- Palantir fell 7.2% to $186.03 on October 16, 2026, amid broader pressure on enterprise-software stocks and profit-taking after a significant rally.
- Investors cited a 159 P/E valuation that leaves minimal room for disappointing results ahead of the November 2 earnings report.
- Insider sales totaling roughly $97.9 million over 90 days and an ARK Invest approximately $6.3 million share sale weighed on sentiment.
- Palantir shares fell 10.99% over the past week, and hotter-than-expected U.S. inflation data raised concerns about higher interest rates for high-multiple tech stocks.
- Revenue growth reached 93% year-over-year in Q2 2026 to $1.94 billion, and management raised full-year guidance.
- Palantir trades at 59x this year's revenue guidance and carries a market cap near $483 billion.
Quotes
“valuation anxiety”
“roughly $97.9 million over 90 days”