Palantir Technologies (NASDAQ:PLTR) Trading Down 2.3% – Should You Sell?

Palantir Technologies Inc. (NASDAQ:PLTR) shares traded down 2.3% during mid-day trading on Tuesday . The company traded as low as $165.50 and last traded at $167.33. 53,338,264 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 82,640,102 shares. The stock had previously closed at $171.25.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. DA Davidson lifted their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Bank of America raised their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Citigroup lifted their price target on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Five investment 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Trading Down 2.3%

The company has a fifty day moving average of $180.78 and a 200-day moving average of $157.29. The stock has a market cap of $398.82 billion, a PE ratio of 398.41, a P/E/G ratio of 6.75 and a beta of 2.63.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 81,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $154.47, for a total value of $12,512,070.00. Following the sale, the insider owned 431,169 shares of the company’s stock, valued at $66,602,675.43. This trade represents a 15.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 2,803 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total value of $440,071.00. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,527,750 shares of company stock worth $234,463,896 over the last quarter. 12.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Palantir Technologies

Large investors have recently modified their holdings of the company. Truist Financial Corp boosted its stake in shares of Palantir Technologies by 4.2% in the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after buying an additional 21,809 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after acquiring an additional 7,194,216 shares during the period. State of Michigan Retirement System lifted its holdings in Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after acquiring an additional 12,300 shares during the period. Presilium Private Wealth LLC purchased a new stake in shares of Palantir Technologies during the 2nd quarter worth $204,000. Finally, New Century Financial Group LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth $228,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

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.