Palantir Technologies (NASDAQ:PLTR) Trading Down 1.3% – Time to Sell?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price fell 1.3% on Tuesday . The company traded as low as $126.37 and last traded at $128.84. 46,886,524 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 51,108,727 shares. The stock had previously closed at $130.60.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: DISA granted Palantir Impact Level 6 provisional authorization for PFCS Forward, allowing Palantir’s stack (Apollo, Gotham, Foundry, AIP) to run sensitive DoD workloads on-premises and at the edge — expands DoD TAM and supports the government revenue moat. Palantir Just Opened a New DoD Door—What Changes Now?
• Positive Sentiment: Palantir signed a large DHS software agreement (reported ~US$1B) and announced a Rackspace partnership to deploy Foundry/AIP for regulated customers — concrete commercial expansion that should accelerate adoption in regulated industries. Palantir’s DHS Deal And Rackspace Tie Up Contrast With European Pushback
• Positive Sentiment: Mizuho upgraded PLTR to Outperform, citing category‑leading growth and margin expansion — analyst upgrading can provide support if the market re‑rates AI/software names. Palantir Is in a ‘Category of One.’ Why Mizuho Says You Should Buy PLTR Stock Now.
• Neutral Sentiment: Comparisons with Snowflake and other AI/data peers highlight debate over which platform will dominate enterprise AI — useful context but not an immediate catalyst. Palantir Stock vs Snowflake: Which Stock Is the Real AI Champion of 2026?
• Neutral Sentiment: Early‑session market weakness for several large tech names is weighing on PLTR in premarket trading — technical/market flow factor rather than company‑specific news. TSLA, PLTR and SMCI Forecasts – US Tech Giants Mixed and Sluggish Early
• Negative Sentiment: Huge recent runup has reversed: several articles highlight PLTR is down ~30–38% from peaks and technically in a pullback — momentum selling and a high beta leave the stock vulnerable to further declines. Palantir Stock Drops 38%. Should You PLTR for 2026 or Stay Away?
• Negative Sentiment: Governance and legal scrutiny (analyst list removals, media/legal disputes, investor questions about insider behavior) are being flagged as reasons for short‑term selling pressure. Stock Market Today, Feb. 23: Palantir Falls as Market Pullback and Governance Questions Weigh
• Negative Sentiment: Analyst caution and valuation concerns: despite strong revenue/earnings prints and guidance, PLTR still trades at a premium multiple — several pieces warn the stock is priced for near‑perfect execution. Prediction: Here’s How Much Further Palantir Stock Could Fall

Analyst Upgrades and Downgrades

PLTR has been the subject of several recent research reports. Argus upgraded Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Bank of America lifted their target price on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Northland Securities upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Tuesday, February 3rd. Finally, Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $191.05.

Palantir Technologies Trading Down 1.3%

The business has a fifty day moving average price of $163.83 and a 200-day moving average price of $171.16. The stock has a market capitalization of $307.08 billion, a PE ratio of 204.51, a PEG ratio of 2.60 and a beta of 1.64.

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. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $185.91, for a total value of $1,673,190.00. Following the transaction, the insider directly owned 413,639 shares of the company’s stock, valued at $76,899,626.49. The trade was a 2.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $616,590.00. Following the completion of the sale, the director owned 58,687 shares of the company’s stock, valued at $10,642,887.45. The trade was a 5.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 24,800 shares of company stock worth $4,526,436. Company insiders own 12.93% of the company’s stock.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in Palantir Technologies during the 4th quarter valued at approximately $450,000. Bison Wealth LLC increased its stake in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after acquiring an additional 1,694 shares during the period. Finally, AlphaQuest LLC bought a new stake in Palantir Technologies in the second quarter valued at $50,000. Hedge funds and other institutional investors 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.