Palantir Technologies’ (PLTR) Underperform Rating Reiterated at Royal Bank Of Canada

Palantir Technologies (NASDAQ:PLTR)‘s stock had its “underperform” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued on Tuesday,Benzinga reports. They currently have a $90.00 price objective on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 33.36% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Rosenblatt Securities increased their target price on Palantir Technologies from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday. Loop Capital cut their target price on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research note on Thursday, January 22nd. Phillip Securities dropped their price objective on Palantir Technologies from $208.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Benchmark initiated coverage on Palantir Technologies in a research report on Wednesday, April 1st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.25.

Palantir Technologies Stock Down 7.5%

Shares of NASDAQ PLTR traded down $10.98 during trading on Tuesday, reaching $135.05. The company had a trading volume of 52,562,874 shares, compared to its average volume of 49,395,082. Palantir Technologies has a 12-month low of $105.32 and a 12-month high of $207.52. The stock has a market cap of $323.00 billion, a PE ratio of 214.37, a P/E/G ratio of 2.69 and a beta of 1.52. The business’s 50-day moving average is $145.27 and its 200 day moving average is $162.50.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 84.7% on a year-over-year basis. On average, analysts anticipate that Palantir Technologies will post 1.05 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In related news, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the sale, the insider owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares in the company, valued at $29,340,976.12. This trade represents a 8.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. Company insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors have recently added to or reduced their stakes in PLTR. Bare Financial Services Inc grew its holdings in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Palantir Technologies during the 4th quarter valued at approximately $29,000. Morton Brown Family Wealth LLC grew its holdings in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in Palantir Technologies during the 4th quarter valued at approximately $31,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Company beat and raised: Palantir reported Q1 revenue of $1.63B (+85% y/y), EPS above consensus and raised FY revenue guidance materially — proof of accelerating AI-driven demand that underpins the bullish case. Palantir press release
• Positive Sentiment: Strong unit economics and cash flow: metrics showed rapid margin expansion, robust operating cash flow and a very high Rule-of-40 score — data that supports durable profitability versus many AI hardware peers. QuiverQuant earnings summary
• Positive Sentiment: Wall Street bullish takes: several firms either raised targets or reiterated buys (Wedbush’s Dan Ives highlighted PLTR as a top non‑Mag‑7 AI pick with a $230 PT; Rosenblatt and Oppenheimer also showed support), which could keep upside potential alive. Ives defends Palantir
• Neutral Sentiment: Mixed analyst signals: while some firms raised targets, others trimmed ratings/targets (DA Davidson cut to neutral and trimmed its target), leaving sentiment split and contributing to increased volatility. TipRanks on analyst split
• Neutral Sentiment: Management positioning: CEO Alex Karp said the company will prioritize U.S. national‑security customers over commercial clients, which supports government revenues but creates ambiguity on commercial go‑to‑market cadence. Karp prioritizes warfighters
• Negative Sentiment: Profit‑taking and valuation pressure: despite the beat, investors sold into the rally — PLTR trades at rich multiples (very high P/E), and some market participants flagged it as an expensive AI play, weighing on the immediate reaction. CNBC Q1 coverage
• Negative Sentiment: High-profile short and insider sales: Michael Burry disclosed an outright short position, and filings/aggregated data show heavy insider selling — both amplify negative sentiment and can pressure the stock near term. Business Insider on Burry
• Negative Sentiment: Some analysts still cautious: a few strategists warned to trim/exit exposure despite the blowout quarter, pointing to overstretched valuation and the risk of the market “misreading” AI adoption timelines. Finbold sell warning

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.