Brookstone Capital Management Raises Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Brookstone Capital Management increased its Palantir stake by 29.4% in Q1, buying 33,720 additional shares to bring its total holdings to 148,247 shares worth about $21.7 million.
• Several Wall Street firms remain constructive on Palantir, with recent ratings including outperform and buy calls; MarketBeat’s average rating is Moderate Buy with an average price target of $192.76.
• Despite strong quarterly results—revenue up 84.7% and earnings beating estimates—insiders have been selling shares, including large transactions by Shyam Sankar and Alexander C. Karp, which may be weighing on sentiment.

Brookstone Capital Management raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,247 shares of the company's stock after buying an additional 33,720 shares during the quarter. Brookstone Capital Management's holdings in Palantir Technologies were worth $21,686,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bare Financial Services Inc increased its position in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock worth $28,000 after acquiring an additional 55 shares during the period. Basepoint Wealth LLC purchased a new position in Palantir Technologies in the fourth quarter valued at $29,000. Morton Brown Family Wealth LLC grew its stake in Palantir Technologies by 250.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Cornerstone Financial Management LLC acquired a new position in Palantir Technologies during the 4th quarter worth $31,000. Finally, United Financial Planning Group LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Oppenheimer assumed coverage on Palantir Technologies in a research note on Thursday, April 30th. They issued an "outperform" rating and a $200.00 price objective for the company. UBS Group upgraded shares of Palantir Technologies from a "buy" rating to a "buy" rating in a research note on Tuesday, June 16th. Wedbush assumed coverage on shares of Palantir Technologies in a report on Tuesday, June 16th. They issued an "outperform" rating on the stock. Argus upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada reiterated an "underperform" rating and set a $90.00 price target on shares of Palantir Technologies in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.76.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 165,514 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $875,044,378.32. The trade was a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 927,270 shares of company stock valued at $126,197,785. 9.53% of the stock is owned by insiders.

Key Palantir Technologies News

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

• Positive Sentiment: Analysts and commentators said Palantir’s commercial growth remains explosive, with Q1 revenue up 85% and some price targets implying substantial upside from current levels. Palantir’s (PLTR) Explosive Commercial Growth Could Send the Stock Back to $200
• Positive Sentiment: Palantir’s Google Cloud partnership is seen as a major catalyst because it expands distribution and could accelerate adoption of its AIP and Foundry platforms across enterprise customers. Why Palantir’s Google Cloud Deal Could Change the Debate
• Positive Sentiment: More coverage pointed to Palantir as a leading applied-AI company, with its platform, ontology, and forward-deployed engineers supporting continued commercial momentum. Is Palantir Technologies Inc. (PLTR) Becoming the Face of Applied Enterprise AI?
• Neutral Sentiment: News that Oligo Security entered Palantir’s FedStart compliance network adds to the federal AI cybersecurity story, but the immediate financial impact appears limited for now. Palantir (PLTR) Brings Oligo Security Into FedStart For Federal AI Cybersecurity
• Negative Sentiment: Bearish coverage continued to focus on valuation, with some articles noting the stock’s sharp year-to-date decline and investor concern that expectations may still be too high. Palantir Stock Is Down 27% in 2026. Is the Dip a Buying Opportunity?
• Negative Sentiment: There was also fresh attention on insider selling and technical weakness, which may be contributing to pressure on the shares despite the strong operating backdrop. Monster insider trading alert for Palantir (PLTR) stock

Palantir Technologies Price Performance

Shares of PLTR opened at $128.47 on Monday. The company has a market capitalization of $307.98 billion, a price-to-earnings ratio of 144.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.53. Palantir Technologies Inc. has a 52-week low of $122.68 and a 52-week high of $207.52. The stock has a 50 day moving average price of $137.94 and a 200 day moving average price of $152.46.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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 firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the business earned $0.13 EPS. Palantir Technologies's revenue for the quarter was up 84.7% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

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.

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