Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Palantir Technologies Inc. $PLTR

Northwestern Mutual Wealth Management Co. grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.0% in the second quarter, Holdings Channel reports. The fund owned 402,872 shares of the company’s stock after buying an additional 72,715 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Palantir Technologies were worth $47,003,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Palantir Technologies during the fourth quarter valued at $5,149,641,000. Jennison Associates LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth about $1,574,111,000. Arrowstreet Capital Limited Partnership raised its position in shares of Palantir Technologies by 277.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock valued at $1,528,143,000 after buying an additional 7,678,747 shares in the last quarter. State Street Corp raised its position in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. lifted its stake in shares of Palantir Technologies by 917.4% in the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company’s stock valued at $1,170,596,000 after purchasing an additional 5,938,343 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 3.5%

PLTR opened at $179.92 on Wednesday. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The business’s fifty day simple moving average is $146.36 and its 200-day simple moving average is $142.69. The company has a market capitalization of $432.36 billion, a price-to-earnings ratio of 153.78, a PEG ratio of 2.64 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PLTR. Wedbush started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “outperform” rating for the company. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Thursday, July 30th. Phillip Securities raised their target price on shares of Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Wolfe Research started coverage on Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating on the stock. Finally, BNP Paribas Exane initiated coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an “underperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: The U.S. Army awarded Palantir’s wholly owned subsidiary a prime agreement to produce and deliver eight TITAN ground-station systems, an AI- and machine-learning-enabled platform for deep sensing and battlefield targeting. A separate report valued the broader Palantir-Anduril production award at $192 million, reinforcing Palantir’s position in modern defense procurement. Palantir to Deliver Eight TITAN Systems to the U.S. Army
• Positive Sentiment: Baird analyst William Power reiterated an Outperform rating and a $200 price target after a technology demonstration, arguing that Palantir’s ontology could provide a durable competitive advantage as basic AI models become commoditized. As AI Models Become Commoditized, Palantir Is Betting Its Ontology Is the New Moat
• Positive Sentiment: Analysts and investors continue to highlight Palantir’s commercial momentum. One forecast suggests commercial revenue could exceed government revenue before 2027, while separate coverage noted a 24% increase in customers to 1,049. The potential revenue mix shift could reduce dependence on government budgets and support faster long-term growth. Can Palantir’s Customer Surge Sustain Its AI-Driven Growth Momentum?
• Neutral Sentiment: Palantir CEO Alex Karp is reportedly backing a new Ukrainian defense-technology company led by former defense minister Mykhailo Fedorov. The investment may strengthen Palantir’s international defense relationships, but its direct financial effect on PLTR remains unclear. Ukraine’s Fedorov says Palantir CEO will be first major investor in new defence company
• Negative Sentiment: ARK Invest sold approximately $26 million of Palantir shares after the stock’s strong rally, reallocating capital to other technology and cryptocurrency-related investments. The sale may add near-term selling pressure and signals that some investors are taking profits. Cathie Wood Dumps Palantir Shares Worth $26 Million
• Negative Sentiment: Valuation remains the central risk. PLTR trades at roughly 154 times earnings after quarterly revenue surged 92.8% year over year to $1.94 billion, meaning sustained high growth and margins are likely required to justify the share price. Analysts also caution that contract concentration and government procurement timing could create volatility.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 150,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the transaction, the insider owned 599,899 shares of the company’s stock, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider owned 58,171 shares of the company’s stock, valued at approximately $10,170,035.93. This represents a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 720,166 shares of company stock worth $116,825,178. Company insiders own 9.53% of the company’s stock.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.