Palantir Technologies (NASDAQ:PLTR) Stock Bumped Down to Hold by Phillip Securities

Key Points

• Phillip Securities downgraded Palantir Technologies from “strong buy” to “hold,” although the broader analyst consensus remains “moderate buy” with an average price target of $200.54.
• Palantir shares opened at $209, near their 52-week high of $212.94, while the company trades at a lofty price-to-earnings ratio of 178.63 and has a market capitalization of approximately $502 billion.
• The company reported strong quarterly results, including $0.41 in earnings per share versus a $0.34 estimate and 92.8% year-over-year revenue growth; however, insiders sold more than $93 million of stock over the past 90 days.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) was downgraded by stock analysts at Phillip Securities from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

PLTR has been the subject of a number of other reports. Roth Capital initiated coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a "buy" rating for the company. Barclays initiated coverage on Palantir Technologies in a report on Friday. They issued an "overweight" rating and a $265.00 target price on the stock. Cantor Fitzgerald started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set an "overweight" rating for the company. Raymond James Financial raised Palantir Technologies from a "hold" rating to a "moderate buy" rating in a research report on Thursday. Finally, Rosenblatt Securities restated a "buy" rating and set a $225.00 price target on shares of Palantir Technologies in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.54.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $209.00 on Monday. Palantir Technologies has a 1 year low of $106.37 and a 1 year high of $212.94. The firm has a 50 day moving average price of $179.67 and a 200 day moving average price of $150.60. The company has a market cap of $502.24 billion, a price-to-earnings ratio of 178.63, a PEG ratio of 2.87 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Sell-side analysts predict that Palantir Technologies will post 1.31 EPS for the current year.

Insider Activity

In related news, Director Lauren Friedman Stat sold 3,032 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 35,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares of the company's stock, valued at approximately $100,081,780.20. The trade was a 5.16% decrease in their ownership of the stock. 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 have sold a total of 536,364 shares of company stock valued at $93,083,303 over the last ninety days. 9.53% of the stock is owned by company insiders.

Institutional Trading of Palantir Technologies

Several large investors have recently modified their holdings of PLTR. Taylor & Morgan Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the third quarter valued at about $267,000. Oak Grove Capital LLC acquired a new position in shares of Palantir Technologies in the third quarter worth about $465,000. jvl associates llc acquired a new position in shares of Palantir Technologies in the third quarter worth about $205,000. Friday Financial lifted its stake in shares of Palantir Technologies by 33.3% in the third quarter. Friday Financial now owns 2,192 shares of the company's stock worth $417,000 after acquiring an additional 548 shares in the last quarter. Finally, Castleview Partners LLC acquired a new position in shares of Palantir Technologies in the third quarter worth about $297,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir and Ondas announced the formation of Regna AI, a standalone company focused on secure, sovereign and mission-specialized AI models for defense and other mission-critical operations. The platform is expected to support drones, ground vehicles, unmanned vessels and surveillance systems, potentially expanding Palantir’s defense-market reach. Ondas Announces Regna AI, Powered by Palantir, to Advance Sovereign AI
• Positive Sentiment: Analyst commentary remains broadly supportive. One report said roughly 70% of Wall Street analysts now rate PLTR a Buy, citing rising earnings estimates and AI-driven growth. Other coverage remains bullish ahead of third-quarter results, while Goldman Sachs reportedly raised its 12-month price target. Palantir's Price Tag Scared Wall Street. Why More Analysts Are Bullish
• Positive Sentiment: Palantir scheduled its third-quarter 2026 earnings release for November 2 after the U.S. market close, followed by a webcast. The event gives investors a near-term catalyst to assess whether the company can sustain its previously reported 93% revenue growth and strong commercial momentum. Palantir Announces Date of Third Quarter 2026 Earnings Release and Webcast

About Palantir Technologies

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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