The Manufacturers Life Insurance Company Has $220.55 Million Position in Palantir Technologies Inc. $PLTR

The Manufacturers Life Insurance Company lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,507,844 shares of the company’s stock after selling 13,167 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Palantir Technologies worth $220,548,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 0.7% during the 4th 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 in the last quarter. State Street Corp raised its stake in shares of Palantir Technologies by 1.1% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Palantir Technologies by 1.5% in the fourth 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 in the last quarter. Norges Bank bought a new position in Palantir Technologies in the fourth quarter worth $5,149,641,000. Finally, Invesco Ltd. boosted its stake in Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after buying an additional 616,297 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $131.53 on Tuesday. The stock has a market cap of $315.32 billion, a price-to-earnings ratio of 147.79, a P/E/G ratio of 1.96 and a beta of 1.56. The company has a 50 day moving average of $131.48 and a 200-day moving average of $141.99. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating 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 analyst estimates of $1.54 billion. During the same period in the prior year, the business posted $0.13 earnings per share. Palantir Technologies’s revenue was up 84.7% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 1.17 earnings per share for the current year.

Key Stories Impacting Palantir Technologies

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

• Positive Sentiment: Oppenheimer maintained its bullish outlook, reiterating an Outperform rating and a $200 price target. The firm expects Palantir to deliver a solid second-quarter earnings beat and potentially raise its outlook, with revenue growth of roughly 85% supporting the case. Oppenheimer Lays Out Expectations for Palantir Stock Ahead of August 3 Earnings
• Positive Sentiment: Strong operating momentum is attracting buyers ahead of the August 3 earnings release. Recent results showed revenue growth above 80%, while analysts and bullish commentators believe commercial adoption of Palantir’s AI platform could support another meaningful beat. Several published price targets remain well above the current trading level, including Oppenheimer’s $200 target. Palantir Stock Surges as Oppenheimer Predicts Strong Q2 Earnings Beat
• Positive Sentiment: Palantir’s AI infrastructure and software positioning remains a long-term catalyst. Commentary contrasting Palantir with hardware-focused technology companies suggests that continued spending on AI infrastructure could increase demand for the software and operating systems that run on top of it. IBM Fell 25% as Hardware Spending Dominated AI Budgets

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,481 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $128.80, for a total transaction of $190,752.80. Following the transaction, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,112,270 shares of company stock valued at $150,247,785 over the last quarter. 9.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PLTR shares. DA Davidson restated a “buy” rating and issued a $175.00 price objective on shares of Palantir Technologies in a research note on Friday, July 17th. DZ Bank initiated coverage on shares of Palantir Technologies in a research report on Thursday, April 23rd. They set a “buy” rating and a $175.00 target price on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a research note on Friday, June 5th. President Capital raised 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Palantir Technologies in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.88.

Palantir Technologies Company 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.