Palantir Technologies (NASDAQ:PLTR) Shares Climb 1.6% – Time to Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shares were up 1.6% on Thursday. The stock traded as high as $191.80 and last traded at $190.04. Approximately 16,727,119 shares were traded during mid-day trading, a decline of 61% from the average session volume of 43,360,449 shares. The stock had previously closed at $187.05.

Palantir Technologies News Roundup

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

• Positive Sentiment: Armada partnership expands sovereign AI opportunity. Palantir named Armada its inaugural Certified Modular Data Center Partner. The companies will combine Palantir’s Sovereign AI Operating System with U.S.- and allied-manufactured modular data centers, enabling government and enterprise customers to keep AI models, data, and hardware under their control—even in air-gapped environments. The announcement drove reports of a roughly 2% advance in the stock. Palantir and Armada Partner to Accelerate Sovereign AI Infrastructure
• Positive Sentiment: Strong operating momentum continues. Coverage highlights Palantir’s best quarter in a year, its ninth consecutive earnings beat, rapid revenue growth, expanding operating margins, and rising cash generation. Bullish analysts argue that demand for the company’s AI software could support substantially higher long-term revenue and earnings. Palantir’s Growth Could Justify a Much Higher Stock Price
• Neutral Sentiment: Cash flow is improving, but per-share gains are being watched. Palantir is producing substantially more cash as revenue expands; however, investors are evaluating whether that growth is sufficient to offset stock-based compensation and dilution. Is Palantir’s Cash Flow Keeping Ahead of Share Dilution?
• Negative Sentiment: Valuation leaves little room for disappointment. Palantir trades at a very high earnings multiple relative to the broader market. Any slowdown in growth, margin expansion, or AI spending could trigger a sharp repricing. What Could Go Wrong With Palantir Stock?
• Negative Sentiment: Some prominent investors are reducing exposure. Cathie Wood’s ARK Invest reportedly trimmed roughly $4 million of Palantir shares, while Michael Burry has maintained or increased a short position citing accounting and valuation concerns. These actions may reinforce near-term caution despite strong fundamentals. Peter Thiel Says US AI Demand Is Booming, but Cathie Wood Is Trimming Palantir

Analysts Set New Price Targets

PLTR has been the subject of a number of recent research reports. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. Benchmark reissued a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Finally, Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.33.

Palantir Technologies Trading Down 0.7%

The firm has a market capitalization of $453.58 billion, a price-to-earnings ratio of 161.32, a PEG ratio of 2.67 and a beta of 1.60. The stock’s 50-day moving average is $170.80 and its 200-day moving average is $148.78.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $0.16 EPS. Palantir Technologies’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 1.28 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 492,348 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 535,027 shares of company stock valued at $92,829,340. Company insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 104,490,468 shares of the company’s stock worth $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. Invesco Ltd. grew its stake in shares of Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after buying an additional 616,297 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Palantir Technologies by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after buying an additional 180,486 shares during the last quarter. Finally, Amundi increased its position in Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company’s stock valued at $2,056,082,000 after buying an additional 1,212,653 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.