Palantir Technologies (NASDAQ:PLTR) Trading Down 2% – Should You Sell?

Palantir Technologies Inc. (NASDAQ:PLTR) shares were down 2% on Wednesday . The company traded as low as $129.92 and last traded at $130.63. 31,733,995 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 47,240,680 shares. The stock had previously closed at $133.25.

More Palantir Technologies News

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

• Positive Sentiment: Palantir’s partnership with Google Cloud is expanding the reach of its Foundry and AIP platforms through integrations with BigQuery, Gemini, and the Google Knowledge Catalog, which could help drive broader enterprise adoption and future revenue growth. Palantir (PLTR) Partners with Google Cloud to Integrate AIP and Foundry Platforms
• Positive Sentiment: Analyst commentary remains constructive on Palantir’s AI platform, with Wolfe Research saying the company is “too big to ignore” and highlighting the strength of its applied enterprise AI offering despite a premium valuation. Why This Analyst Says Palantir Stock Is ‘Too Big to Ignore’
• Positive Sentiment: Recent coverage also emphasized that Palantir’s AIP momentum is continuing to boost U.S. commercial growth, with rising revenue, customer additions, and larger contract wins supporting the bullish long-term thesis. Palantir’s AIP Momentum Continues to Transform U.S. Commercial Growth
• Neutral Sentiment: Several articles framed Palantir as a leading AI infrastructure and enterprise software name benefiting from rising compute demand, reinforcing the company’s role in the broader AI trade. Why Are Nasdaq Composite AI Stocks Like Palantir (NYSE:PLTR) Rising on Compute Demand?
• Negative Sentiment: Sentiment was hurt by reports of insider selling and commentary from Cathie Wood trimming her Palantir position, which can add to investor caution around the stock’s already rich valuation. Cathie Wood sells $8.7 million of tumbling AI stock
• Negative Sentiment: PLTR also slipped below a key technical support level, with traders watching whether the stock can hold recent lows after pulling back from its monthly highs. Palantir stock slips below a crucial technical price: here’s why
• Negative Sentiment: The latest FedStart-related headline was mildly negative for PLTR, as news that Oligo Security joined the compliance network coincided with the stock drifting lower, adding to the impression of near-term weakness rather than a fresh catalyst. Palantir (PLTR) Stock Dips as Oligo Security Enters FedStart Compliance Network

Analysts Set New Price Targets

A number of equities analysts have commented on PLTR shares. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. UBS Group raised shares of Palantir Technologies from a “buy” rating to a “buy” rating in a research report on Tuesday. Phillip Securities raised their target price on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Benchmark downgraded shares of Palantir Technologies to a “hold” rating in a report on Tuesday. Finally, DA Davidson decreased their price target on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Palantir Technologies Stock Performance

The firm has a market capitalization of $307.98 billion, a price-to-earnings ratio of 144.35, a PEG ratio of 2.07 and a beta of 1.53. The company has a fifty day moving average of $138.18 and a two-hundred day moving average of $152.74.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. Equities analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,481 shares of Palantir Technologies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the completion of the sale, the insider owned 60,226 shares in the company, valued at $7,757,108.80. The trade was a 2.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 927,270 shares of company stock valued at $126,197,785 in the last 90 days. 9.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Milestone Asset Management LLC grew its holdings in shares of Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after acquiring an additional 42,173 shares during the period. VCI Wealth Management LLC boosted its position in shares of Palantir Technologies by 42.3% during the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after purchasing an additional 3,621 shares in the last quarter. Vanguard Group Inc. grew its stake in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in Palantir Technologies in the fourth quarter worth $222,143,000. Finally, Jefferson Bridge Capital LLC bought a new position in Palantir Technologies in the fourth quarter worth $1,322,000. 45.65% of the stock is owned by 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.