Palantir Technologies (NASDAQ:PLTR) Trading 5.8% Higher – Time to Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price was up 5.8% on Monday . The company traded as high as $147.14 and last traded at $145.17. Approximately 72,169,650 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 51,745,195 shares. The stock had previously closed at $137.19.

Palantir Technologies News Summary

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

• Positive Sentiment: Geopolitical flight-to-safety into defense/AI: Rising U.S.–Iran tensions pushed traders into defense-exposed and dual-use AI names, lifting demand for PLTR as a perceived “war trade.” TipRanks: Why PLTR is Surging
• Positive Sentiment: Strong fundamentals: Palantir’s recent quarterly beat and large commercial revenue growth (double‑digit/100%+ comps reported) underpin the bull case that AI adoption is translating into higher bookings and margins. Fool: Why PLTR Jumped
• Positive Sentiment: Defense & commercial contract momentum: New/expanded government work and partnerships (examples cited include DoD-related awards and a GE Aerospace collaboration on J85 engine analytics) add revenue visibility and cross‑sell potential into commercial aviation. MarketBeat: PLTR Coverage
• Positive Sentiment: Analyst upgrades: Multiple firms have raised estimates and targets recently (UBS upgrade among them), supporting short‑term investor interest and higher consensus EPS trajectories. Yahoo/UBS: PLTR Upgrade
• Neutral Sentiment: AI thematic interest: Palantir continues to appear in thematic AI screens and institutional watchlists, which can amplify flows but also increase correlation with broader AI/tech moves. Zacks: AI Thematic Screens
• Negative Sentiment: Technical/volatility caution: Traders warn of headline-driven spikes and technical warnings (e.g., “death cross”) — PLTR has shown fast rallies followed by quick pullbacks in past conflict-driven episodes. Benzinga: Death Cross Warning
• Negative Sentiment: Valuation and insider/ownership signals: PLTR trades at a high multiple and elevated beta; recent insider selling and mixed institutional flows are additional risk factors for investors that could amplify downside on sentiment reversals. QuiverQuant: Insider & Flows

Analysts Set New Price Targets

PLTR has been the topic of several analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. CICC Research boosted their target price on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Daiwa Securities Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Tuesday, February 10th. William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, Truist Financial assumed coverage on Palantir Technologies in a research note on Tuesday, January 6th. They set a “buy” rating and a $223.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $187.96.

Palantir Technologies Price Performance

The stock has a market capitalization of $347.20 billion, a price-to-earnings ratio of 230.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.70. The stock has a 50 day moving average price of $159.67 and a 200-day moving average price of $169.71.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 168,004 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,054,279 shares of company stock worth $142,212,233 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Institutional Trading of Palantir Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares during the period. State Street Corp grew its stake in shares of Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after buying an additional 1,126,418 shares during the period. Geode Capital Management LLC increased its holdings in shares of Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after buying an additional 805,047 shares during the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $5,149,641,000. Finally, Invesco Ltd. raised its position in shares of Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after buying an additional 616,297 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

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.