Palantir Technologies (NASDAQ:PLTR) Stock Price Up 7.7% – Time to Buy?

Palantir Technologies Inc. (NASDAQ:PLTR) shot up 7.7% during mid-day trading on Thursday . The company traded as high as $185.83 and last traded at $182.53. 37,869,538 shares were traded during mid-day trading, a decline of 17% from the average session volume of 45,642,965 shares. The stock had previously closed at $169.46.

Key Palantir Technologies News

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

• Positive Sentiment: Expanded PwC partnership supports commercial growth. Palantir and PwC are expanding their strategic alliance to help companies scale enterprise AI, modernize ERP systems and use AI in mergers and acquisitions. The partnership could improve Palantir’s distribution and strengthen its position with large corporate customers. PwC and Palantir Expand Strategic Alliance to Help Organizations Scale Enterprise AI
• Positive Sentiment: Defense momentum remains an important tailwind. The U.S. Army awarded Palantir a production agreement for eight TITAN battlefield-intelligence ground stations, highlighting demand for its AI-enabled defense systems. Separately, former AIG Chairman and CEO Peter Zaffino is scheduled to join Palantir as global head of financial services, potentially helping expand adoption among financial institutions. Palantir to Deliver Eight TITAN Systems to the U.S. Army
• Neutral Sentiment: Management continues to emphasize Palantir’s competitive moat. CEO Alex Karp argued that the critical AI risk is companies giving away their proprietary “alpha,” reinforcing Palantir’s sales pitch around protecting and operationalizing customer-specific knowledge. The company’s forward-deployed engineering model is also becoming influential across Silicon Valley, but the coverage is more indicative of industry positioning than a new financial catalyst. Palantir’s Alex Karp: The Real AI Leak Isn’t Data, It’s Your Alpha
• Negative Sentiment: Michael Burry renewed his bearish criticism. Burry described Palantir as an “AI FOMO” story and questioned its bargaining power, sales practices, valuation and executive spending. Such comments can increase volatility, particularly with the stock trading at a very high earnings multiple. Palantir Is Riding an AI FOMO Bubble
• Negative Sentiment: Profit-taking and competition remain risks. After a sharp August rally, institutional selling and profit-taking pressured the shares. Analysts also flagged Google’s new government-AI tools as a potential competitive threat, while machine-learning forecasts and other commentary warn that expectations may be too high. Palantir’s rapid revenue growth supports the premium, but the valuation leaves limited room for execution disappointments. What’s Bugging Palantir’s Stock?

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Palantir Technologies in a research report on Friday, July 24th. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Tuesday, August 4th. Oppenheimer downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, Needham & Company LLC set a $215.00 target price on Palantir Technologies in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Palantir Technologies Stock Performance

The stock has a 50 day simple moving average of $147.48 and a two-hundred day simple moving average of $142.97. The firm has a market cap of $438.63 billion, a PE ratio of 156.01, a price-to-earnings-growth ratio of 2.54 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company’s revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the transaction, the insider owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Friedman Stat sold 3,032 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the transaction, the director owned 54,107 shares of the company’s stock, valued at approximately $8,927,655. This trade represents a 5.31% decrease in their position. 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 720,166 shares of company stock worth $116,825,178 over the last 90 days. Company insiders own 9.53% of the company’s stock.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System raised its stake in Palantir Technologies by 11,040.0% in the 2nd quarter. California State Teachers Retirement System now owns 383,800,665 shares of the company’s stock valued at $44,778,024,000 after purchasing an additional 380,355,408 shares during the last quarter. BlackRock Inc. raised its position in shares of Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after buying an additional 757,322 shares during the last quarter. State Street Corp raised its position in shares of Palantir Technologies by 1.1% in the fourth quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after buying an additional 1,126,418 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Palantir Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock worth $9,599,882,000 after buying an additional 805,047 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $5,149,641,000. Hedge funds and other 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.