Palantir Technologies (NASDAQ:PLTR) Trading Down 5.4% - What's Next?

Key Points

• Palantir Technologies' shares fell 5.4% to $175.44, with trading volume down 38% from average levels.
• Analysts have set new price targets for Palantir, including Deutsche Bank raising its target to $160 and Citigroup adjusting theirs to $177, reflecting a generally optimistic outlook despite the current share price decline.
• Insider transactions saw significant selling, with Shyam Sankar disposing of 375,000 shares for over $56 million, indicating notable shifts in ownership among executives.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) shares fell 5.4% on Friday . The stock traded as low as $173.53 and last traded at $175.44. 53,219,854 shares were traded during mid-day trading, a decline of 38% from the average session volume of 86,380,008 shares. The stock had previously closed at $185.47.

Analysts Set New Price Targets

Several research firms have weighed in on PLTR. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Citigroup reiterated a "neutral" rating and issued a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $140.22.

Palantir Technologies Stock Down 5.4%

The company has a market capitalization of $416.20 billion, a PE ratio of 584.82, a PEG ratio of 9.95 and a beta of 2.60. The company's 50 day moving average is $170.89 and its two-hundred day moving average is $139.18.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the company posted $0.09 earnings per share. Palantir Technologies's quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of Palantir Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.20, for a total value of $56,700,000.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at $106,261,243.20. This trade represents a 34.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider directly owned 307,470 shares of the company's stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,591,085 shares of company stock worth $244,714,146. Insiders own 9.23% of the company's stock.

Institutional Investors Weigh In On Palantir Technologies

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock valued at $28,043,432,000 after buying an additional 7,194,216 shares in the last quarter. State Street Corp lifted its holdings in Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company's stock valued at $12,879,667,000 after buying an additional 6,097,629 shares in the last quarter. Norges Bank bought a new stake in Palantir Technologies during the 2nd quarter valued at about $3,307,457,000. Invesco Ltd. lifted its holdings in Palantir Technologies by 16.0% during the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company's stock valued at $2,806,182,000 after buying an additional 2,838,300 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company's stock valued at $1,650,310,000 after buying an additional 64,973 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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