Palantir Technologies (NASDAQ:PLTR) Stock Falls 3.1% – Here’s What Happened

Palantir Technologies Inc. (NASDAQ:PLTR) shares fell 3.1% during trading on Monday. The stock traded as low as $178.13 and last traded at $178.34. 33,731,292 shares were traded during trading, a decline of 18% from the average session volume of 41,274,344 shares. The stock had previously closed at $184.11.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir beat Q3 estimates, with revenue rising 96% year over year to $2.31 billion and earnings also topping expectations. It raised its 2026 revenue outlook to $8.5 billion and forecast Q4 revenue of $2.6 billion to $2.7 billion. U.S. commercial revenue surged 148% and exceeded U.S. government revenue for the first time. Palantir beats Q3 estimates and raises outlook
• Positive Sentiment: Barclays raised its price target to $273 and kept an Overweight rating, reflecting optimism about Palantir’s growth prospects. Barclays price target update
• Positive Sentiment: Palantir announced a partnership with footwear manufacturer Changshin to use Foundry and AIP across product development and factory operations, adding a commercial customer and use case. Changshin and Palantir partnership
• Neutral Sentiment: ARK bought Palantir shares while some ETFs also added to their holdings, signaling investor support, though these flows do not resolve concerns about fundamentals or valuation. ETF purchases of Palantir shares
• Negative Sentiment: Investors focused on slower bookings: total contract value grew 6%, versus 49% in the prior quarter, while U.S. commercial contract-value growth also decelerated. That raised questions about whether future demand will translate into new contracts as quickly as revenue growth suggests. Analysts cite bookings growth concerns
• Negative Sentiment: Palantir’s lofty valuation leaves little room for disappointment, and broader concerns about an AI-stock bubble may amplify volatility. Midterm election results also raised concern that a proposed defense budget could be reduced, potentially affecting government-related demand. Election-related concerns for Palantir

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research lowered Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research note on Monday, October 26th. Weiss Ratings raised shares of Palantir Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. JPMorgan Chase & Co. initiated coverage on shares of Palantir Technologies in a research note on Thursday, October 29th. They issued an “overweight” rating and a $262.00 price objective on the stock. Finally, Roth Capital assumed coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.53.

Palantir Technologies Stock Down 2.1%

The stock’s 50-day simple moving average is $186.86 and its two-hundred day simple moving average is $153.89. The company has a market capitalization of $412.61 billion, a price-to-earnings ratio of 156.61, a PEG ratio of 3.04 and a beta of 1.65.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share (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 for the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the firm posted $0.21 earnings per share. The company’s revenue was up 95.9% compared to the same quarter last year. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 1.33 EPS for the current year.

Insider Buying and Selling

In other news, Director Lauren Friedman Stat sold 5,026 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the sale, the director owned 46,402 shares of the company’s stock, valued at $9,233,998. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares of the company’s stock, valued at $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 557,358 shares of company stock worth $97,408,897 in the last ninety days. Company insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTR. New York Life Investment Management LLC boosted its stake in Palantir Technologies by 14.0% during the third quarter. New York Life Investment Management LLC now owns 365,072 shares of the company’s stock worth $68,287,000 after buying an additional 44,848 shares during the period. 71 West Capital Partners raised its holdings in Palantir Technologies by 4.9% in the third quarter. 71 West Capital Partners now owns 38,930 shares of the company’s stock valued at $7,282,000 after acquiring an additional 1,804 shares in the last quarter. Flynn Zito Capital Management LLC lifted its position in shares of Palantir Technologies by 7.0% during the 3rd quarter. Flynn Zito Capital Management LLC now owns 2,782 shares of the company’s stock worth $520,000 after purchasing an additional 183 shares during the last quarter. Welch & Forbes LLC boosted its holdings in Palantir Technologies by 99.5% in the third quarter. Welch & Forbes LLC now owns 3,631 shares of the company’s stock valued at $679,000 after purchasing an additional 1,811 shares in the last quarter. Finally, Nemes Rush Group LLC grew its holdings in shares of Palantir Technologies by 0.4% during the third quarter. Nemes Rush Group LLC now owns 28,315 shares of the company’s stock worth $5,296,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.