Brookstone Capital Management Purchases 19,692 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Brookstone Capital Management increased its stake in Palantir Technologies by 89.7% during Q2, acquiring an additional 19,692 shares to bring its total holdings to 41,655 shares, worth approximately $5.68 million.
• Palantir Technologies reported a 48% year-over-year increase in revenue, reaching $1 billion for the most recent quarter, with earnings per share exceeding estimates at $0.16.
• Current market sentiment on Palantir Technologies shows a consensus rating of "Hold" among analysts, with a target price averaging $141.28.

Brookstone Capital Management lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 89.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,655 shares of the company's stock after purchasing an additional 19,692 shares during the period. Brookstone Capital Management's holdings in Palantir Technologies were worth $5,678,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Signature Resources Capital Management LLC bought a new position in Palantir Technologies in the second quarter worth approximately $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth $28,000. Family Legacy Financial Solutions LLC bought a new position in Palantir Technologies in the 2nd quarter worth $31,000. Tradewinds Capital Management LLC lifted its position in Palantir Technologies by 147.4% during the second quarter. Tradewinds Capital Management LLC now owns 235 shares of the company's stock valued at $32,000 after purchasing an additional 140 shares in the last quarter. Finally, Adirondack Trust Co. grew its holdings in Palantir Technologies by 185.0% during the second quarter. Adirondack Trust Co. now owns 285 shares of the company's stock valued at $39,000 after purchasing an additional 185 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

Shares of PLTR opened at $180.48 on Friday. The firm has a market cap of $428.16 billion, a P/E ratio of 601.62, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $40.90 and a 1 year high of $190.00. The company has a 50 day simple moving average of $171.20 and a two-hundred day simple moving average of $145.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. Palantir Technologies's revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLTR. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. UBS Group reaffirmed a "neutral" rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Finally, Loop Capital raised their price objective on shares of Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $141.28.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 191,720 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at $89,611.04. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,557,750 shares of company stock worth $239,713,896. Insiders own 9.23% of the company's stock.

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.

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