Palantir Technologies (NASDAQ:PLTR) Shares Up 4.1% – Still a Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price rose 4.1% during trading on Wednesday . The stock traded as high as $154.52 and last traded at $153.19. Approximately 59,701,754 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 52,321,004 shares. The stock had previously closed at $147.22.

More Palantir Technologies News

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.

Wall Street Analyst Weigh In

Several research firms have issued reports on PLTR. Phillip Securities assumed coverage on shares of Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 price target on the stock. Citigroup increased their price target on Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings lowered shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Finally, Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.68.

Palantir Technologies Trading Up 2.9%

The company has a fifty day moving average price of $156.11 and a 200-day moving average price of $169.02. The firm has a market capitalization of $375.88 billion, a price-to-earnings 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 earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the transaction, the insider owned 392,370 shares in the company, valued at $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 168,004 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was 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 directly owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,054,279 shares of company stock valued at $142,212,233 over the last 90 days. Company insiders own 9.23% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Redwood Family Wealth LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at about $466,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Palantir Technologies in the 4th quarter valued at about $3,433,000. Worthington Financial Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $1,354,000. Rehmann Capital Advisory Group lifted its position in shares of Palantir Technologies by 2.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 12,607 shares of the company’s stock worth $2,241,000 after purchasing an additional 291 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in shares of Palantir Technologies during the fourth quarter worth approximately $1,332,000. Institutional investors and hedge funds 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.