Palantir Technologies (NASDAQ:PLTR) Stock Price Down 2.1% Following Insider Selling

Palantir Technologies Inc. (NASDAQ:PLTR) shares dropped 2.1% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $164.60 and last traded at $171.70. Approximately 34,848,109 shares changed hands during trading, a decline of 16% from the average daily volume of 41,296,551 shares. The stock had previously closed at $175.40.

Specifically, Director Lauren Friedman Stat sold 1,358 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $186.29, for a total value of $252,981.82. Following the transaction, the director directly owned 45,044 shares in the company, valued at $8,391,246.76. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. KeyCorp reissued a “sector weight” rating on shares of Palantir Technologies in a research note on Wednesday. Morgan Stanley upped their price target on Palantir Technologies from $205.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $260.00 price objective on shares of Palantir Technologies in a report on Tuesday. Northland Securities set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $80.00 price objective 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 assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $214.53.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 earnings and revenue estimates, with revenue up 95.9% year over year to $2.31 billion, and raised its 2026 outlook. U.S. commercial sales also exceeded government sales for the first time, underscoring the potential to broaden its customer base. Palantir Q3 results and outlook
• Negative Sentiment: The main concern is slowing bookings: total contract value growth reportedly decelerated sharply, including in U.S. commercial business. Investors worry this could weaken the revenue pipeline and make it harder to sustain Palantir’s rapid growth. Commercial bookings slowdown
• Negative Sentiment: Palantir is also caught in a broader sell-off in AI-related software stocks. Its premium valuation may leave little room for any slowdown or disappointment, while concerns about government and defense spending add uncertainty. Contract growth warning

Palantir Technologies Stock Up 3.5%

The company has a market cap of $385.40 billion, a PE ratio of 112.15, a P/E/G ratio of 3.60 and a beta of 1.65. The stock’s 50 day moving average is $186.39 and its 200-day moving average is $153.78.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a net margin of 50.34% and a return on equity of 30.49%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business earned $0.21 earnings per share. Palantir Technologies’s quarterly revenue was up 95.9% compared to the same quarter last year. On average, analysts anticipate that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. State Street Corp grew its position in shares of 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 buying an additional 2,863,874 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Palantir Technologies by 1.0% in 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 buying an additional 180,486 shares during the last quarter. Amundi increased its stake in shares of Palantir Technologies by 7.4% in the second quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after buying an additional 1,212,653 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in Palantir Technologies in the first quarter valued at $1,574,111,000. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

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.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.