Palantir Technologies (NASDAQ:PLTR) Trading Down 1.6% Following Analyst Downgrade

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) traded down 1.6% during trading on Wednesday after DA Davidson lowered their price target on the stock from $180.00 to $165.00. DA Davidson currently has a neutral rating on the stock. Palantir Technologies traded as low as $131.15 and last traded at $133.6890. 54,920,505 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 49,950,156 shares. The stock had previously closed at $135.91.

Several other brokerages also recently weighed in on PLTR. Zacks Research downgraded shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Phillip Securities dropped their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Freedom Capital raised shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. Argus raised shares of Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $194.68.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at $79,162.24. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 19,988 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the completion of the transaction, the insider directly owned 219,421 shares in the company, valued at $29,340,976.12. This trade represents a 8.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,029,479 shares of company stock worth $137,685,797. Insiders own 9.53% of the company’s stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Company delivered a blockbuster Q1 (revenue +85%), beat estimates and raised FY guidance — the core reason bulls cite for upside. Palantir tops first-quarter revenue estimates
• Positive Sentiment: Operational strength: Rule?of?40, margin expansion and robust cash generation signal durable, capital?light AI/analytics economics that support long?term value. QuiverQuant Q1 earnings summary
• Positive Sentiment: Wall Street reaction is mixed but includes notable bullish calls and price?target increases (Argus upgrade, Rosenblatt/Wedbush/Oppenheimer upbeat views), giving buyers conviction at lower levels. Argus upgrades Palantir to Buy
• Neutral Sentiment: Analysts remain split — several firms hiked targets after the quarter while others warn valuation leaves little margin for error; expect continued volatility as estimates are re?priced. Top analysts remain split on PLTR
• Neutral Sentiment: Options and ETF flows show heightened interest around the earnings print — traders are positioning for big moves, which can amplify intraday swings. Barchart: Palantir’s record revenue signals strength
• Negative Sentiment: Valuation anxiety: despite the beat, investors sold into strength because multiples are very rich (P/E and P/S comparisons), leaving little room for any execution miss. That’s the primary proximate cause of the pullback. Palantir sinks despite Q1 crusher
• Negative Sentiment: High?profile short interest and public bets against PLTR (e.g., Michael Burry) add headline risk and can drive selling pressure even after strong results. Michael Burry confirms short on Palantir
• Negative Sentiment: Concentrated insider selling and a handful of cautious downgrades/revised targets (HSBC, RBC, Jefferies commentary) keep bears vocal — monitor insider activity and analyst revisions for further pressure. QuiverQuant: Opinions on Q1 earnings beat

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bare Financial Services Inc grew its position in shares of 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 buying an additional 55 shares during the last quarter. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $29,000. United Financial Planning Group LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth $32,000. Flagship Wealth Advisors LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth $32,000. Finally, Morton Brown Family Wealth LLC boosted its stake in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 1.6%

The stock has a market cap of $319.74 billion, a price-to-earnings ratio of 150.21, a PEG ratio of 2.73 and a beta of 1.52. The stock’s 50 day moving average is $145.29 and its two-hundred day moving average is $162.19.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 30.26%. Palantir Technologies’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 1.05 EPS for the current year.

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.