Palantir Technologies (NASDAQ:PLTR) Trading Up 4.5% – Still a Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shares shot up 4.5% during mid-day trading on Friday . The stock traded as high as $137.69 and last traded at $135.90. 62,042,888 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 49,618,789 shares. The stock had previously closed at $130.01.

Palantir Technologies News Roundup

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

• Positive Sentiment: Blowout Q4 results: Palantir reported ~ $1.4B revenue (+70% YoY), beat EPS, showed huge U.S. commercial growth and stronger margins — the core fundamental catalyst that pushed upgrades and buying interest. Analysts Boost Targets After Earnings Blowout
• Positive Sentiment: Analyst upgrades and higher targets: Multiple shops (HSBC, Deutsche Bank, Northland, others) raised ratings/targets after Q4, providing short‑term momentum and institutional interest. HSBC Upgrades PLTR to Buy
• Neutral Sentiment: Research firms raising near‑term estimates: Northland and others lifted quarterly/annual EPS and issued Outperform/price‑target notes — helpful for modeling but not unanimous buy confirmation. Northland Raises Estimates
• Neutral Sentiment: Commercial partnerships expanding reach: New Cognizant partnership to embed Palantir Foundry/AIP into healthcare and enterprise operations — supports longer‑term commercial adoption but uncertain near‑term revenue impact. Cognizant Partnership
• Neutral Sentiment: Minor insider selling disclosed (director sales) — small in dollar terms but worth monitoring for ownership trends. Insider Sale Filing
• Negative Sentiment: Valuation concerns: Despite strong growth, commentators and some sell‑side analysts warn PLTR trades at very rich multiples (high P/E, P/S), leaving the stock vulnerable to multiple compression. Valuation Concerns Weigh
• Negative Sentiment: Target trims and downgrades: A few shops pared targets or trimmed outlooks (e.g., DA Davidson), adding near‑term selling pressure despite the beat. Price Target Lowered to $180
• Negative Sentiment: Sector rotation / AI selloff: Broader tech and AI weakness has pulled high‑beta winners lower and can offset company‑specific positive news during risk‑off moves. AI Worries Slam Tech Stocks

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PLTR shares. 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 report on Tuesday, February 3rd. DA Davidson lowered their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Daiwa Securities Group upped their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Bank of America lifted 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. Finally, Royal Bank Of Canada boosted their target price on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Eleven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $191.95.

Palantir Technologies Price Performance

The firm’s 50 day moving average price is $173.84 and its 200 day moving average price is $173.25. The stock has a market capitalization of $323.91 billion, a P/E ratio of 215.72, a P/E/G ratio of 2.61 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) 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 the consensus estimate 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 was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider David A. Glazer sold 15,557 shares of the company’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 $2,551,192.43. Following the completion of the transaction, the insider owned 415,612 shares in the company, valued at $68,156,211.88. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 308,635 shares of Palantir Technologies stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,023,844 shares of company stock valued at $167,455,085. 9.23% of the stock is owned by insiders.

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Occidental Asset Management LLC lifted its holdings in Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock worth $358,000 after buying an additional 53 shares during the last quarter. Gallacher Capital Management LLC increased its holdings in shares of Palantir Technologies by 2.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after acquiring an additional 53 shares during the last quarter. Bare Financial Services Inc raised its position in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares in the last quarter. Lionshead Wealth Management LLC raised its position in shares of Palantir Technologies by 0.4% during the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock worth $2,395,000 after acquiring an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group lifted its stake in Palantir Technologies by 3.6% during the third 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 last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

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.