Brookstone Capital Management Has $19.51 Million Holdings in Palantir Technologies Inc. $PLTR

Brookstone Capital Management increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,257 shares of the company’s stock after purchasing an additional 19,010 shares during the period. Brookstone Capital Management’s holdings in Palantir Technologies were worth $19,514,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Basepoint Wealth LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $29,000. Morton Brown Family Wealth LLC lifted its holdings in shares of 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 acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth about $31,000. Wexford Capital LP bought a new position in shares of Palantir Technologies during the 3rd quarter worth about $36,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR stock opened at $174.04 on Friday. The company has a 50 day moving average price of $134.60 and a 200 day moving average price of $140.15. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The stock has a market capitalization of $418.23 billion, a PE ratio of 148.75, a price-to-earnings-growth ratio of 2.55 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The business’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Wedbush began coverage on Palantir Technologies in a report on Tuesday, June 16th. They set an “outperform” rating on the stock. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a research note on Tuesday. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Roth Capital began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $192.19.

Palantir Technologies News Roundup

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. The trade was a 5.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider owned 592 shares in the company, valued at approximately $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,150,302 shares of company stock valued at $156,197,565 over the last ninety days. Company insiders own 9.53% of the company’s stock.

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.