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

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) were down 3.5% on Friday . The company traded as low as $170.01 and last traded at $170.96. Approximately 59,058,606 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 40,491,879 shares. The stock had previously closed at $177.07.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Company execution and guidance look strong: Palantir has signaled rising U.S. commercial revenue and raised its revenue/cash‑flow outlook, which supports continued top‑line growth and AI demand from enterprises. Can Palantir’s Commercial Surge Sustain PLTR’s Next Leg of Growth?
• Positive Sentiment: Analyst interest: recent coverage includes new Buy ratings and price targets (e.g., Truist’s initiation with a $223 target), giving institutional validation that could support longer‑term flows. Where is Palantir Technologies Inc. (PLTR) Headed According to Analysts?
• Positive Sentiment: High‑profile endorsements: media figures (e.g., Jim Cramer) expressing confidence in Palantir’s management can help sentiment during short‑term weakness. Jim Cramer Says He Believes in Palantir (PLTR)’s Management
• Neutral Sentiment: Retail/institutional exposure tools highlight Palantir as an AI play (included in some thematic/leveraged tech ETFs), which increases accessibility but can amplify short‑term flows both ways. This Tool Allows Investors to Easily Find AI Exposure
• Negative Sentiment: Valuation concerns are prominent: multiple analyst and media pieces warn PLTR’s run has left the stock richly valued and question whether upside is already priced in, prompting profit‑taking. Is It Too Late to Buy Palantir After Its Massive Run?
• Negative Sentiment: Major shareholder selling: Ark Invest (Cathie Wood) has trimmed PLTR exposure again, which can signal rotation out of the name and put pressure on the stock. Cathie Wood Is Trimming Her Palantir Stake Again. How Should You Play PLTR in January 2026?
• Negative Sentiment: Reputational and regulatory risk: reporting on Palantir’s ELITE tool used in real‑time ICE operations has raised ethical and political scrutiny that could pressure sentiment and attract regulatory attention. Palantir’s Tool Powering Real-Time ICE Raids: ELITE

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PLTR. Northland Securities increased their price target on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Morgan Stanley increased their price objective on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets raised their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Truist Financial assumed coverage on shares of Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price target on the stock. Finally, Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $175.88.

Palantir Technologies Stock Down 3.5%

The business’s 50-day simple moving average is $178.27 and its two-hundred day simple moving average is $171.49. The firm has a market cap of $407.47 billion, a price-to-earnings ratio of 407.06, a P/E/G ratio of 4.49 and a beta of 1.54.

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

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 15,557 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the transaction, the insider owned 415,612 shares in the company, valued at $68,156,211.88. This trade represents a 3.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the sale, the insider directly owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,023,444 shares of company stock worth $167,394,629. 9.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PLTR. Norges Bank purchased a new stake in Palantir Technologies in the 2nd quarter valued at about $3,307,457,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $2,543,888,000. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after acquiring an additional 8,168,604 shares during the period. State Street Corp raised its stake in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares during the period. Finally, Amundi lifted its holdings in shares of Palantir Technologies by 38.7% in the 3rd quarter. Amundi now owns 15,679,158 shares of the company’s stock worth $2,814,879,000 after acquiring an additional 4,373,201 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.