Palantir Technologies (NASDAQ:PLTR) Shares Up 3.4% – Time to Buy?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price shot up 3.4% during trading on Monday . The stock traded as high as $134.42 and last traded at $132.37. 65,195,439 shares were traded during trading, an increase of 28% from the average session volume of 50,868,879 shares. The stock had previously closed at $128.06.

Key Palantir Technologies News

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

• Positive Sentiment: Large institutional & high-profile buying: ARK Invest/Cathie Wood purchased roughly $11M of PLTR, providing tangible demand and a vote of confidence that helped lift sentiment. Cathie Wood Loads Up
• Positive Sentiment: Political and defense tailwinds: public praise from former President Trump and renewed investor focus on Palantir’s embedded role in military AI and defense contracts are being cited as catalysts for short-term buying interest. Trump Support Boost
• Positive Sentiment: Analyst and broker support amid volatility: some firms (e.g., Wedbush) are urging investors to ignore short-term Anthropic noise and emphasize Palantir’s fundamentals and defense/sovereign-infrastructure moat. That support is propping up the rally. Wedbush Bullish
• Neutral Sentiment: Earnings calendar focus: Palantir set its Q1 2026 earnings release and webcast for May 4 — a key event that will likely drive near-term volatility as investors reassess growth/valuation. Earnings Date
• Neutral Sentiment: Macro/sector context: commentators are re-evaluating AI/defense winners and losers this earnings season; broader sector flows and defense budget conversations are influencing PLTR trading but aren’t direct company-specific news. Earnings Season Context
• Negative Sentiment: Competition risk from Anthropic: high-profile investors (Michael Burry) and several articles warn that Anthropic’s rapid ARR growth (~$30B run-rate cited) could erode Palantir’s middleware moat — a headline risk that has pressured the stock. Burry on Anthropic
• Negative Sentiment: Analysis claiming Anthropic/AI is eating middleware moat and other noteable critiques are amplifying downside risk to growth expectations and margins. These narratives raise uncertainty ahead of earnings. Seeking Alpha Moat Critique
• Negative Sentiment: Valuation/target recalibration: Mizuho trimmed its price target to $185 (while remaining Outperform), and several analysts/commentaries stress PLTR’s stretched valuation and large drawdown from its highs — ongoing headwinds for buyers sensitive to P/E and momentum. Mizuho Target Cut

Wall Street Analysts Forecast Growth

Several research firms have commented on PLTR. Citigroup raised their target price on shares of Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Tuesday, February 10th. Argus upgraded shares of Palantir Technologies to a “hold” rating in a report on Monday, February 9th. Zacks Research cut shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Jefferies Financial Group set a $208.00 target price on shares of Palantir Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.32.

Palantir Technologies Price Performance

The firm has a market capitalization of $324.38 billion, a price-to-earnings ratio of 215.29, a PEG ratio of 2.62 and a beta of 1.68. The firm’s fifty day moving average is $143.21 and its 200 day moving average is $165.65.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,029,879 shares of company stock valued at $137,746,253 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies during the fourth quarter valued at approximately $450,000. Bison Wealth LLC raised its position in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC raised its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. raised its position in Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP bought a new position in Palantir Technologies during the second quarter valued at approximately $315,000. Institutional investors own 45.65% of the company’s stock.

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.