Brookwood Investment Group LLC Acquires New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Brookwood Investment Group LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,001 shares of the company's stock, valued at approximately $1,182,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Hole Capital Partners LLC acquired a new position in Palantir Technologies during the 1st quarter worth $320,000. Arlington Capital Management Inc. increased its stake in shares of Palantir Technologies by 14.9% in the first quarter. Arlington Capital Management Inc. now owns 7,541 shares of the company's stock worth $636,000 after purchasing an additional 980 shares during the period. Principle Wealth Partners LLC increased its stake in shares of Palantir Technologies by 76.4% in the first quarter. Principle Wealth Partners LLC now owns 21,682 shares of the company's stock worth $1,830,000 after purchasing an additional 9,393 shares during the period. Corps Capital Advisors LLC lifted its position in shares of Palantir Technologies by 10.3% during the 1st quarter. Corps Capital Advisors LLC now owns 11,800 shares of the company's stock worth $996,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Advisor OS LLC boosted its stake in Palantir Technologies by 22.6% during the 1st quarter. Advisor OS LLC now owns 6,929 shares of the company's stock valued at $585,000 after purchasing an additional 1,278 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLTR. Wedbush set a $160.00 price target on Palantir Technologies in a research report on Thursday, July 10th. DA Davidson boosted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Morgan Stanley upped their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $91.37.

Insider Buying and Selling

In other news, insider David A. Glazer sold 30,812 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the sale, the insider directly owned 495,497 shares of the company's stock, valued at $62,625,865.83. This represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction that occurred 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 owned 702,786 shares of the company's stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,485,632 shares of company stock valued at $191,222,623. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 0.1%

PLTR stock traded up $0.23 during midday trading on Thursday, reaching $154.86. 38,806,947 shares of the company's stock traded hands, compared to its average volume of 66,333,364. The company has a 50-day simple moving average of $136.44 and a two-hundred day simple moving average of $108.24. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $155.68. The company has a market cap of $365.46 billion, a price-to-earnings ratio of 673.30, a PEG ratio of 13.20 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

About Palantir Technologies

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.