Palantir Technologies (NASDAQ:PLTR) Shares Up 1% – Time to Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shares were up 1% during mid-day trading on Tuesday . The stock traded as high as $185.54 and last traded at $184.99. Approximately 21,811,908 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 44,264,582 shares. The stock had previously closed at $183.09.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: FAA deployment strengthens government-growth outlook. The Federal Aviation Administration launched its SMART AI flight-management system using Palantir technology. Rosenblatt reaffirmed a Buy rating and a $225 price target, arguing that the rollout could lead to broader agency adoption despite Palantir losing an earlier $875 million FAA contract. FAA AI rollout and Rosenblatt price target
• Positive Sentiment: Defense and international expansion are supporting demand. A $48 million U.S. Army contract, meetings focused on European expansion, and ongoing government partnerships have reinforced the defense and sovereign-AI opportunity. Defense contract and European expansion
• Positive Sentiment: UBS sees Palantir as a leading AI enabler. Following AIPCon, UBS analyst Karl Keirstead described Palantir as the “best AI enabler in the market” and projected more than 30% upside. The firm’s commercial business is reportedly growing faster than its legacy government segment, an important potential shift in its growth mix. UBS AI enabler assessment
• Positive Sentiment: Commercial use cases continue to broaden. Palantir-powered software is being piloted by Chipotle for food-safety risk management, while Surf Air Mobility signed another OperatorOS contract. These deals provide evidence of expanding enterprise and transportation applications. Chipotle Palantir pilot
• Neutral Sentiment: Momentum is strong, but valuation is elevated. Technical buy signals and a possible future Dow Jones inclusion are supporting sentiment, while analysts remain moderately bullish. However, the stock trades at a very high earnings multiple, and Wall Street’s price targets vary widely. Palantir and Dow performance
• Negative Sentiment: Bearish risks remain visible. Investor Michael Burry disclosed additional short positions in Palantir, warning that AI-related valuations may not be sustainable. Separately, political resistance could delay or limit some government opportunities, including a reported $330 million government test. Michael Burry expands Palantir short position

Analyst Ratings Changes

Several research firms have recently weighed in on PLTR. Needham & Company LLC set a $215.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 11th. Wedbush assumed coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Northland Securities set a $200.00 price target on Palantir Technologies in a research note on Tuesday, August 4th. Finally, Wolfe Research started coverage on Palantir Technologies in a report on Tuesday, August 4th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $195.33.

Palantir Technologies Price Performance

The stock has a market cap of $460.88 billion, a price-to-earnings ratio of 163.92, a P/E/G ratio of 2.62 and a beta of 1.62. The company’s fifty day simple moving average is $162.46 and its two-hundred day simple moving average is $147.00.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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, insider Alexander Karp sold 492,348 shares of the 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 completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This trade represents 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. Over the last quarter, insiders sold 720,027 shares of company stock valued at $116,879,340. Company insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds have recently bought and sold shares of the company. BCGM Wealth Management LLC raised its holdings in shares of Palantir Technologies by 2.0% during the second quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock valued at $374,000 after buying an additional 64 shares during the last quarter. JDM Financial Group LLC raised its stake in shares of Palantir Technologies by 20.9% during the second quarter. JDM Financial Group LLC now owns 388 shares of the company’s stock valued at $45,000 after purchasing an additional 67 shares in the last quarter. LifeSteps Financial Inc. raised its stake in shares of Palantir Technologies by 4.9% during the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company’s stock valued at $217,000 after purchasing an additional 69 shares in the last quarter. IFC & Insurance Marketing Inc. lifted its holdings in Palantir Technologies by 4.0% in the first quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company’s stock worth $264,000 after purchasing an additional 70 shares during the period. Finally, IMG Wealth Management Inc. lifted its holdings in Palantir Technologies by 5.5% in the second quarter. IMG Wealth Management Inc. now owns 1,341 shares of the company’s stock worth $156,000 after purchasing an additional 70 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

About Palantir Technologies

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.