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

Palantir Technologies Inc. (NASDAQ:PLTR) was up 2.6% on Monday . The stock traded as high as $130.72 and last traded at $130.04. 39,395,908 shares changed hands during trading, a decline of 17% from the average session volume of 47,280,055 shares. The stock had previously closed at $126.79.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: The U.S. Small Business Administration expanded its use of Palantir software to strengthen fraud detection and enforcement tied to pandemic-era relief programs, highlighting another government use case for PLTR’s platform. SBA Expands Use of Palantir Software to Accelerate Pandemic Fraud Crackdown
• Positive Sentiment: Several pieces pointed to Palantir’s AI and enterprise software momentum, including coverage of its ontology platform and a new operating model framework with Rackspace to help regulated customers run AI in production. Palantir’s Ontology Edge Is Redefining AI Software Leadership
• Neutral Sentiment: Palantir CEO Alex Karp continued to frame AI as a massive long-term wealth creator, keeping the company in the center of the AI conversation but without a direct near-term financial impact. Palantir CEO Warns AI Could Create ‘Unimaginable Wealth’ For Tech Biggest Winners
• Neutral Sentiment: Palantir also announced the date for its second-quarter earnings release on August 3, which may be adding volatility as investors position ahead of the report. Palantir Announces Date of Second Quarter 2026 Earnings Release and Webcast
• Negative Sentiment: Bearish commentary focused on Palantir’s premium valuation, with articles noting it trades at about 64 times sales and calling out its high P/E as a reason some investors are rotating out of the stock. Palantir Trades at 64X Sales. Here’s Whether That Premium Is Justified.
• Negative Sentiment: Other coverage said PLTR fell earlier in the session as investors worried about competition from Microsoft and Amazon in AI, along with concerns that Palantir’s valuation is too rich. Why Is Palantir Stock Falling on Tuesday?

Wall Street Analyst Weigh In

A number of brokerages have commented on PLTR. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Benchmark downgraded Palantir Technologies to a “hold” rating in a research note on Tuesday, June 16th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Friday, June 5th. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.85.

Palantir Technologies Stock Up 2.8%

The stock has a market cap of $320.57 billion, a P/E ratio of 150.25, a price-to-earnings-growth ratio of 2.08 and a beta of 1.56. The business has a 50 day moving average price of $132.36 and a two-hundred day moving average price of $145.19.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (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 firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was up 84.7% on a year-over-year basis. On average, research analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the sale, the insider owned 60,226 shares in the company, valued at $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $4,550,000.00. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at $83,562,180. This trade represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,112,270 shares of company stock worth $150,247,785. Insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

Several hedge funds have recently bought and sold shares of PLTR. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth about $29,000. Morton Brown Family Wealth LLC grew its holdings in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies in the 4th quarter worth approximately $31,000. Clayton Financial Group LLC increased its stake in Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Finally, Wexford Capital LP purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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.