Palantir Technologies Inc. $PLTR Shares Purchased by Brookwood Investment Group LLC

Brookwood Investment Group LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 110.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 29,445 shares of the company’s stock after acquiring an additional 15,444 shares during the period. Palantir Technologies accounts for 0.6% of Brookwood Investment Group LLC’s investment portfolio, making the stock its 25th biggest holding. Brookwood Investment Group LLC’s holdings in Palantir Technologies were worth $4,014,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PLTR. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $27,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 2.3%

NASDAQ:PLTR opened at $184.63 on Monday. Palantir Technologies Inc. has a 52 week low of $40.90 and a 52 week high of $190.00. The stock has a market capitalization of $438.01 billion, a PE ratio of 615.45, a price-to-earnings-growth ratio of 10.01 and a beta of 2.60. The stock’s 50-day moving average price is $171.35 and its 200-day moving average price is $147.20.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 4th. The company reported $0.16 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 firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. During the same period last year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 48.0% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the sale, the director directly owned 62,087 shares in the company, valued at $11,572,395.93. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $158.35, for a total value of $5,708,200.80. Following the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PLTR. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and set a $177.00 price target (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group reaffirmed a “neutral” rating and set a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.28.

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.