Palantir Technologies (NASDAQ:PLTR) Shares Down 3.5% – Here’s What Happened

29 Jan 2026, 22:55 by Kim Johansen · The Markets Daily

Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) traded down 3.5% on Thursday . The stock traded as low as $147.12 and last traded at $151.86. 59,134,279 shares traded hands during trading, an increase of 51% from the average session volume of 39,076,691 shares. The stock had previously closed at $157.35.

Palantir Technologies News Roundup

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

Positive Sentiment: Partner win that signals product demand — Innodata was selected to supply annotated training data and generative‑AI support for Palantir’s rodeo event analysis, underscoring enterprise/customer adoption of Palantir’s AI platforms. Innodata shares surge on AI data contract with Palantir Technologies
Positive Sentiment: Analyst upside and backlog visibility — Several analysts argue PLTR is undervalued versus growth: Citi and others have raised targets (examples cited in press commentary) pointing to strong commercial AI traction and a $2.6B backlog that supports revenue visibility. Palantir (PLTR) Stock: Why Analysts See 42% Upside After Recent Drop
Neutral Sentiment: Earnings as a major catalyst — Palantir reports Q4 on Feb. 2; options imply a large post‑earnings swing, so results could trigger sharp moves either way. Market opinion is split: some highlight accelerating growth and margin expansion, others warn valuation leaves little room for disappointment. Palantir Technologies (PLTR) Q4 Earnings on Deck: Options Market Braces for a 10.70% Swing
Neutral Sentiment: Government contract exposure — The FT lists Palantir among firms benefiting from recent U.S. immigration enforcement spending; that can boost revenue but carries political/reputational risk. Companies reap $22bn from Trump’s immigration crackdown
Negative Sentiment: Technical breakdown increases selling risk — PLTR recently fell below its 200‑day moving average and formed a head‑and‑shoulders pattern; $150 is cited as critical support bulls must defend, increasing short‑term downside pressure. Palantir Stock’s 3-Year Safety Net Just Snapped: The $150 Line Bulls Must Defend
Negative Sentiment: Analyst warning of deep downside and insider activity — Some analysts (and coverage notes) warn PLTR could fall sharply (one note references a potential drop toward $50) and flag insider selling, which heightens risk if growth falters or guidance disappoints. This Analyst Warns Palantir Stock Could Plunge to $50. Should You Sell Shares Now?
Negative Sentiment: High valuation raises sensitivity to any miss — PLTR’s rich multiples (very high P/E, elevated PEG) leave little margin for error, making the stock more likely to trade down on anything less than stellar execution or guidance. Should Palantir Stock Be in Your Portfolio Before Q4 Earnings?

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PLTR shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Phillip Securities started coverage on shares of Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 price objective for the company. Bank of America lifted their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. CICC Research increased their target price on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Finally, DA Davidson raised their price target on Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average target price of $184.07.

Get Our Latest Research Report on PLTR

Palantir Technologies Trading Down 3.5%

The firm has a 50 day moving average price of $176.37 and a 200-day moving average price of $173.58. The firm has a market cap of $361.95 billion, a price-to-earnings ratio of 361.58, a P/E/G ratio of 4.17 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the sale, the insider directly owned 413,639 shares in the company, valued at $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 19,004 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at $100,435,312.50. The trade was a 2.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,444 shares of company stock worth $167,394,629 in the last quarter. Corporate insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Occidental Asset Management LLC raised its stake in shares of Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock worth $358,000 after acquiring an additional 53 shares in the last quarter. Gallacher Capital Management LLC increased its holdings in Palantir Technologies by 2.2% in the third quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after buying an additional 53 shares in the last quarter. Bare Financial Services Inc grew its stake in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Lionshead Wealth Management LLC boosted its stake in shares of Palantir Technologies by 0.4% in the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock worth $2,395,000 after acquiring an additional 56 shares during the last quarter. Finally, Ellenbecker Investment Group grew its stake in Palantir Technologies by 3.6% during the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock valued at $295,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Company Profile

(Get Free Report)

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.