Palantir Technologies (NASDAQ:PLTR) Trading Down 3.5% – Here’s Why

Palantir Technologies Inc. (NASDAQ:PLTR) dropped 3.5% during mid-day trading on Friday . The stock traded as low as $145.14 and last traded at $146.59. Approximately 46,526,114 shares traded hands during trading, an increase of 18% from the average daily volume of 39,447,059 shares. The stock had previously closed at $151.86.

Palantir Technologies News Summary

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

• Positive Sentiment: Commercial traction and partnerships remain a tailwind — Palantir continues to win commercial deals and expands AIP deployments; a visible example is the Innodata data/annotation deal that supports Palantir’s AI platform and signals ongoing enterprise adoption. Innodata Selected by Palantir
• Positive Sentiment: Earnings expectations are high but supportive of the story — analysts and previews expect strong Q4 revenue growth (consensus and previews cite roughly ~60%+ YoY revenue growth and rising EPS), which could validate the AI-driven growth thesis if results beat. Zacks Q4 Preview
• Neutral Sentiment: Options and implied volatility point to a big move — the options market is pricing for a double?digit swing around earnings, meaning elevated risk/reward for short?term traders but not necessarily a directional signal. Investopedia on implied move
• Neutral Sentiment: Founder comments and media chatter (e.g., on Elon?linked corporate moves) are getting airtime but are unlikely to be material to near?term fundamentals; monitor for headlines but prioritize earnings and contract updates. Fox interview
• Negative Sentiment: Broader software/AI sector selloff is pressuring PLTR — sector weakness is amplifying outflows from richly valued AI names and contributing to today’s decline. Benzinga on software rout
• Negative Sentiment: Reputational and political risk (ICE contracts) is resurfacing — renewed headlines about government work can sap sentiment, potentially slowing federal contract momentum or triggering short?term selling. MarketBeat reality check
• Negative Sentiment: Technical damage: PLTR broke key supports (200?day MA and the $150 area) and formed bearish patterns; higher volume on the pullback suggests profit?taking and raises the odds of further near?term downside if earnings disappoint. Benzinga technicals
• Negative Sentiment: Valuation remains a double?edged sword — PLTR trades at a very high multiple (P/E elevated vs. peers), so even a good print that falls short of lofty expectations could trigger outsized selling; some analysts even flag deep downside scenarios. Analyst warning

Analyst Ratings Changes

PLTR has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Truist Financial started coverage on Palantir Technologies in a research report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price target on the stock. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $184.07.

Palantir Technologies Price Performance

The business’s 50 day simple moving average is $176.29 and its 200 day simple moving average is $173.43. The stock has a market cap of $349.39 billion, a P/E ratio of 349.03, a PEG ratio of 3.96 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at $105,410,476.14. This represents a 18.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the sale, the insider directly owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,023,444 shares of company stock worth $167,394,629 over the last quarter. Corporate insiders own 9.23% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several large investors have recently bought and sold shares of the business. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA bought a new stake in Palantir Technologies in the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in Palantir Technologies in the second quarter worth $28,000. Bare Financial Services Inc boosted its position in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new position in shares of Palantir Technologies during the second quarter worth $29,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.