Why Palantir Technologies (PLTR) Stock Is Down Today

Palantir Technologies (PLTR) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued post-earnings pressure as investors reassess whether Palantir’s very rich valuation can hold after signs that some forward-looking growth indicators cooled versus the prior quarter. A newly disclosed planned insider sale by Chief Technology Officer Shyam Sankar may also be adding to the negative tone, while broader AI sentiment has stayed choppy this week. ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/palantir-stock-falls-19-wall-121413791.html?utm_source=openai))

Details:

Palantir’s third-quarter update was fundamentally strong, with revenue rising to $2.31 billion, U.S. commercial revenue reaching $984 million, and net dollar retention at 165%. ([investors.palantir.com](https://investors.palantir.com/files/Palantir%20-%20Q3%202026%20Business%20Update.pdf))

Even so, investors have focused on slower contract-related momentum after total contract value growth and U.S. commercial contract growth decelerated from the prior quarter, which can matter a lot for a stock priced for sustained hypergrowth. ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/palantir-stock-falls-19-wall-121413791.html?utm_source=openai))

An SEC-linked Form 144 filing dated November 11 showed CTO Shyam Sankar planning to sell 84,680 shares, following another planned sale filing for 300,000 shares on November 10. That does not always signal trouble, but it can weigh on sentiment. ([insiderflow.app](https://insiderflow.app/ticker/PLTR/))

This could also be because traders are still de-risking expensive AI names after a volatile stretch for the sector, making Palantir more sensitive to any concerns about growth durability. ([axios.com](https://www.axios.com/newsletters/axios-pro-rata-f5104d1c-9fa6-48ac-9cf3-5e09e0c1e79f?utm_source=openai))

Sources:

Palantir Investor Relations, SEC, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PLTR Insider Trading Activity

$PLTR insiders have traded $PLTR stock on the open market 96 times in the past 6 months. Of those trades, 0 have been purchases and 96 have been sales.

Here’s a breakdown of recent trading of $PLTR stock by insiders over the last 6 months:

ALEXANDER C. KARP (See Remarks) has made 0 purchases and 15 sales selling 890,092 shares for an estimated $140,167,409.
SHYAM SANKAR (See Remarks) has made 0 purchases and 12 sales selling 385,514 shares for an estimated $52,016,419.
STEPHEN ANDREW COHEN (See Remarks) has made 0 purchases and 5 sales selling 319,934 shares for an estimated $43,524,501.
ALEXANDER D. MOORE has made 0 purchases and 32 sales selling 96,000 shares for an estimated $15,141,659.
RYAN D. TAYLOR (See Remarks) has made 0 purchases and 6 sales selling 37,662 shares for an estimated $6,295,559.
LAUREN ELAINA FRIEDMAN STAT has made 0 purchases and 7 sales selling 15,360 shares for an estimated $2,758,043.
DAVID A. GLAZER (See Remarks) has made 0 purchases and 5 sales selling 17,128 shares for an estimated $2,330,129.
JEFFREY BUCKLEY (See Remarks) has made 0 purchases and 13 sales selling 7,328 shares for an estimated $1,114,840.
ERIC H. WOERSCHING sold 1,000 shares for an estimated $205,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive PLTR Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$PLTR Hedge Fund Activity

We have seen 1,814 institutional investors add shares of $PLTR stock to their portfolio, and 1,322 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 26,412,610 shares (+117.0%) to their portfolio in Q3 2026, for an estimated $4,940,478,700
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. removed 17,699,013 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $3,310,600,381
JPMORGAN CHASE & CO added 10,962,831 shares (+37.2%) to their portfolio in Q3 2026, for an estimated $2,050,597,538
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 10,070,156 shares (+96.4%) to their portfolio in Q2 2026, for an estimated $1,174,885,100
JANE STREET GROUP, LLC removed 6,545,155 shares (-78.4%) from their portfolio in Q3 2026, for an estimated $1,224,271,242
D. E. SHAW & CO., INC. removed 6,527,346 shares (-66.7%) from their portfolio in Q2 2026, for an estimated $761,545,457
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 6,171,474 shares (+405.7%) to their portfolio in Q2 2026, for an estimated $720,025,871

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PLTR Government Contracts

We have seen $2,039,675,592 of award payments to $PLTR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

CDAO MSS TASK ORDER OFF OF CONTRACT W519TC25D0039: $637,552,404
FORSCOM TASK ORDER 1: $104,781,148
DATA PLATFORM: $83,752,925
DATA SOFTWARE SERVICES (DSS) MULTIPLE AWARD IDIQ CONTRACT DELIVERY ORDER FOR HAF DATA PLATFORM REQUIREMENTS.: $76,500,854

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$PLTR Congressional Stock Trading

Members of Congress have traded $PLTR stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $PLTR stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/17 and 1 sale worth up to $15,000 on 05/15.
SENATOR JOHN BOOZMAN purchased up to $15,000 on 05/15.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$PLTR Price Targets

Multiple analysts have issued price targets for $PLTR recently. We have seen 3 analysts offer price targets for $PLTR in the last 6 months, with a median target of $225.0.

Here are some recent targets:

Gil Luria from DA Davidson set a target price of $175.0 on 07/02/2026
Dan Ives from Wedbush set a target price of $230.0 on 06/05/2026
John McPeake from Rosenblatt set a target price of $225.0 on 06/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.