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Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report)'s stock price traded down 2.1% during mid-day trading on Wednesday. The company traded as low as $164.60 and last traded at $171.70. Approximately 34,848,109 shares were traded during mid-day trading, a decline of 16% from the average session volume of 41,296,551 shares. The stock had previously closed at $175.40.

More Palantir Technologies News

• Palantir's $2.3 Billion Quarter Puts Its Premium Valuation to the Test

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

• Positive Sentiment: Palantir reported Q3 revenue of $2.31 billion, up 96% year over year, and EPS of $0.44 versus the $0.41 consensus. U.S. commercial revenue grew 148% and exceeded U.S. government revenue for the first time. The company raised its 2026 revenue outlook to $8.5 billion, above analyst expectations. Reuters report on Palantir’s Q3 results
• Positive Sentiment: Barclays raised its price target to $273 and kept an “overweight” rating. Other firms have also lifted targets after the results, signaling confidence in Palantir’s growth prospects. Barclays rating information
• Positive Sentiment: A new partnership with footwear manufacturer Changshin will use Palantir’s Foundry and AIP platforms to connect product development and factory operations, adding a commercial use case for its AI software. Changshin and Palantir partnership
• Negative Sentiment: Bookings are a key concern: total contract value increased just 6%, sharply slower than the prior quarter, while U.S. commercial contract-value growth also cooled. Investors may be questioning whether new deals can keep pace with reported revenue growth. MarketWatch on bookings growth
• Negative Sentiment: Palantir’s premium valuation leaves little room for disappointment, and concerns about an AI bubble may intensify selling even after strong results. Midterm election results also raised worries about tighter data-center regulation and a potential reduction in the Pentagon’s proposed budget, creating uncertainty around government-related demand. The Motley Fool on election-related concerns

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PLTR shares. JPMorgan Chase & Co. assumed coverage on Palantir Technologies in a report on Thursday, October 29th. They set an "overweight" rating and a $262.00 target price on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $225.00 price target on shares of Palantir Technologies in a research report on Monday, October 26th. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday, August 11th. 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. Finally, Mizuho raised their target price on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Moderate Buy" and an average target price of $214.53.

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View Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Trading Down 2.1%

The firm has a market capitalization of $412.61 billion, a price-to-earnings ratio of 120.07, a P/E/G ratio of 3.18 and a beta of 1.65. The company's 50 day moving average is $186.86 and its 200-day moving average is $153.89.

• MarketBeat Week in Review – 10/26 - 10/30

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.18 billion. Palantir Technologies had a return on equity of 32.87% and a net margin of 50.34%. Palantir Technologies's quarterly revenue was up 95.9% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. Research analysts expect that Palantir Technologies Inc. will post 1.29 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of Palantir Technologies stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the completion of the transaction, the insider directly owned 642,786 shares of the company's stock, valued at $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 5,026 shares of the company's stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the completion of the transaction, the director owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their ownership of the stock. 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. Insiders sold 557,358 shares of company stock worth $97,408,897 in the last three months. 9.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signature Wealth Management Partners LLC grew its position in shares of Palantir Technologies by 1.0% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 5,140 shares of the company's stock valued at $961,000 after buying an additional 51 shares during the last quarter. Atlatl Advisers LLC grew its stake in shares of Palantir Technologies by 0.4% in the 3rd quarter. Atlatl Advisers LLC now owns 13,174 shares of the company's stock worth $2,464,000 after purchasing an additional 53 shares during the last quarter. Opinicus Capital Inc. raised its position in shares of Palantir Technologies by 2.4% during the third quarter. Opinicus Capital Inc. now owns 2,276 shares of the company's stock worth $426,000 after purchasing an additional 53 shares during the period. Demars Financial Group LLC lifted its position in shares of Palantir Technologies by 2.7% in the 3rd quarter. Demars Financial Group LLC now owns 2,054 shares of the company's stock valued at $384,000 after acquiring an additional 54 shares in the last quarter. Finally, PFS Partners LLC grew its stake in Palantir Technologies by 28.9% during the 3rd quarter. PFS Partners LLC now owns 250 shares of the company's stock valued at $47,000 after acquiring an additional 56 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 Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir's principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization's data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.

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