Palantir Technologies Inc PLTR stock plunged 10% on Wednesday after CEO Alex Karp adopted a new trading plan to sell nearly 10 million shares over the next six months.As if that wasn't enough, reports surfaced that the Pentagon—one of Palantir’s biggest clients—has been ordered to prepare for steep budget cuts.The sell-off began after Palantir disclosed Karp’s new trading plan in a regulatory filing. While routine for executives, the sheer volume of planned sales raised eyebrows. Karp's move follows a meteo ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Shares of the mysterious technology and defense stock retreated 6% on Thursday building on the prior session's slide of around 10%. Wednesday's drop marked Palantir's worst session since May and came after the stock had touched an all-time high earlier in the day.Investors continued to dump Palantir shares on Thursday, escalating concerns that the latest hot trade among retail investors could be fizzling out.Wednesday's initial decline came as investors keyed in on the CEO's new stock sale plan and comments ...

Palantir (NASDAQ: PLTR) saw its stock plummet 12% on February 19, following reports that CEO Alex Karp had adopted a new stock trading plan, allowing him to sell nearly 10 million shares over the next six months. The decline was further compounded by reports that the Pentagon has been ordered to prepare for an 8% annual reduction in the U.S. defense budget for the next five years, posing a significant challenge for the company, which relies heavily on government contracts.Palantir one-day stock price chart. ...

Palantir (PLTR -10.08%) has been one of the hottest stocks on Wall Street, rising nearly 600% since the start of 2024. That's an incredible return in just over a year, and it has made Palantir one of the highest-valued software stocks on the market.However, its business growth hasn't quite kept up with its stock returns, as its revenue is only up 29% in that same period. As a result, I think Adobe (ADBE -1.53%) stock could be bigger than Palantir by the end of 2025.This prediction isn't about Adobe suddenly ...

During the 2021 bull run for Palantir Technologies (NASDAQ: PLTR ), investors were screaming about how the company was overvalued in the high 30s. It's now trading at $124 after exploding during 2024.I work as an investment analyst for a mutual fund. I share the same thoroughness and precision in my daytime work as with my private work found primarily here on Seeking Alpha. My areas of expertise include the tech sector as well as the energy sector. I am not landlocked in my investment choices or companies I ...

Palantir Technologies (PLTR -10.08%) has been one of the biggest stock market winners in recent times. The software company soared more than 340% last year for the best performance in the S&P 500 -- a benchmark that it had just recently joined. This stock has scored tremendous gains thanks to the earnings performance of the company.This tech player has carved out a valuable spot in the artificial intelligence (AI) space, and this has translated into high demand for its products and significant revenue growt ...

The stock market has been on a tear over the last couple of years. The S&P 500 delivered back-to-back annual gains of over 25% during 2023 and 2024, something it has only done on one other occasion since it was established (during the dot-com internet boom in 1997 and 1998). Artificial intelligence (AI) is behind a lot of that strength, with surging gains in popular stocks like Palantir Technologies and Nvidia. But there's another lesser-known AI stock that is currently soaring with the best of them: Upsta ...

Shares of Palantir Technologies (PLTR -10.08%) fell on Wednesday. The company's stock lost 10.1% as of market close and lost as much as 12.9% earlier in the day. The drop comes as the S&P 500 (^GSPC 0.24%) gained 0.2%, and the Nasdaq Composite (^IXIC 0.07%) was flat.Palantir's stock was hit hard by news that the Trump administration intends to cut defense spending, as well as news that CEO Alex Karp was selling $1.1 billion in stock.Pentagon budget cuts are loomingThe Trump administration has ordered the Pe ...

Core Viewpoint - Palantir's stock experienced significant sell-offs due to CEO Alex Karp's plan to sell $1.2 billion in company stock and potential defense budget cuts, leading to bearish signals for investors [2][3]. Company Summary - Palantir's stock price fell by 10.1% in a single trading session, with a peak decline of 12.9% earlier in the day [1][2]. - The company's stock is still up approximately 360% over the past year despite the recent valuation retreat [3]. - Palantir's current valuation stands at about 203 times this year's expected earnings and 68 times this year's expected sales, indicating a high growth dependency [4]. Industry Summary - Reports suggest that the U.S. defense budget could face cuts of up to 8% annually over the next five years, which may negatively impact Palantir's public-sector demand [2][5]. - However, there is potential for increased demand for Palantir's software as the Department of Defense may focus on efficiency, possibly using the company's AI tools to identify spending reductions and automate tasks [5]. - Despite the risks associated with a growth-dependent valuation, the outlook for Palantir in the defense industry remains strong, with expectations of strong returns for long-term investors [6].