Palantir Technologies (NASDAQ:PLTR) Stock Price Down 2.7% – Here’s Why

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) traded down 2.7% on Thursday . The company traded as low as $174.37 and last traded at $176.86. 46,960,852 shares traded hands during trading, an increase of 3% from the average session volume of 45,433,824 shares. The stock had previously closed at $181.68.

Key Palantir Technologies News

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

• Positive Sentiment: Celebrity/influencer endorsement: Jim Cramer publicly said he still supports PLTR, which can boost retail flows and short‑term buying interest. Jim Cramer on Palantir
• Positive Sentiment: Fresh buy coverage and bullish price targets: Truist initiated coverage with a Buy/$223 target and other firms (BofA, Piper Sandler, etc.) have reiterated/raised targets, providing fundamental support and a visible analyst catalyst. Truist initiates Palantir
• Positive Sentiment: National‑security/defense momentum: Speculation that Palantir tech played a role in recent Venezuela action and talk of a larger U.S. defense budget undercuts into investor expectations for more government contracts and revenue. That narrative has driven recent retail and institutional interest. Venezuela action boosts Palantir stock
• Neutral Sentiment: Higher trading/option activity and online chatter: Search and options volume have spiked, amplifying intraday moves and making the stock more sensitive to headlines. This increases volatility but is directionally ambiguous. Options traders are all in
• Negative Sentiment: Heavy insider selling: Multiple insider sales have been disclosed recently (including director/insider filings), which can spook some investors and add selling pressure. QuiverQuant insider summary
• Negative Sentiment: Valuation and execution risk: PLTR trades at elevated multiples versus forward earnings; several analysts and commentators warn growth expectations are largely priced in, leaving the stock vulnerable to profit‑taking or any earnings/guidance miss. Upcoming Q4/2025 results (reporting early Feb) are a key catalyst. Can Palantir double again in 2026?

Analyst Ratings Changes

Several equities research analysts have commented on the stock. CICC Research boosted their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. UBS Group raised their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. HSBC boosted their price objective on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Finally, Northland Securities lifted their price target on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $174.69.

Palantir Technologies Price Performance

The firm’s 50-day moving average price is $180.03 and its 200 day moving average price is $170.12. The firm has a market capitalization of $421.54 billion, a price-to-earnings ratio of 421.11, a price-to-earnings-growth ratio of 4.52 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company earned $0.10 EPS. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the transaction, the insider owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 308,635 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the sale, the insider owned 592 shares in the company, valued at approximately $97,082.08. This trade represents a 99.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,023,444 shares of company stock worth $167,394,629 in the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PLTR. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp increased its position in Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after purchasing an additional 21,809 shares in the last quarter. Prentice Wealth Management LLC bought a new position in Palantir Technologies in the 3rd quarter valued at approximately $550,000. Watershed Private Wealth LLC boosted its position in Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after buying an additional 3,350 shares in the last quarter. Finally, State of Michigan Retirement System boosted its position 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 buying an additional 12,300 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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.