Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report)’s stock price fell 1.7% during trading on Friday . The company traded as low as $125.77 and last traded at $126.79. Approximately 30,733,481 shares were traded during trading, a decline of 35% from the average daily volume of 47,376,520 shares. The stock had previously closed at $129.04.
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir’s U.S. business is still expanding rapidly, with one article highlighting 104% U.S. revenue growth as a key bullish number to watch. Palantir’s 104% U.S. Revenue Growth is the Key Number to Watch
- Positive Sentiment: Citi named PLTR one of its top three software stock picks for 2026, reinforcing Wall Street’s belief that Palantir remains a leading AI software name. Why Citi Picks PLTR, MDB, and SNOW as Its Top Three Software Stocks for 2026
- Positive Sentiment: Palantir landed a multiyear expansion with GNP Seguros, its first publicly disclosed commercial customer in Latin America, and finalized a deployment framework with Rackspace for regulated and sovereign environments. Palantir (PLTR) Lands First Latin America Commercial Customer With GNP And Rackspace
- Positive Sentiment: Multiple pieces note that Palantir continues to benefit from strong AI demand, a widening moat, and expectations for another strong earnings report. What to Expect From Palantir’s Q2 2026 Earnings Report
- Neutral Sentiment: Several articles framed PLTR as an expensive but high-quality AI stock, suggesting investors are focused less on the business itself and more on whether the valuation can support further upside. Palantir Stock Is Down 36% From Its All-Time High. Time to Buy?
- Negative Sentiment: One research note argued the recent bounce is not a buying opportunity, warning that Palantir’s valuation remains “nosebleed” territory compared with larger tech rivals. Palantir’s Stock Has Bounced 23% Off Its Low— One Research Firm Says That’s the Trap: ‘We Still Won’t Buy It’
- Negative Sentiment: Another article pointed out that PLTR remains far below its peak, with investors questioning whether the strong growth is enough to justify the current price. Can Palantir Stock Reach $200 in 2026?
Wall Street Analysts Forecast Growth
PLTR has been the subject of a number of recent research reports. Weiss Ratings downgraded Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Wolfe Research upgraded Palantir Technologies from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Oppenheimer assumed coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an “outperform” rating and a $200.00 price target for the company. Cantor Fitzgerald restated a “neutral” rating and set a $138.00 price objective on shares of Palantir Technologies in a research report on Friday, May 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and an average target price of $190.85.
Palantir Technologies Stock Down 1.7%
The stock’s 50-day simple moving average is $132.58 and its 200 day simple moving average is $146.40. The firm has a market cap of $303.95 billion, a P/E ratio of 142.46, a PEG ratio of 2.03 and a beta of 1.56.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion during 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 business’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Palantir Technologies news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $160.00, for a total value of $255,680.00. Following the transaction, the director owned 55,022 shares in the company, valued at $8,803,520. The trade was a 2.82% 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. Insiders sold a total of 1,112,270 shares of company stock valued at $150,247,785 in the last 90 days. Company insiders own 9.53% of the company’s stock.
Institutional Investors Weigh In On Palantir Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Basepoint Wealth LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $29,000. Ballast Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $29,000. Morton Brown Family Wealth LLC increased its holdings in shares of Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth approximately $31,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Palantir Technologies during the third quarter worth approximately $32,000. 45.65% of the stock is owned by institutional investors.
About Palantir Technologies
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.
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