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

Key Points

• Northwestern Mutual Wealth Management Co. increased its Palantir stake by 1.5% in the fourth quarter, bringing its holdings to 314,398 shares valued at about $55.9 million.
• Palantir continues to draw interest from other institutions, with hedge funds and wealth managers making small additions or new positions, while institutional ownership stands at 45.65%.
• The company recently topped earnings expectations, reporting $0.33 EPS on $1.63 billion in revenue, and analyst sentiment remains broadly positive with a Moderate Buy rating and an average price target of $192.76.

Northwestern Mutual Wealth Management Co. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,398 shares of the company's stock after acquiring an additional 4,692 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Palantir Technologies were worth $55,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PLTR. Bare Financial Services Inc grew its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after acquiring an additional 55 shares during the period. Morton Brown Family Wealth LLC grew its holdings in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after acquiring an additional 125 shares during the period. United Financial Planning Group LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth approximately $32,000. Clayton Financial Group LLC grew its holdings in shares of Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock worth $32,000 after acquiring an additional 150 shares during the period. Finally, Wexford Capital LP acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies News Roundup

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

• Positive Sentiment: Investors are bidding up PLTR after Dell’s blockbuster earnings helped validate Palantir’s AI Factory partnership, reinforcing confidence in enterprise AI spending and lifting software names broadly. PLTR Stock Alert: Why Palantir Is Getting a Boost from Dell Earnings
• Positive Sentiment: Strong demand for AI software is also supporting PLTR, with articles pointing to renewed optimism across the sector after Snowflake’s results and a broader rebound in software stocks. Palantir Stock Is Having Its Best Day in a Year. Software Looks Like a Buy Again.
• Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, adding to momentum in the shares.
• Positive Sentiment: Several pieces highlighted improving technicals, including a possible structural bottom and trend reversal, which can attract momentum and algorithmic buyers. Palantir (PLTR) Price Forecast: Structural Bottom Signals Trend Reversal
• Neutral Sentiment: Analyst-related commentary noted upside potential from current price targets and recent earnings estimate revisions, but this is more supportive than a direct stock-moving catalyst. Does Palantir Technologies (PLTR) Have the Potential to Rally 35.91% as Wall Street Analysts Expect?

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $156.54 on Friday. The business's fifty day moving average price is $141.70 and its two-hundred day moving average price is $156.13. The stock has a market cap of $375.27 billion, a PE ratio of 175.89, a price-to-earnings-growth ratio of 2.48 and a beta of 1.52. Palantir Technologies Inc. has a one year low of $118.93 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.Palantir Technologies's quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the sale, the insider owned 6,432,258 shares of the company's stock, valued at $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares of the company's stock, valued at $87,444,607.44. The trade was a 20.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 922,524 shares of company stock worth $125,501,302 in the last quarter. 9.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLTR. Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. Robert W. Baird upgraded Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price target on the stock in a report on Tuesday, February 3rd. William Blair upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating in a report on Monday, February 2nd. The Goldman Sachs Group lowered their target price on Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. Finally, Zacks Research upgraded Palantir Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $192.76.

Palantir Technologies Profile

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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