Palantir Technologies (NASDAQ:PLTR) Stock Price Up 2.9% – Should You Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price shot up 2.9% on Friday . The company traded as high as $161.45 and last traded at $157.16. 74,488,112 shares were traded during trading, an increase of 42% from the average session volume of 52,630,762 shares. The stock had previously closed at $152.67.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Court win strengthens Palantir’s IP and talent protections — newly unsealed documents show a judge barred ex-employees from using Palantir’s proprietary data and from poaching staff, reducing competitive and operational risk and helping explain the stock pop. Read More.
• Positive Sentiment: Defense/AI tailwind: escalation in the Middle East and higher Pentagon interest in military-grade AI have driven investor demand for defense tech names; analysts and sector flows are treating Palantir as a direct beneficiary. Read More.
• Positive Sentiment: Wall Street backing and upward estimate revisions—Piper Sandler reiterated an Overweight/$230 target and other firms have raised targets or earnings estimates, supporting upside expectations. Read More.
• Neutral Sentiment: Comparisons and valuation debate continue — bullish growth and AIP adoption are pitted against a very rich valuation; analysts compare Palantir to peers like CoreWeave as investors decide which AI plays to own. Read More.
• Negative Sentiment: Pentagon/Anthropic fallout could force costly rewrites — reports say Palantir may need to unwind Anthropic integrations in key defense platforms, creating potential remake costs and short-term program risk. Read More.
• Negative Sentiment: Insider selling headline — Peter Thiel’s recent share sales (~$280M) have drawn attention; analysts largely call it routine liquidity, but the headlines add near-term sentiment pressure. Read More.
• Negative Sentiment: Macro/tech weakness can cap gains — broader early-day tech selling and risk-off moves (global markets) create headwinds that could mute rallies even with company-specific positives. Read More.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and set a $230.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. UBS Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $180.00 to $150.00 in a report on Thursday, February 26th. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Citigroup boosted their price target on Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.68.

Palantir Technologies Stock Up 2.9%

The company has a fifty day simple moving average of $156.11 and a 200-day simple moving average of $169.02. The firm has a market cap of $375.88 billion, a P/E ratio of 249.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.70.

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

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 168,004 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares of the company’s stock, valued at $5,564,380.64. The trade was a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,054,279 shares of company stock worth $142,212,233 in the last 90 days. Insiders own 9.23% of the company’s stock.

Institutional Trading of Palantir Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Occidental Asset Management LLC lifted its holdings in shares of Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after acquiring an additional 53 shares during the last quarter. Gallacher Capital Management LLC raised its position in Palantir Technologies by 2.2% during the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after purchasing an additional 53 shares during the period. Bare Financial Services Inc raised its position in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares during the period. Lionshead Wealth Management LLC lifted its stake in shares of Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after purchasing an additional 56 shares during the last quarter. Finally, Ellenbecker Investment Group boosted its holdings in shares of Palantir Technologies by 3.6% in the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after purchasing an additional 57 shares during the period. 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.