Palantir Technologies (NASDAQ:PLTR) Stock Price Down 1.6% – Here’s Why

Palantir Technologies Inc. (NASDAQ:PLTR) shares fell 1.6% during trading on Monday . The stock traded as low as $167.68 and last traded at $171.25. 49,998,574 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 82,770,906 shares. The stock had previously closed at $174.01.

Analyst Ratings Changes

PLTR has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Piper Sandler lifted their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. DA Davidson increased their target price on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, November 5th. Finally, Mizuho upped their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Stock Performance

The stock has a 50 day moving average price of $180.47 and a two-hundred day moving average price of $156.90. The company has a market capitalization of $408.16 billion, a PE ratio of 407.75, a P/E/G ratio of 6.75 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Jeffrey Buckley sold 2,803 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares of the company’s stock, valued at approximately $8,000,877. This represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the completion of the transaction, the insider owned 702,786 shares in the company, valued at $112,129,506.30. This trade represents a 4.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,527,750 shares of company stock valued at $234,463,896. Insiders own 12.93% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Palantir Technologies in the 2nd quarter valued at approximately $3,307,457,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at approximately $2,543,888,000. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares during the last quarter. State Street Corp increased its position in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares during the period. Finally, Nuveen LLC acquired a new position in Palantir Technologies during the 1st quarter valued at $520,232,000. 45.65% of the stock is owned by institutional investors and hedge funds.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.