Palantir Technologies (NASDAQ:PLTR) Trading Up 1% – Should You Buy?
by Mitch Edgeman · The Markets DailyPalantir Technologies Inc. (NASDAQ:PLTR – Get Free Report)’s stock price rose 1% during mid-day trading on Tuesday . The company traded as high as $185.54 and last traded at $184.99. 21,811,908 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 44,264,582 shares. The stock had previously closed at $183.09.
More Palantir Technologies News
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: AI growth and expanding partnerships support the bull case. Recent coverage highlights Palantir’s 93% year-over-year second-quarter revenue growth and expectations that its software could become critical infrastructure for governments and businesses. New alliances involving Fujitsu, NVIDIA, Method Security and Nebius could broaden its reach across manufacturing, cybersecurity and AI infrastructure. Palantir Technologies Unveils Alliance Push Across AI Supply Chains And Cyber Defense
- Positive Sentiment: Chipotle adoption provides a tangible enterprise use case. Palantir is applying its data and AI platform to help Chipotle assess food-safety risks across its 4,186 restaurants, reinforcing the company’s strategy of using operational data to deliver measurable business benefits. Chipotle has 4,186 restaurants. Palantir is helping score the risk
- Positive Sentiment: Momentum indicators are attracting traders. Coverage says PLTR is approaching the upper end of its recent range, while a “golden cross” and bullish options positioning could support a move toward prior highs. Zacks also points to earnings growth and relative price strength. Palantir Golden Cross Brings This Key Level Into Focus
- Neutral Sentiment: Analysts remain divided on fair value. Wall Street price targets span a wide range, reflecting disagreement over how long Palantir can sustain its rapid growth. Some analysts see continued upside from sovereign AI and enterprise adoption, while others view the shares as difficult to justify at current levels. Wall Street’s Palantir Price Targets Tell an Interesting Story
- Negative Sentiment: Valuation remains the primary risk. Commentary emphasizes that PLTR is expensive relative to many technology peers, with some investors arguing that faster-growing or cheaper stocks could outperform over the next five years. Michael Burry has also reiterated his short thesis, adding a bearish counterweight to the recent rally. Michael Burry doubles down on Palantir bear case
Analyst Ratings Changes
Several brokerages recently commented on PLTR. Oppenheimer cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. President Capital raised Palantir Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.50 to $133.00 in a report on Monday, June 29th. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.33.
Get Our Latest Analysis on Palantir Technologies
Palantir Technologies Stock Performance
The company’s fifty day simple moving average is $160.27 and its two-hundred day simple moving average is $146.50. The stock has a market capitalization of $444.54 billion, a P/E ratio of 158.11, a PEG ratio of 2.51 and a beta of 1.62.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. On average, research analysts predict that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.
Insider Buying and Selling at Palantir Technologies
In related news, insider Alexander C. Karp sold 492,348 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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, Director Lauren Friedman Stat sold 3,032 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the transaction, the director owned 54,107 shares in the company, valued at approximately $8,927,655. This trade represents a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 720,027 shares of company stock worth $116,879,340. 9.53% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Palantir Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Palantir Technologies during the fourth quarter valued at approximately $5,149,641,000. Jennison Associates LLC purchased a new stake in Palantir Technologies during the 1st quarter valued at about $1,574,111,000. Arrowstreet Capital Limited Partnership increased its holdings in Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after buying an additional 7,678,747 shares during the period. Cardano Risk Management B.V. raised its holdings in shares of Palantir Technologies by 917.4% during the fourth quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock worth $1,170,596,000 after purchasing an additional 5,938,343 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Palantir Technologies by 1,449.7% in the 4th quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock valued at $937,205,000 after buying an additional 4,932,364 shares during the period. Institutional investors own 45.65% of the company’s stock.
Palantir Technologies Company Profile
Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.
The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.