Palantir Technologies (NASDAQ:PLTR) Stock Price Down 7% – Should You Sell?

Palantir Technologies Inc. (NASDAQ:PLTR) fell 7% during trading on Monday . The stock traded as low as $119.20 and last traded at $119.50. 55,898,993 shares were traded during trading, an increase of 18% from the average daily volume of 47,387,898 shares. The stock had previously closed at $128.47.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Several recent pieces highlighted Palantir’s strong operating momentum, including 84.7% year-over-year revenue growth, U.S. commercial revenue up 133%, and a very high Rule of 40 score, reinforcing the bull case that the company is still growing fast despite the pullback. Article Title
• Positive Sentiment: Wall Street sentiment remains moderately optimistic, with articles noting analysts still see upside potential and some calling Palantir one of the stronger AI software names for long-term investors. Article Title
• Positive Sentiment: Coverage also emphasized that Palantir’s recent earnings beat and expanding U.S. revenue are still supporting bullish price-target discussions, with multiple analysts keeping constructive ratings on the stock. Article Title
• Neutral Sentiment: Some commentary framed the stock as a valuation debate, with bullish long-term models suggesting large future upside, while skeptics argue that much of Palantir’s growth is already reflected in the share price.
• Negative Sentiment: The main pressure point today is Reuters-reported news that France’s domestic intelligence agency DGSI will replace Palantir tools with a local rival, raising concerns about international contract risk and slowing non-U.S. government expansion. Article Title
• Negative Sentiment: Additional market commentary pointed to Palantir as an underperformer versus software peers like Palo Alto Networks and CrowdStrike, suggesting the stock is also being hurt by relative weakness and a stretched valuation. Article Title

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLTR. BNP Paribas Exane assumed coverage on shares of Palantir Technologies in a research report on Tuesday, June 16th. They set an “underperform” rating for the company. DZ Bank initiated coverage on Palantir Technologies in a report on Thursday, April 23rd. They set a “buy” rating and a $175.00 price target for the company. Citigroup upped their price objective on Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Phillip Securities raised their target price on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Finally, Royal Bank Of Canada restated an “underperform” rating and set a $90.00 target price on shares of Palantir Technologies in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Palantir Technologies Trading Down 7.0%

The firm has a market capitalization of $286.48 billion, a PE ratio of 134.27, a P/E/G ratio of 2.04 and a beta of 1.53. The company has a fifty day moving average price of $137.94 and a two-hundred day moving average price of $152.46.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The firm’s revenue was up 84.7% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 165,514 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 927,270 shares of company stock worth $126,197,785. Corporate insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

Several hedge funds have recently made changes to their positions in PLTR. Bare Financial Services Inc increased its position in Palantir Technologies by 54.5% during 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 during the period. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $29,000. United Financial Planning Group LLC purchased a new stake in shares of Palantir Technologies in the third quarter valued at approximately $32,000. Morton Brown Family Wealth LLC grew its holdings in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new position in Palantir Technologies during the fourth quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

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.