Palantir Technologies (NASDAQ:PLTR) Stock Falls 2.1% – What’s Next?

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price was down 2.1% during mid-day trading on Friday. The stock traded as low as $164.75 and last traded at $167.99. Approximately 15,061,330 shares changed hands during trading, a decline of 63% from the average daily volume of 40,741,773 shares. The stock had previously closed at $171.58.

More Palantir Technologies News

These are some of the PLTR news items that stood out recently:

• Positive Sentiment: Palantir’s Rule of 40 score reached 158% in Q3 2026, up from 81% in Q4 2024, reflecting accelerating revenue growth alongside stronger profitability. Its latest update also showed 165% net dollar retention, supporting the company’s enterprise AI growth case. Article: PLTR’s Rule of 40 Hits 158%
• Neutral Sentiment: Palantir’s AI software opportunity continues to attract attention, but comparisons with Nvidia highlight that the two AI investments may have substantially different risk and return profiles. Article: Nvidia and Palantir outcomes by 2030
• Negative Sentiment: Palantir also faces a potential competitive challenge in defense AI, as Germany’s Helsing introduced a platform designed around European sovereignty requirements and NATO interoperability. Article: Palantir faces a European defense AI rival

Analyst Ratings Changes

Several research analysts have weighed in on PLTR shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $235.00 target price on shares of Palantir Technologies in a research report on Tuesday, November 3rd. Phillip Securities lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of Palantir Technologies in a research note on Tuesday, November 3rd. Barclays increased their price objective on Palantir Technologies from $265.00 to $273.00 and gave the stock an “overweight” rating in a report on Wednesday, November 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $260.00 price objective on shares of Palantir Technologies in a research report on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.76.

Palantir Technologies Stock Down 2.1%

The company has a market cap of $403.69 billion, a price-to-earnings ratio of 117.48, a PEG ratio of 3.48 and a beta of 1.65. The business has a 50-day simple moving average of $185.08 and a two-hundred day simple moving average of $153.81.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.18 billion. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The firm’s revenue was up 95.9% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 1.36 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the transaction, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 Eric Woersching sold 1,000 shares of Palantir Technologies stock in a transaction on Friday, October 9th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the transaction, the director owned 3,465 shares in the company, valued at $710,325. This trade represents a 22.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 523,716 shares of company stock worth $92,212,379 in the last quarter. 9.53% of the stock is owned by corporate insiders.

Institutional Trading of Palantir Technologies

Hedge funds have recently added to or reduced their stakes in the business. Signature Wealth Management Partners LLC raised its holdings in Palantir Technologies by 1.0% during the third quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company’s stock worth $961,000 after buying an additional 51 shares during the last quarter. Atlatl Advisers LLC lifted its stake in shares of Palantir Technologies by 0.4% in the third quarter. Atlatl Advisers LLC now owns 13,174 shares of the company’s stock valued at $2,464,000 after buying an additional 53 shares in the last quarter. Opinicus Capital Inc. grew its holdings in shares of Palantir Technologies by 2.4% during the third quarter. Opinicus Capital Inc. now owns 2,276 shares of the company’s stock valued at $426,000 after buying an additional 53 shares during the last quarter. Demars Financial Group LLC grew its holdings in shares of Palantir Technologies by 2.7% during the third quarter. Demars Financial Group LLC now owns 2,054 shares of the company’s stock valued at $384,000 after buying an additional 54 shares during the last quarter. Finally, PFS Partners LLC grew its holdings in shares of Palantir Technologies by 28.9% during the third quarter. PFS Partners LLC now owns 250 shares of the company’s stock valued at $47,000 after buying an additional 56 shares during the last quarter. 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.