Palantir Technologies (NASDAQ:PLTR) Shares Down 3.5% – Here’s What Happened

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) traded down 3.5% during mid-day trading on Thursday . The stock traded as low as $147.12 and last traded at $151.86. 59,134,279 shares were traded during trading, an increase of 51% from the average session volume of 39,076,691 shares. The stock had previously closed at $157.35.

Palantir Technologies News Roundup

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

• Positive Sentiment: Partner win that signals product demand — Innodata was selected to supply annotated training data and generative‑AI support for Palantir’s rodeo event analysis, underscoring enterprise/customer adoption of Palantir’s AI platforms. Innodata shares surge on AI data contract with Palantir Technologies
• Positive Sentiment: Analyst upside and backlog visibility — Several analysts argue PLTR is undervalued versus growth: Citi and others have raised targets (examples cited in press commentary) pointing to strong commercial AI traction and a $2.6B backlog that supports revenue visibility. Palantir (PLTR) Stock: Why Analysts See 42% Upside After Recent Drop
• Neutral Sentiment: Earnings as a major catalyst — Palantir reports Q4 on Feb. 2; options imply a large post‑earnings swing, so results could trigger sharp moves either way. Market opinion is split: some highlight accelerating growth and margin expansion, others warn valuation leaves little room for disappointment. Palantir Technologies (PLTR) Q4 Earnings on Deck: Options Market Braces for a 10.70% Swing
• Neutral Sentiment: Government contract exposure — The FT lists Palantir among firms benefiting from recent U.S. immigration enforcement spending; that can boost revenue but carries political/reputational risk. Companies reap $22bn from Trump’s immigration crackdown
• Negative Sentiment: Technical breakdown increases selling risk — PLTR recently fell below its 200‑day moving average and formed a head‑and‑shoulders pattern; $150 is cited as critical support bulls must defend, increasing short‑term downside pressure. Palantir Stock’s 3-Year Safety Net Just Snapped: The $150 Line Bulls Must Defend
• Negative Sentiment: Analyst warning of deep downside and insider activity — Some analysts (and coverage notes) warn PLTR could fall sharply (one note references a potential drop toward $50) and flag insider selling, which heightens risk if growth falters or guidance disappoints. This Analyst Warns Palantir Stock Could Plunge to $50. Should You Sell Shares Now?
• Negative Sentiment: High valuation raises sensitivity to any miss — PLTR’s rich multiples (very high P/E, elevated PEG) leave little margin for error, making the stock more likely to trade down on anything less than stellar execution or guidance. Should Palantir Stock Be in Your Portfolio Before Q4 Earnings?

Analyst Ratings Changes

A number of research analysts recently weighed in on PLTR shares. Mizuho lifted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a research report on Thursday, January 22nd. The Goldman Sachs Group upped their target price on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Bank of America boosted their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Phillip Securities started coverage on Palantir Technologies in a report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $184.07.

Palantir Technologies Price Performance

The stock has a market cap of $361.95 billion, a price-to-earnings ratio of 361.58, a P/E/G ratio of 4.17 and a beta of 1.54. The business’s fifty day simple moving average is $176.37 and its 200 day simple moving average is $173.58.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the sale, the insider owned 413,639 shares in the company, valued at $76,899,626.49. This represents a 2.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 12,000 shares of Palantir Technologies stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the sale, the insider owned 239,409 shares of the company’s stock, valued at approximately $43,416,822.15. This represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,023,444 shares of company stock valued at $167,394,629 over the last ninety days. Insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

Several institutional investors have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies during the 2nd quarter valued at $27,000. Briaud Financial Planning Inc acquired a new position in Palantir Technologies in the 2nd quarter valued at $27,000. Bare Financial Services Inc lifted its position 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 purchasing an additional 55 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $28,000. Finally, Delos Wealth Advisors LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at $29,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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.