Palantir Technologies (NASDAQ:PLTR) Stock Price Down 1.8% – Here’s Why

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price dropped 1.8% during trading on Tuesday . The company traded as low as $180.70 and last traded at $180.84. Approximately 22,972,594 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 77,667,117 shares. The stock had previously closed at $184.18.

Key Palantir Technologies News

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

• Positive Sentiment: Accenture and Palantir formed the Accenture Palantir Business Group to accelerate delivery of enterprise AI and data solutions — a partnership that can expand Palantir’s commercial reach and revenue opportunity. Accenture and Palantir Technologies (PLTR) Form Accenture Palantir Business Group
• Positive Sentiment: Coverage highlighting Palantir’s 2025 shift from a niche government contractor to a core enterprise AI infrastructure provider reinforces the growth narrative and helps justify premium multiples for investors focused on AI leadership. Palantir: From Meme Stock To Market Leader In 2025
• Positive Sentiment: Palantir was one of the biggest winners in the tech-led rally of 2025 (cited among top S&P gainers), which supports momentum-driven investor interest and continued flow into AI names. 20 stocks in the S&P 500 that gained the most in 2025
• Neutral Sentiment: Analysts and research shops continue to publish bullish angle pieces (Zacks highlights growth and strategy), which may support longer-term conviction but don’t guarantee near-term upside. Here’s Why Palantir Technologies Inc. (PLTR) is a Strong Growth Stock
• Neutral Sentiment: Media coverage of CEO Alex Karp’s high-profile Aspen-area property purchase is a personal story that can draw headlines but is unlikely to change fundamentals. Palantir CEO Alex Karp nabs Aspen-area ranch for $120M
• Negative Sentiment: Valuation concerns are front and center — analysts and commentators argue Palantir’s “brilliant fundamentals” are offset by an exorbitant multiple, which creates vulnerability to profit-taking and limits near-term upside expectations. Palantir: Brilliant Fundamentals Offset By Exorbitant Valuation
• Negative Sentiment: Some Wall Street commentary and analysts warn of sharp downside in 2026 for certain AI names (including Palantir), arguing the stock’s premium could unwind if growth disappoints — a headwind for sentiment and higher-beta investors. 2 Popular AI Stocks to Sell Before They Drop 50% and 72% in 2026, According to Certain Wall Street Analysts

Analyst Ratings Changes

Several analysts have issued reports on PLTR shares. Robert W. Baird boosted their target price on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Monday. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Bank of America raised their price target on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Stock Performance

The business has a 50 day simple moving average of $181.26 and a two-hundred day simple moving average of $168.83. The firm has a market capitalization of $423.66 billion, a P/E ratio of 423.22, a price-to-earnings-growth ratio of 7.01 and a beta of 1.49.

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

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 149,872 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $105,410,476.14. This trade represents a 18.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the sale, the insider directly owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,008,844 shares of company stock worth $164,750,951. Company insiders own 9.23% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors have recently modified their holdings of PLTR. PVG Asset Management Corp bought a new stake in Palantir Technologies in the 3rd quarter worth approximately $242,000. AIA Group Ltd lifted its holdings in shares of Palantir Technologies by 5.7% in the 3rd quarter. AIA Group Ltd now owns 48,297 shares of the company’s stock worth $8,810,000 after acquiring an additional 2,606 shares during the last quarter. Strategic Investment Advisors MI lifted its holdings in shares of Palantir Technologies by 78.1% in the 3rd quarter. Strategic Investment Advisors MI now owns 3,499 shares of the company’s stock worth $638,000 after acquiring an additional 1,534 shares during the last quarter. Keel Point LLC boosted its stake in shares of Palantir Technologies by 1.4% in the 3rd quarter. Keel Point LLC now owns 17,560 shares of the company’s stock valued at $3,203,000 after purchasing an additional 250 shares in the last quarter. Finally, Mirabella Financial Services LLP grew its holdings in shares of Palantir Technologies by 123.1% during the 3rd quarter. Mirabella Financial Services LLP now owns 21,255 shares of the company’s stock valued at $3,870,000 after purchasing an additional 11,728 shares during the last quarter. 45.65% of the stock is currently owned by 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.