---
title: "Palantir Technologies (NASDAQ:PLTR) Trading Down 2.1%  - Should You Sell?"
description: "Palantir Technologies (NASDAQ:PLTR) shares fell 2.1% to $78.88, with a trading volume of 41.3 million, down 33% from average. Analysts have mixed ratings: Raymond James downgraded to \"market perform,\""
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/223120605.md"
published_at: "2024-12-23T17:55:23.000Z"
---

# Palantir Technologies (NASDAQ:PLTR) Trading Down 2.1%  - Should You Sell?

> Palantir Technologies (NASDAQ:PLTR) shares fell 2.1% to $78.88, with a trading volume of 41.3 million, down 33% from average. Analysts have mixed ratings: Raymond James downgraded to "market perform," while UBS set a "neutral" rating with an $80 target. The stock has a consensus rating of "Hold" and an average target price of $41.00. The company reported Q3 earnings of $0.10 EPS, exceeding estimates, with revenue up 30% year-over-year. Insider selling has been significant, with over 35 million shares sold in the last 90 days.

Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) dropped 2.1% on Monday . The company traded as low as $77.41 and last traded at $78.88. Approximately 41,313,232 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 61,474,996 shares. The stock had previously closed at $80.55.

Get **Palantir Technologies** alerts:

## Analyst Upgrades and Downgrades

-   MarketBeat Week in Review – 12/16 - 12/20

Several analysts have weighed in on the company. Raymond James cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. UBS Group began coverage on shares of Palantir Technologies in a research report on Thursday. They set a "neutral" rating and a $80.00 target price for the company. Jefferies Financial Group cut shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price target for the company. in a research note on Thursday, November 7th. Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Finally, William Blair reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $41.00.

**Get Our Latest Report on PLTR**

## Palantir Technologies Stock Down 0.2 %

-   Palantir’s Momentum Persists Despite Market Worries

The firm's fifty day moving average price is $59.06 and its 200-day moving average price is $40.51. The stock has a market cap of $183.15 billion, a P/E ratio of 402.02, a PEG ratio of 10.18 and a beta of 2.87.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company's revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

## Insider Buying and Selling at Palantir Technologies

-   Palantir Stock Surges After Announcing Move to the NASDAQ

In related news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the transaction, the director now owns 100,923 shares in the company, valued at $7,748,867.94. The trade was a 9.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 416,053 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $74.17, for a total transaction of $30,858,651.01. Following the completion of the sale, the insider now owns 592 shares of the company's stock, valued at $43,908.64. This trade represents a 99.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,605,711 shares of company stock valued at $1,867,088,271 in the last 90 days. Insiders own 12.93% of the company's stock.

## Institutional Investors Weigh In On Palantir Technologies

Several hedge funds have recently made changes to their positions in PLTR. Principal Financial Group Inc. lifted its position in Palantir Technologies by 226.2% during the third quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company's stock valued at $105,636,000 after buying an additional 1,969,213 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Palantir Technologies by 943.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 3,300,766 shares of the company's stock worth $122,788,000 after acquiring an additional 2,984,348 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Palantir Technologies by 26.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 214,157 shares of the company's stock valued at $8,116,000 after acquiring an additional 44,768 shares during the period. Retirement Systems of Alabama bought a new stake in Palantir Technologies during the third quarter worth about $16,372,000. Finally, Oddo BHF Asset Management Sas bought a new stake in Palantir Technologies during the third quarter worth about $631,000. 45.65% of the stock is currently owned by institutional investors.

## About Palantir Technologies

(Get Free Report)

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.

## Recommended Stories

-   Five stocks we like better than Palantir Technologies
-   How to Capture the Benefits of Dividend Increases
-   Dow Jones: A Relevant Benchmark or a Relic of the Past?
-   With Risk Tolerance, One Size Does Not Fit All
-   3 Big-Name Stocks Just Announced Big-Time Dividend Increases
-   Insider Selling Explained: Can it Inform Your Investing Choices?
-   Market Overreaction: 2 Stocks to Buy on the Way Down

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

→ 70%, 80%, 90% Win Rates? Grab Your Free Cheatsheets Today! (From WealthPress) (Ad)## Should you invest $1,000 in Palantir Technologies right now?

Before you consider Palantir Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.

While Palantir Technologies currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

### Related Stocks

- [PLTR.US - Palantir Tech](https://longbridge.com/en/quote/PLTR.US.md)
- [NDAQ.US - Nasdaq](https://longbridge.com/en/quote/NDAQ.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Palantir Landed Its Next $1 Billion Deal | Palantir Technologies has secured a $1 billion software purchase agreement with the Department of Homeland Security (DHS | [Link](https://longbridge.com/en/news/276473472.md) |
| Why 2026 Can Be a Vintage Year for Palantir Technologies (PLTR) | After a valuation increase of roughly 123% in 2025 and now trading at close to 245x forward earnings, Palantir Technolog | [Link](https://longbridge.com/en/news/271367709.md) |
| OXY-Clean: Buffett's Favourite Oil Rig Scrubs $6 Billion In Debt Off The Books | Occidental Petroleum Corp (NYSE:OXY) has significantly reduced its debt by $5.8 billion after selling its OxyChem divisi | [Link](https://longbridge.com/en/news/276372720.md) |
| IronBridge Private Wealth LLC Has $905,000 Holdings in Apple Inc. $AAPL | IronBridge Private Wealth LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 77.3% in Q3, holding 3,555 shares valued  | [Link](https://longbridge.com/en/news/276436345.md) |
| Rocket Lab Corporation $RKLB Stock Holdings Increased by Vanguard Group Inc. | Vanguard Group Inc. increased its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 5.4% in Q3, owning 41.8 million share | [Link](https://longbridge.com/en/news/276451972.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
