Palantir Technologies Inc. $PLTR Shares Sold by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. has reduced its stake in Palantir Technologies by 9.7%, owning 289,776 shares worth approximately $24.46 million after selling 31,009 shares during the 1st quarter.
• Palantir Technologies reported a quarterly revenue of $1 billion, exceeding analysts' expectations by over 6%, and posted an earnings per share (EPS) of $0.16, which is higher than the consensus estimate of $0.14.
• The stock currently has a consensus rating of "Hold" with a price target range from various analysts, including a high of $182 and a low of $45.

Northwestern Mutual Wealth Management Co. decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,776 shares of the company's stock after selling 31,009 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Palantir Technologies were worth $24,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Allegiance Financial Group Advisory Services LLC raised its position in Palantir Technologies by 3.0% in the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after acquiring an additional 84 shares in the last quarter. Sovran Advisors LLC grew its stake in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after purchasing an additional 94 shares during the last quarter. Lodestone Wealth Management LLC raised its holdings in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after purchasing an additional 97 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after purchasing an additional 98 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in Palantir Technologies by 0.5% during the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after purchasing an additional 99 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of PLTR opened at $158.74 on Monday. The business's 50-day moving average is $153.61 and its 200-day moving average is $121.98. The company has a market capitalization of $376.59 billion, a price-to-earnings ratio of 529.15, a P/E/G ratio of 8.95 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period last year, the company posted $0.09 earnings per share. The firm's quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PLTR shares. Royal Bank Of Canada increased their price objective on Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Bank of America boosted their target price on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $90.00 to $141.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and boosted their price objective for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $136.61.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 191,720 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the transaction, the insider directly owned 592 shares of the company's stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total value of $4,510,558.85. Following the sale, the insider owned 363,755 shares of the company's stock, valued at approximately $49,219,689.05. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,906,783 shares of company stock valued at $282,471,442. Insiders own 12.93% of the company's stock.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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