Palantir Technologies (NASDAQ:PLTR) Trading Down 11.6% After Analyst Downgrade

Palantir Technologies Inc. (NASDAQ:PLTR) fell 11.6% during mid-day trading on Wednesday after DA Davidson lowered their price target on the stock from $215.00 to $180.00. DA Davidson currently has a neutral rating on the stock. Palantir Technologies traded as low as $135.68 and last traded at $139.54. 111,918,500 shares were traded during mid-day trading, an increase of 137% from the average session volume of 47,318,438 shares. The stock had previously closed at $157.88.

Other equities analysts have also issued research reports about the stock. Citigroup upped their price target on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America increased their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Cantor Fitzgerald raised their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. HSBC boosted their price target on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Finally, CICC Research raised their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $191.95.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the 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 completion of the sale, the insider directly owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 359,325 shares of Palantir Technologies 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 $58,925,706.75. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $1,054,825,989.42. This trade represents a 5.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,023,444 shares of company stock worth $167,394,629. Company insiders own 12.93% of the company’s stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Blowout Q4 and aggressive FY2026 guidance — Palantir reported ~70% YoY revenue growth, huge U.S. commercial strength and raised FY26 revenue guidance (~61% growth), which re-ignited the bull case. Palantir press release
• Positive Sentiment: Analyst upgrades and higher price targets followed the print (William Blair, HSBC, Citi street-high target), supporting momentum and buy-side interest. Citi price target story
• Positive Sentiment: U.S. defense and commercial AI demand are clear growth engines — management highlighted sizable government contracts and a big jump in U.S. commercial revenue, which investors see as durable cash flow drivers. Reuters: bumper quarter
• Neutral Sentiment: CEO/CTO commentary is boosting narrative but raising headlines — management’s outspoken remarks (on AI adoption and geopolitics) keep attention on strategy and policy exposure rather than pure financials. Fortune: CEO comments
• Neutral Sentiment: Mixed analyst moves — several firms raised ratings/targets but others trimmed targets or kept neutral calls, so Wall Street views are bullish but uneven. MarketBeat: analysts reaction
• Negative Sentiment: Profit‑taking and valuation anxiety after the rally — PLTR pulled back from the post-earnings surge as traders booked gains and questioned whether extremely rich multiples are justified long-term. Benzinga: plunge explained
• Negative Sentiment: Some price-target cuts / cautious notes and hedged positioning — a few firms trimmed targets and large investors/traders have used options/puts, adding downside pressure during the pullback. TipRanks: why down today
• Negative Sentiment: Insider selling and political/contract scrutiny remain tail risks — heavy insider dispositions and ongoing debate over government business create headline risk that can amplify volatility. QuiverQuant: insider / contract data

Institutional Trading of Palantir Technologies

A number of hedge funds have recently bought and sold shares of the company. Decker Retirement Planning Inc. grew its stake in Palantir Technologies by 778.7% during the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after acquiring an additional 54,347 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after buying an additional 7,194,216 shares during the period. Prentice Wealth Management LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at $550,000. Watershed Private Wealth LLC increased its stake in shares of Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after acquiring an additional 3,350 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after acquiring an additional 12,300 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 11.6%

The business has a 50-day moving average of $175.73 and a 200-day moving average of $173.73. The stock has a market cap of $332.59 billion, a price-to-earnings ratio of 221.50, a PEG ratio of 3.72 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 25.19% and a net margin of 36.31%.The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business earned $0.14 EPS. The business’s quarterly revenue was up 70.0% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.