Palantir Technologies (NASDAQ:PLTR) Shares Down 2.8% – Time to Sell?

Palantir Technologies Inc. (NASDAQ:PLTR)’s share price fell 2.8% during mid-day trading on Friday . The stock traded as low as $188.62 and last traded at $188.71. 24,868,852 shares changed hands during trading, a decline of 68% from the average session volume of 78,092,016 shares. The stock had previously closed at $194.17.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s AIP platform is credited with triple‑digit U.S. commercial growth, helping revenue rise ~63% YoY, lifting guidance and showing a clearer path to profitability — a fundamental driver for upside. Zacks: 2 AI Defense Stocks Soar
• Positive Sentiment: Retail investor frenzy around Palantir’s AI story is a major demand engine — coverage notes the stock has delivered very large YTD gains, attracting continued retail flows. Benzinga: Palantir’s AI Story Hooks Retail Investors
• Positive Sentiment: Profiles showing multi‑hundred percent YTD returns (e.g., “$1,000 invested” pieces) reinforce momentum narratives and attract new entrant buying, supporting price levels. Finbold: Here’s How Much $1,000 Invested in Palantir Is Worth
• Neutral Sentiment: Palantir is repeatedly included in “big tech/AI” buy lists and thematic write-ups for 2026, supporting longer‑term interest but not guaranteeing near‑term price direction. Finbold: Top 3 Big Tech Stocks to Buy in 2026
• Neutral Sentiment: Sector commentary expects continued AI infrastructure spending into 2026, which helps the bull case for PLTR but leaves exposure to macro and sentiment swings. The Motley Fool: Could January Spark the Next Big Rally in AI Stocks?
• Neutral Sentiment: Coverage notes heavy retail inflows despite Wall Street’s valuation concerns — supportive for liquidity but raises the risk of sharper corrections on sentiment shifts. CNBC: Wall Street Wrote Off Palantir, Retail Investors Can’t Get Enough
• Neutral Sentiment: Reported short‑interest data appears anomalous/buggy (zeros and NaN), so short‑squeeze risk signals are unclear from that data point.
• Negative Sentiment: Billionaire Stanley Druckenmiller reportedly sold Palantir, and other analysts have flagged popular AI/momentum names as vulnerable to large drawdowns — headline sales and analyst “sell” calls amplify profit‑taking pressure. Yahoo Finance: Druckenmiller Sold Nvidia and Palantir
• Negative Sentiment: Some Wall Street pieces warn that momentum in AI stocks could be repriced sharply (analyst scenarios show large potential declines), increasing downside risk for richly‑valued names like PLTR. The Motley Fool: 2 Incredibly Popular Stocks to Sell Before They Plummet

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada increased their price objective on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Finally, Piper Sandler boosted their target price on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $172.28.

Palantir Technologies Trading Down 2.8%

The business’s fifty day simple moving average is $181.17 and its 200-day simple moving average is $167.90. The firm has a market cap of $449.78 billion, a P/E ratio of 449.32, a PEG ratio of 7.32 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 62.8% on a year-over-year basis. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shyam Sankar sold 19,004 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $100,435,312.50. This represents a 2.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 39,136 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $6,115,000.00. Following the completion of the sale, the insider owned 592 shares in the company, valued at $92,500. This represents a 98.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,008,844 shares of company stock valued at $164,750,951. 9.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $450,000. Bison Wealth LLC raised its stake in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC lifted 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 purchasing an additional 4,722 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Palantir Technologies by 0.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,258,906 shares of the company’s stock worth $106,253,000 after buying an additional 10,823 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Palantir Technologies by 15.5% in the 1st quarter. Evergreen Capital Management LLC now owns 34,692 shares of the company’s stock worth $2,928,000 after buying an additional 4,649 shares during the last quarter. 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.