Palantir Technologies (NASDAQ:PLTR) Stock Price Down 3.2% – What’s Next?

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) fell 3.2% on Tuesday . The company traded as low as $127.35 and last traded at $132.07. 38,279,257 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 48,014,102 shares. The stock had previously closed at $136.47.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir and Kirkland & Ellis launched an AI-powered platform for private equity fundraising, highlighting continued commercial adoption of Palantir’s AIP software in high-value enterprise workflows. Palantir (PLTR) and Kirkland & Ellis Launch AI-Powered Platform to Streamline Private Equity Fundraising
• Positive Sentiment: CEO Alex Karp said Anthropic runs on Palantir infrastructure and argued that enterprise customers are frustrated with frontier AI labs, reinforcing Palantir’s pitch as the enterprise-grade AI platform. Palantir (PLTR) Stock: CEO Karp Claims Anthropic Operates on Palantir Infrastructure
• Positive Sentiment: Wedbush reiterated an Outperform view on Palantir after AIPCon, suggesting some analysts still see upside from customer adoption and AI platform traction. Wedbush Gives a Thumbs Up to Palantir’s AIPCon, But I Think AIPCon 2026 Was a Dud for PLTR Stock

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PLTR. UBS Group raised their price target on Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Freedom Capital upgraded Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. DA Davidson dropped their price objective on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Palantir Technologies in a research report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies Stock Performance

The stock has a market cap of $314.24 billion, a PE ratio of 147.28, a PEG ratio of 2.10 and a beta of 1.53. The business has a 50-day moving average of $140.21 and a 200 day moving average of $154.11.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. Equities analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. The trade was a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 830 shares of Palantir Technologies stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $137.41, for a total value of $114,050.30. Following the completion of the sale, the insider owned 61,707 shares of the company’s stock, valued at $8,479,158.87. This trade represents a 1.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 925,789 shares of company stock worth $126,007,032 over the last ninety days. Insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Palantir Technologies by 1.8% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 66,750 shares of the company’s stock valued at $9,764,000 after purchasing an additional 1,167 shares in the last quarter. Wealthquest Corp acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $202,000. Parallel Advisors LLC lifted its stake in shares of Palantir Technologies by 1.3% in the 1st quarter. Parallel Advisors LLC now owns 203,398 shares of the company’s stock valued at $29,753,000 after purchasing an additional 2,573 shares in the last quarter. Foguth Wealth Management LLC. lifted its stake in shares of Palantir Technologies by 224.7% in the 1st quarter. Foguth Wealth Management LLC. now owns 4,987 shares of the company’s stock valued at $781,000 after purchasing an additional 3,451 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $607,000. 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.