Palantir Technologies (NASDAQ:PLTR) Stock Jumps 3.5% – Here’s What Happened

Palantir Technologies Inc. (NASDAQ:PLTR)’s stock price was up 3.5% on Friday. The company traded as high as $163.97 and last traded at $160.38. Approximately 23,642,526 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 41,265,824 shares. The stock had previously closed at $154.99.

More Palantir Technologies News

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

• Positive Sentiment: Palantir reported third-quarter revenue of $2.31 billion, up 96% year over year, and adjusted EPS of $0.44—both above analyst expectations. It also raised its 2026 revenue outlook, while U.S. commercial revenue surged 148%, supporting the bull case for continued AI demand. Palantir’s $2.3 billion quarter and valuation
• Neutral Sentiment: Some investors and analysts remain optimistic about Palantir’s longer-term growth, and ARK Invest recently bought shares. Those positive views provide support but do not settle concerns about the stock’s valuation or near-term bookings. ARK Invest’s Palantir purchase
• Negative Sentiment: The main concern is a sharp deceleration in total contract value growth, reported at 6% versus 49% in the prior quarter. Investors are questioning whether Palantir can replenish its sales pipeline fast enough to sustain its rapid revenue growth. Analysis of contract-value growth
• Negative Sentiment: Palantir’s high valuation leaves little room for execution setbacks, and a broader retreat from AI and software stocks has added pressure. Concerns about potential defense-spending reductions may also weigh on sentiment toward its government business. Report on the AI and defense-stock sell-off

Analyst Upgrades and Downgrades

PLTR has been the topic of several research analyst reports. Phillip Securities downgraded Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Wolfe Research began coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating on the stock. Piper Sandler reiterated an “overweight” rating and issued a $235.00 price objective (up from $231.00) on shares of Palantir Technologies in a research report on Tuesday. Oppenheimer reissued an “outperform” rating and set a $235.00 target price (up from $200.00) on shares of Palantir Technologies in a research note on Thursday, October 29th. Finally, Benchmark restated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $214.53.

Palantir Technologies Trading Up 3.5%

The company has a market capitalization of $385.40 billion, a price-to-earnings ratio of 112.15, a P/E/G ratio of 3.60 and a beta of 1.65. The stock’s 50 day moving average price is $186.39 and its 200 day moving average price is $153.78.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Palantir Technologies had a return on equity of 30.49% and a net margin of 50.34%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 95.9% compared to the same quarter last year. On average, research analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, Director Eric Woersching sold 1,000 shares of Palantir Technologies stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the sale, the director owned 3,465 shares of the company’s stock, valued at approximately $710,325. The trade was a 22.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,250 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider owned 56,921 shares in the company, valued at approximately $9,920,761.09. This trade represents a 2.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 523,716 shares of company stock worth $92,212,379 in the last ninety days. Insiders own 9.53% of the company’s stock.

Institutional Trading of Palantir Technologies

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Palantir Technologies by 0.4% during the 2nd quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock worth $22,146,030,000 after purchasing an additional 757,322 shares during the last quarter. State Street Corp increased its holdings in Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after buying an additional 2,863,874 shares during the last quarter. Bank of America Corp DE increased its holdings in Palantir Technologies by 28.7% in the first quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after buying an additional 4,201,852 shares during the last quarter. Amundi increased its holdings in Palantir Technologies by 2.5% in the first quarter. Amundi now owns 16,410,400 shares of the company’s stock valued at $2,400,513,000 after buying an additional 398,093 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in Palantir Technologies in the first quarter valued at $1,574,111,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops platforms for integrating, analyzing and using data to support operational decisions. Its products are designed to help organizations work with large, complex datasets while managing access and security.

The company’s platforms include Gotham, used primarily by government and intelligence customers; Foundry, designed for commercial and other organizations; Apollo, which supports the deployment and management of software; and Artificial Intelligence Platform (AIP), which helps organizations use artificial intelligence with their data and operations.

Founded in 2003, Palantir initially focused on software for government and intelligence work and later expanded its commercial business.