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

Key Points

• Northwestern Mutual Wealth Management increased its Palantir stake by 22% in the second quarter, purchasing 72,715 additional shares to hold 402,872 shares valued at approximately $47 million. Institutional investors collectively own 45.65% of PLTR.
• Palantir reported strong momentum, with quarterly revenue rising 92.8% year over year to $1.94 billion and earnings of $0.41 per share exceeding estimates. The company also secured an agreement to deliver eight AI-enabled TITAN systems to the U.S. Army.
• Valuation and insider selling remain key risks: the stock trades at roughly 154 times earnings, while insiders sold $116.8 million of shares over the past 90 days. Analyst views are mixed, but the consensus rating remains “Moderate Buy” with an average price target of $192.19.

Northwestern Mutual Wealth Management Co. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 402,872 shares of the company's stock after purchasing an additional 72,715 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Palantir Technologies were worth $47,003,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock valued at $22,146,030,000 after acquiring an additional 757,322 shares during the period. State Street Corp grew its stake in shares of Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company's stock valued at $18,198,990,000 after purchasing an additional 1,126,418 shares during the period. Geode Capital Management LLC increased its position in shares of Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock valued at $9,599,882,000 after purchasing an additional 805,047 shares during the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $5,149,641,000. Finally, Invesco Ltd. lifted its stake in shares of Palantir Technologies by 2.8% in the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after purchasing an additional 616,297 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies News Roundup

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.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total value of $500,280.00. Following the completion of the transaction, the director directly owned 54,107 shares in the company, valued at $8,927,655. This represents a 5.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 150,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 599,899 shares of the company's stock, valued at approximately $77,986,870. This trade represents a 20.00% decrease in their ownership of the stock. 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. Insiders sold a total of 720,166 shares of company stock valued at $116,825,178 in the last 90 days. 9.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLTR. Jefferies Financial Group restated an "underperform" rating and set a $80.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. President Capital upgraded shares of Palantir Technologies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Royal Bank Of Canada reiterated an "underperform" rating and set a $90.00 price target on shares of Palantir Technologies in a research note on Friday, July 31st. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set an "overweight" rating for the company. Finally, Argus upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $192.19.

Palantir Technologies Stock Down 3.5%

NASDAQ:PLTR opened at $179.92 on Wednesday. The business's 50-day simple moving average is $146.36 and its two-hundred day simple moving average is $142.69. The stock has a market cap of $432.36 billion, a PE ratio of 153.78, a P/E/G ratio of 2.64 and a beta of 1.62. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. The business's quarterly revenue was up 92.8% compared to the same quarter last year. Sell-side analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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