New York, Feb 21, 2026, 11:44 (EST) — The market is closed.
- Palantir ticked up 0.3% on Friday, ending the session at $135.24.
- Palantir landed a five-year blanket purchase agreement from the U.S. DHS that could be worth as much as $1 billion, according to a report.
- A Palantir officer filed a late Friday SEC Form 144, signaling a planned sale.
Palantir Technologies Inc (PLTR.O) closed out Friday with shares up roughly 0.3%, landing at $135.24. The move came as investors digested news of a new U.S. government buying agreement alongside a fresh filing disclosing insider sales.
Why does the setup matter? Palantir’s been scrambling to regain its footing after tumbling from last year’s highs. Investors can’t seem to agree if the company’s price tag is still outpacing its actual business. Still, Mizuho decided to bump the stock up to “outperform” this week, dubbing Palantir “in a category of one.” The shares, though, are stuck about 35% below their November top. Investopedia
Bulls have fresh ammo out of Washington, citing the contract headline. WIRED reported that the Department of Homeland Security signed a five-year blanket purchase agreement—worth up to $1 billion—with Palantir for software licenses, maintenance, and implementation across DHS divisions. “If you are interested in helping shape and deliver the next chapter of Palantir’s work across DHS, please reach out,” Palantir executive Akash Jain told employees, per WIRED. WIRED
A BPA doesn’t lock in total spending but lays out pricing and terms. According to SiliconANGLE, the DHS will channel funds through separate task orders spread across five years, not with one lump-sum contract. Palantir’s Gotham and Foundry platforms are set to serve as the backbone for the project.
Late Friday, a new filing hit: Palantir executive Ryan D. Taylor notified the SEC of a planned sale—19,988 shares, pegged around $2.7 million, according to a Form 144. This filing signals intent, not execution, so it’s not confirmation a trade went through.
Government contracts don’t always fly under the radar, particularly when open bidding gets skipped. This week, the Financial Times said the UK Ministry of Defence kept renewing Palantir deals without running a competitive process—most recently tacking on a follow-up worth £240.6 million, following a previous £75.2 million agreement.
Palantir’s grip on U.S. government business keeps tightening. Last year, the U.S. Army moved to bundle several Palantir contracts into a single enterprise deal—potentially worth as much as $10 billion spread over a decade, according to Reuters.
Palantir is pushing quicker rollouts for its commercial clients. Just this week, the company and Rackspace Technology revealed a partnership aimed at making it easier for enterprises to get up and running with Foundry and Palantir’s Artificial Intelligence Platform. According to Palantir’s Sameer Kirtane, their software is “taking completion timelines from years to days.” GlobeNewswire
The much-discussed $1 billion from DHS? That’s just the maximum, not a locked-in payout. Task orders could show up sporadically. Budgets may move around. And with immigration enforcement, the politics and reputational stakes can make procurement anything but straightforward.
Once trading picks up again, investors are expected to dig for any official documentation tied to the DHS agreement — things like contract notices, task orders, or anything clarifying timing and scope. At the same time, eyes will be on whether the stock’s recent rebound can stick, with software valuations still a moving target.
When markets reopen Monday, Feb. 23, Palantir’s next steps could depend less on deal size and more on how fast that pipeline converts into actual booked work.
