Palantir Technologies (NASDAQ:PLTR) Shares Down 5% – Time to Sell?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price traded down 5% on Wednesday . The company traded as low as $157.24 and last traded at $157.35. 43,692,669 shares changed hands during trading, an increase of 17% from the average session volume of 37,477,094 shares. The stock had previously closed at $165.70.

Key Palantir Technologies News

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

• Positive Sentiment: Analyst start: Phillip Securities initiated coverage with a Buy and a $208 target, citing strong AI-led growth and U.S. market strength that could support further upside. Article Title
• Positive Sentiment: Multiple previews argue Palantir is positioned to “win the AI bifurcation” trade — analysts expect Q4 results (Feb. 2) to show continued revenue strength and to validate the company’s commercial + government traction. Article Title
• Positive Sentiment: Questions about whether Q4 earnings can sustain the stock’s large run have prompted optimistic note flow (and some buy initiations) that could spark a rally if Palantir posts upside to expectations. Article Title
• Neutral Sentiment: Earnings calendar: Palantir’s Q4 report on Feb. 2 is the near-term catalyst; investors are positioning now, increasing volatility into the print. Article Title
• Neutral Sentiment: Technical/support notes: Some outlets point to a support band where buyers may step in, but forecasts and price-target dispersion keep trading choppy. Article Title
• Negative Sentiment: Bear case: RBC Capital issued a stark warning that PLTR could fall sharply (to as low as $50 in one note), and headlines citing insider selling are amplifying downside fears. That bearish analyst view is a major driver of today’s weakness. Article Title
• Negative Sentiment: Valuation & risk stories: Several investor pieces flag Palantir’s high valuation and risk of a pullback if growth slows — contributing to negative sentiment and short-term selling pressure. Article Title
• Negative Sentiment: Reputational/legal risk: Reporting on Palantir’s tools being used by ICE to track Medicaid data is raising regulatory and reputational questions that could create headline risk ahead of earnings. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $210.00 to $235.00 in a research note on Monday, January 12th. Weiss Ratings cut shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Robert W. Baird upped their price target on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $184.07.

Palantir Technologies Trading Down 5.0%

The firm has a 50-day moving average of $176.53 and a 200-day moving average of $173.69. The stock has a market capitalization of $375.03 billion, a price-to-earnings ratio of 374.65, a P/E/G ratio of 4.21 and a beta of 1.54.

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

Insider Activity

In other news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the completion of the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $100,435,312.50. The trade was a 2.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the sale, the insider owned 47,044 shares in the company, valued at $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,023,444 shares of company stock valued at $167,394,629 over the last 90 days. Company insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in PLTR. Occidental Asset Management LLC raised its holdings in Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after buying an additional 53 shares during the last quarter. Gallacher Capital Management LLC boosted its position in shares of Palantir Technologies by 2.2% during the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock worth $447,000 after purchasing an additional 53 shares in the last quarter. Bare Financial Services Inc lifted its holdings in shares of Palantir Technologies by 54.5% in the 3rd 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. Lionshead Wealth Management LLC increased its stake in Palantir Technologies by 0.4% during the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after purchasing an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group lifted its stake in shares of Palantir Technologies by 3.6% in the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock valued at $295,000 after buying an additional 57 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

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.