debuts Clarity military AI to challenge Palantir in Europe
• Negative Sentiment: Valuation remains a risk after the recent sell-off. One comparison put Palantir at about 53 times sales versus an estimated 35–39 times for Anthropic, potentially limiting the stock’s appeal if growth expectations cool. Investor says Anthropic would cost less than Palantir on sales

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of Palantir Technologies in a research note on Tuesday, November 3rd. Benchmark restated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Wolfe Research initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Mizuho lifted their target price on Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $214.53.

Palantir Technologies Price Performance

The company’s 50-day moving average price is $185.19 and its two-hundred day moving average price is $153.77. The company has a market capitalization of $414.29 billion, a price-to-earnings ratio of 120.56, a PEG ratio of 3.42 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.18 billion. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. Palantir Technologies’s revenue for the quarter was up 95.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.36 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, 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 value of $359,275.65. Following the transaction, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. The trade was a 3.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, Director Lauren Friedman Stat sold 5,026 shares of the company’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $199.00, for a total value of $1,000,174.00. Following the sale, the director owned 46,402 shares in the company, valued at approximately $9,233,998. The trade was a 9.77% decrease in their position. 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. In the last 90 days, insiders sold 523,716 shares of company stock worth $92,212,379. Corporate insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors have recently added to or reduced their stakes in PLTR. BlackRock Inc. grew its position in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after buying an additional 757,322 shares during the period. State Street Corp boosted its stake in Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after acquiring an additional 2,863,874 shares in the last quarter. Bank of America Corp DE boosted its stake in Palantir Technologies by 1.0% during the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after acquiring an additional 180,486 shares in the last quarter. Amundi boosted its stake in Palantir Technologies by 7.4% during the second quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after acquiring an additional 1,212,653 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in Palantir Technologies in the first quarter worth $1,574,111,000. 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 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.