Palantir Technologies Inc. $PLTR Shares Purchased by Brooklyn Investment Group

Key Points

• Brooklyn Investment Group increased its stake in Palantir Technologies by 26.2%, acquiring 1,980 additional shares, bringing its total holdings to 9,550 shares valued at approximately $806,000.
• Palantir reported earnings of $0.16 per share for the recent quarter, surpassing analysts' estimates and achieving a year-over-year revenue increase of 48% to $1 billion.
• Analysts have mixed views on the stock, with price targets set between $135.00 and $200.00, while the stock currently has an average rating of "Hold" and significant institutional ownership of 45.65%.

Brooklyn Investment Group raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 26.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,550 shares of the company's stock after buying an additional 1,980 shares during the quarter. Brooklyn Investment Group's holdings in Palantir Technologies were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $450,000. XTX Topco Ltd purchased a new position in shares of Palantir Technologies during the fourth quarter valued at $328,000. GeoWealth Management LLC grew its stake in Palantir Technologies by 22.0% in the fourth quarter. GeoWealth Management LLC now owns 11,015 shares of the company's stock valued at $833,000 after purchasing an additional 1,990 shares during the last quarter. First Trust Advisors LP grew its stake in Palantir Technologies by 37.2% in the fourth quarter. First Trust Advisors LP now owns 3,365,707 shares of the company's stock valued at $254,548,000 after purchasing an additional 913,256 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in Palantir Technologies in the fourth quarter valued at about $58,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. Bank of America boosted their price target on Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their target price on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 price target on Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and upped their target price for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $136.61.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the transaction, the director directly owned 62,887 shares of the company's stock, valued at approximately $8,779,654.07. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 628,140 shares of company stock valued at $84,302,509. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Down 9.4%

NASDAQ:PLTR traded down $16.28 during mid-day trading on Tuesday, reaching $157.75. 135,780,125 shares of the stock were exchanged, compared to its average volume of 61,325,344. The company has a 50 day simple moving average of $151.87 and a 200-day simple moving average of $120.39. The stock has a market capitalization of $374.24 billion, a P/E ratio of 791.04, a P/E/G ratio of 9.81 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $29.31 and a 1 year high of $190.00.

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

Palantir Technologies Company Profile

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.