Palantir Technologies Inc. (NASDAQ: PLTR) stock is down more than 3% in the 30 days ending September 12. That's not a huge drop, compared to the drop of over 30% that occurred earlier this year. However, it may give some Palantir bulls some pause, as PLTR stock is dropping at a time when the broader market is hitting new all-time highs.
Not all the news is bad for Palantir. Many software companies would like one earnings report as strong as Palantir, which had a Rule of 40 score of 94% in its most recent earnings report. That speaks to the idea that Palantir is generating profitable growth.
