Palantir Technologies (NASDAQ:PLTR) Shares Up 8.2% – Here’s What Happened

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price was up 8.2% during trading on Thursday . The company traded as high as $145.00 and last traded at $143.34. Approximately 51,196,454 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 48,072,066 shares. The stock had previously closed at $132.51.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Thomas Cavanagh Construction extended its partnership with Palantir’s Foundry platform through 2035, reinforcing the company’s ability to land long-duration commercial contracts and generate recurring enterprise revenue. Thomas Cavanagh Construction Limited Extends Strategic Partnership with Palantir Technologies Through December 31, 2035
• Positive Sentiment: Several commentary pieces argue Palantir remains a strong growth story, citing rapid revenue growth, strong commercial momentum, and cybersecurity/AI demand as reasons bulls still like the stock. Here’s Why Palantir Technologies Inc. (PLTR) is a Strong Growth Stock
• Positive Sentiment: Another bullish take says the Pentagon’s continued involvement makes Palantir harder to bet against, highlighting the company’s defense ties as a durable catalyst. Palantir Is Down 34% From Its High. The Pentagon Just Made It Harder to Bet Against It.
• Neutral Sentiment: Analyst-style articles comparing PLTR with Oracle and BILL are keeping the valuation debate front and center, but they do not add a clear near-term catalyst on their own. Palantir vs. Oracle in 2026. Which One Is the Better Buy Right Now?
• Neutral Sentiment: Some coverage continues to frame Palantir as a high-growth AI name, but the discussion is mostly general and does not point to a specific new development. Nvidia and Palantir Have a $120 Billion Warning for Wall Street That Investors Simply Can’t Ignore
• Negative Sentiment: Bearish commentary is focusing on Palantir’s elevated valuation, with one article warning that OpenAI and Anthropic may intensify competitive pressure and make it harder to justify the stock’s premium. Palantir: OpenAI And Anthropic Just Became The Biggest Problem
• Negative Sentiment: Other pieces question whether Palantir’s valuation can be justified, and insider selling reports may add to investor caution around the name. Palantir Technologies Insiders Dump Shares Worth Over $43 Million

Analyst Ratings Changes

A number of equities research analysts have commented on PLTR shares. Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research report on Tuesday, May 5th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Daiwa Securities Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Tuesday, February 10th. Finally, Mizuho cut their target price on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Palantir Technologies Stock Up 8.2%

The company has a market cap of $343.63 billion, a PE ratio of 161.06, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. The business has a 50-day simple moving average of $141.86 and a 200-day simple moving average of $156.37.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, equities research analysts predict that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 165,514 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares in the company, valued at $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the completion of the transaction, the insider owned 375,242 shares of the company’s stock, valued at approximately $51,047,921.68. This trade represents a 4.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 922,524 shares of company stock valued at $125,501,302. Corporate insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors have recently modified their holdings of the business. Bare Financial Services Inc grew its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth $29,000. United Financial Planning Group LLC acquired a new position in shares of Palantir Technologies during the third quarter worth $32,000. Morton Brown Family Wealth LLC grew its stake 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 worth $31,000 after purchasing an additional 125 shares in the last quarter. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Company Profile

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.