Palantir Technologies (NASDAQ:PLTR) Shares Up 3.5% – Here’s Why

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price rose 3.5% on Friday. The company traded as high as $163.97 and last traded at $160.38. Approximately 23,642,526 shares were traded during trading, a decline of 43% from the average daily volume of 41,265,824 shares. The stock had previously closed at $154.99.

Palantir Technologies News Summary

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

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. Zacks Research downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. William Blair reaffirmed an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. Morgan Stanley lifted their price target on shares of Palantir Technologies from $205.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group restated a “buy” rating and issued a $235.00 price objective on shares of Palantir Technologies in a research report on Tuesday. Finally, Rosenblatt Securities restated a “buy” rating and set a $260.00 target price on shares of Palantir Technologies in a research report on Tuesday, November 3rd. One investment 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.53.

Palantir Technologies Price Performance

The company has a market cap of $385.40 billion, a P/E ratio of 112.15, a PEG ratio of 3.36 and a beta of 1.65. The firm’s 50-day moving average is $185.88 and its two-hundred day moving average is $153.74.

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. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.36 EPS for the current year.

Insider Activity

In related news, insider Ryan D. Taylor sold 18,000 shares of Palantir Technologies stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the transaction, the insider owned 274,667 shares in the company, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last three months, insiders sold 523,716 shares of company stock worth $92,212,379. 9.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signature Wealth Management Partners LLC lifted its position in Palantir Technologies by 1.0% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company’s stock valued at $961,000 after acquiring an additional 51 shares in the last quarter. Atlatl Advisers LLC increased its holdings in Palantir Technologies by 0.4% during the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company’s stock worth $2,464,000 after purchasing an additional 53 shares in the last quarter. Opinicus Capital Inc. increased its holdings in Palantir Technologies by 2.4% during the 3rd quarter. Opinicus Capital Inc. now owns 2,276 shares of the company’s stock worth $426,000 after purchasing an additional 53 shares in the last quarter. Demars Financial Group LLC increased its holdings in Palantir Technologies by 2.7% during the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company’s stock worth $384,000 after purchasing an additional 54 shares in the last quarter. Finally, PFS Partners LLC raised its stake in shares of Palantir Technologies by 28.9% in the 3rd quarter. PFS Partners LLC now owns 250 shares of the company’s stock valued at $47,000 after purchasing an additional 56 shares during the period. Hedge funds and other 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.