Palantir Technologies (NASDAQ:PLTR) Trading Up 3% – Should You Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price was up 3% during trading on Monday . The company traded as high as $183.38 and last traded at $183.01. 21,765,528 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 44,363,359 shares. The stock had previously closed at $177.64.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir announced alliances with Fujitsu, NVIDIA, Method Security and Nebius spanning industrial digital transformation, AI infrastructure and cybersecurity. The agreements could expand distribution and reinforce Palantir’s role in enterprise and defense AI. Palantir Technologies Unveils Alliance Push Across AI Supply Chains And Cyber Defense
• Positive Sentiment: Analysts at UBS included Palantir among their highest-conviction AI-related picks, arguing that corporate AI deployment is still in its early stages and could drive additional demand for enterprise software. Amazon Stock Could See 25% Upside, Palantir Stock Another Top AI Pick, UBS Says
• Positive Sentiment: Bullish coverage points to Palantir’s ontology-based software, accelerating revenue growth and repeated earnings beats. One outlook argues that the company could continue benefiting as governments pursue “sovereign AI” capabilities. Prediction: This Will Be Palantir’s Stock Price in a Year
• Neutral Sentiment: Palantir’s second-quarter revenue rose approximately 93% year over year to about $1.9 billion, and management’s 2026 revenue target is roughly $8.15 billion. However, the shares have not kept pace with that growth over the past year, leaving investors focused on whether the valuation now reflects the opportunity. Palantir Nearly Doubled Its Revenue. Its Stock Stood Still.
• Negative Sentiment: Short seller Michael Burry reiterated his bearish view, saying substantial gains could still be available from shorting PLTR. His comments highlight concerns that Palantir’s very high earnings multiple leaves little room for execution setbacks. Michael Burry Doubles Down On Palantir Bear Case
• Negative Sentiment: Cathie Wood’s ARK Innovation ETF sold some Palantir shares to increase its position in Archer Aviation. Although Palantir remains a major ARK holding, the sale may weigh on sentiment by reinforcing concerns about profit-taking and valuation. Cathie Wood Sold Palantir and AMD, Then Poured $3.35 Million Into Archer Aviation

Analysts Set New Price Targets

PLTR has been the subject of several recent analyst reports. Cantor Fitzgerald assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set an “overweight” rating for the company. DA Davidson increased their price target on Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Benchmark reaffirmed a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. Wolfe Research initiated coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. Finally, William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Moderate Buy” and a consensus price target of $195.33.

Palantir Technologies Stock Performance

The business has a 50 day simple moving average of $159.21 and a 200-day simple moving average of $146.25. The firm has a market cap of $439.78 billion, a price-to-earnings ratio of 156.42, a P/E/G ratio of 2.51 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. As a group, research analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the completion of the transaction, the insider directly owned 58,171 shares in the company, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider 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. Insiders have sold a total of 720,027 shares of company stock worth $116,879,340 in the last ninety days. Company insiders own 9.53% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of PLTR. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $29,000. Ballast Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies in the 4th quarter worth $31,000. Whipplewood Advisors LLC purchased a new position in Palantir Technologies in the 1st quarter worth $32,000. Finally, Prudent Man Investment Management Inc. bought a new stake in Palantir Technologies in the fourth quarter worth $35,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

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.