Northbridge Financial Group LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Key Points

• Northbridge Financial Group opened a new position in Palantir Technologies in the fourth quarter, buying 5,827 shares valued at about $1.0 million.
• Other large institutional investors also boosted their Palantir holdings, and the article says 45.65% of the stock is now owned by hedge funds and other institutions.
• Analysts remain generally constructive on PLTR, with a Moderate Buy consensus and a price target of $195.16, even as the stock trades below that level after recent volatility.

Northbridge Financial Group LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,827 shares of the company's stock, valued at approximately $1,036,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares during the last quarter. State Street Corp raised its holdings in shares of Palantir Technologies by 7.2% in the third quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Palantir Technologies by 5.9% in the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company's stock valued at $3,976,534,000 after purchasing an additional 1,213,529 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Palantir Technologies by 3.8% in the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company's stock valued at $3,846,957,000 after purchasing an additional 769,238 shares during the last quarter. Finally, Amundi raised its holdings in shares of Palantir Technologies by 38.7% in the third quarter. Amundi now owns 15,679,158 shares of the company's stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on PLTR. Daiwa Securities Group upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a report on Tuesday, February 10th. Mizuho lowered their target price on shares of Palantir Technologies from $195.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, April 14th. Argus raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Wednesday, May 6th. Freedom Capital raised Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group decreased their price target on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.16.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $135.26 on Wednesday. Palantir Technologies Inc. has a 52-week low of $118.93 and a 52-week high of $207.52. The company has a 50-day simple moving average of $143.83 and a 200 day simple moving average of $158.76. The company has a market capitalization of $324.26 billion, a PE ratio of 151.98, a price-to-earnings-growth ratio of 2.14 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.13 earnings per share. The firm's quarterly revenue was up 84.7% compared to the same quarter last year. As a group, analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: GraniteShares launched new autocallable ETFs tied to PLTR, adding another structured-income product that highlights investor demand and keeps Palantir in the market spotlight. GraniteShares Expands Autocallable ETF Lineup with Launch of PLTR and HOOD ETFs
• Positive Sentiment: Several recent bullish writeups argue that Palantir’s revenue growth, expanding margins, and strong cash position support the long-term investment case, with one article saying the company’s business momentum remains intact despite volatility. The Palantir Paradox — Record Numbers and a Stock That Won't Cooperate
• Positive Sentiment: Analyst-focused coverage continues to frame PLTR as a leading AI software name, which can help support sentiment even as valuations stay elevated. ORCL vs. PLTR: Which AI Stock Is the Better Buy in May, According to Analysts
• Neutral Sentiment: President Trump’s reported Palantir share purchase is generating attention and could boost visibility, but it also raises governance and conflict-of-interest questions rather than providing a direct business catalyst. Trump’s Palantir Share Purchase Puts Governance And Valuation In Focus
• Negative Sentiment: Bearish commentary is again pointing to PLTR’s rich valuation, with one article arguing the stock still looks fully valued even after recent weakness. Buy, Sell, or Hold: Palantir at $134 and NVIDIA at $220
• Negative Sentiment: Another bearish piece says AI labs such as OpenAI and Anthropic may weaken Palantir’s story over time, adding pressure to the stock’s premium multiple. Palantir Faces a Bigger Threat Than Valuation: AI Labs Like Anthropic and OpenAI Are Disrupting the PLTR Stock Story

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 327,088 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at $79,162.24. This trade represents a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 493,025 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,029,479 shares of company stock valued at $137,685,797. 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.

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