Brand Asset Management Group Inc. Sells 288 Shares of Palantir Technologies Inc. $PLTR

Brand Asset Management Group Inc. lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.9% during the second quarter, Holdings Channel.com reports. The fund owned 31,642 shares of the company’s stock after selling 288 shares during the period. Palantir Technologies comprises 1.6% of Brand Asset Management Group Inc.’s investment portfolio, making the stock its 19th largest position. Brand Asset Management Group Inc.’s holdings in Palantir Technologies were worth $4,313,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $27,000. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $33,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock valued at $33,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the sale, the insider owned 592 shares in the company, valued at $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $33,737,042.86. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at approximately $973,650,893.46. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,625,634 shares of company stock valued at $248,926,404 over the last quarter. Corporate insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of research analyst reports. Morgan Stanley set a $155.00 target price on Palantir Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald lifted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $138.28.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $171.21 on Tuesday. The company has a market capitalization of $406.17 billion, a price-to-earnings ratio of 570.72, a P/E/G ratio of 9.66 and a beta of 2.59. The business’s 50-day moving average is $160.71 and its 200-day moving average is $128.03. Palantir Technologies Inc. has a 1 year low of $35.56 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate 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.