Palantir Technologies (NASDAQ:PLTR) Shares Up 2.6% – Should You Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price shot up 2.6% during mid-day trading on Monday . The stock traded as high as $163.70 and last traded at $160.65. 56,431,648 shares changed hands during trading, an increase of 16% from the average session volume of 48,589,547 shares. The stock had previously closed at $156.54.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir’s strong Q1 results, including 84.7% revenue growth and an EPS beat, continue to support the long-term bull case, and several recent articles point to improving AI infrastructure momentum and expanding commercial adoption. Palantir’s AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
• Positive Sentiment: Commercial momentum also looks solid, with Cavanagh extending its Foundry partnership through 2035 and becoming a channel partner, suggesting Palantir can keep broadening beyond government contracts. Why Palantir Technologies (PLTR) Is Up 17.4% After Cavanagh Extends Foundry And Becomes Channel Partner
• Neutral Sentiment: Some coverage remains constructive on the broader AI and defense-tech trade, but much of it is focused on whether the stock can keep rallying after a sharp run-up rather than on a new fundamental catalyst. Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors
• Negative Sentiment: Insider selling is the main near-term drag: Reuters and other reports highlighted director share sales totaling tens of millions of dollars, which has intensified concerns that management may see the stock as fully valued. Palantir’s Stock Price Drops Further as Insiders Dump More Shares
• Negative Sentiment: Valuation worries are also weighing on PLTR, with some analysts arguing the company’s premium multiple already prices in very aggressive growth assumptions. Palantir’s $369 Billion Valuation Requires Unprecedented Federal Market Share
• Negative Sentiment: UK lawmakers also criticized Palantir’s role in public-sector systems, calling it an “unacceptable point of weakness,” which adds political and contract-risk headlines around its government business. UK lawmakers call Palantir’s role public sector an unacceptable weakness

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PLTR shares. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Weiss Ratings cut shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. DA Davidson reduced their target price on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Finally, Oppenheimer initiated coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies Price Performance

The firm has a market cap of $364.80 billion, a P/E ratio of 170.98, a PEG ratio of 2.55 and a beta of 1.53. The stock has a 50 day moving average of $141.80 and a 200 day moving average of $155.65.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, research analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $80,535.68. This represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 925,789 shares of company stock valued at $126,007,032. 9.53% of the stock is currently owned by insiders.

Institutional Trading of Palantir Technologies

Institutional investors have recently modified their holdings of the company. Bare Financial Services Inc grew its stake in shares of Palantir Technologies by 54.5% in 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 during the last quarter. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $29,000. Morton Brown Family Wealth LLC grew its stake in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $31,000. Finally, United Financial Planning Group LLC bought a new stake in shares of Palantir Technologies in the third quarter worth about $32,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

About Palantir Technologies

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.