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

Posted by Brenda Bartman on May 22nd, 2026

Northwestern Mutual Wealth Management Co. reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 78.9% in the 4th quarter, Holdings Channel reports. The firm owned 65,320 shares of the company’s stock after selling 244,386 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Palantir Technologies were worth $11,611,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bare Financial Services Inc increased its holdings in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. United Financial Planning Group LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at about $32,000. Flagship Wealth Advisors LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at about $32,000. Morton Brown Family Wealth LLC boosted its position in Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Finally, Clayton Financial Group LLC boosted its position in Palantir Technologies by 500.0% in the 4th quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $137.41 on Friday. Palantir Technologies Inc. has a one year low of $118.93 and a one year high of $207.52. The company’s 50-day simple moving average is $143.17 and its 200-day simple moving average is $157.91. The stock has a market capitalization of $329.41 billion, a price-to-earnings ratio of 154.39, a PEG ratio of 2.18 and a beta of 1.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the transaction, the insider owned 43,108 shares of the company’s stock, valued at approximately $5,564,380.64. This trade represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.53% of the company’s stock.

Key Headlines Impacting Palantir Technologies

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

Positive Sentiment: Rosenblatt reaffirmed its Buy rating on Palantir and raised its price target to $225, highlighting continued confidence in the company’s long-term upside. Read More
Positive Sentiment: Several articles point to Palantir’s strong fundamentals, including record revenue growth, high margins, and a standout “Rule of 40” score, reinforcing the company’s AI platform momentum. Article Title
Positive Sentiment: Coverage around expanding customer growth and rising U.S. commercial adoption suggests Palantir’s enterprise AI demand remains strong, which supports the bull case for the stock. Article Title
Neutral Sentiment: Palantir is being mentioned in multiple “AI stock” and “best buy” comparison pieces, keeping it in the spotlight and supporting investor attention, but these articles do not add new company-specific catalysts. Article Title
Negative Sentiment: The main source of weakness is a report that Palantir is challenging the DIA over an analytics contract, which raises uncertainty around a government relationship that is important to the stock’s defense growth narrative. Article Title
Negative Sentiment: Some commentary also warns that Palantir’s valuation remains stretched and that the stock may have run ahead of fundamentals, which can weigh on sentiment during pullbacks. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PLTR shares. UBS Group upped their price objective on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $200.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Robert W. Baird raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price objective for the company in a research report on Tuesday, February 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Check Out Our Latest Analysis on PLTR

About Palantir Technologies

(Free Report)

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.