Brookstone Capital Management Acquires Shares of 23,732 Palantir Technologies Inc. (NYSE:PLTR)

Brookstone Capital Management acquired a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,732 shares of the company’s stock, valued at approximately $546,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Halpern Financial Inc. grew its stake in shares of Palantir Technologies by 44.0% during the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after buying an additional 440 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Palantir Technologies by 16.9% during the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock valued at $74,000 after buying an additional 463 shares during the last quarter. Fiduciary Alliance LLC grew its stake in shares of Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after buying an additional 618 shares during the last quarter. West Paces Advisors Inc. grew its stake in shares of Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after buying an additional 620 shares during the last quarter. Finally, AXS Investments LLC grew its stake in shares of Palantir Technologies by 1.5% during the fourth quarter. AXS Investments LLC now owns 42,264 shares of the company’s stock valued at $726,000 after buying an additional 626 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 10,907 shares of Palantir Technologies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total transaction of $233,737.01. Following the completion of the transaction, the insider now owns 651,099 shares in the company, valued at approximately $13,953,051.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Heather A. Planishek sold 10,907 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total transaction of $233,737.01. Following the sale, the insider now directly owns 651,099 shares in the company, valued at approximately $13,953,051.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Thiel sold 6,285,833 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the sale, the director now owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,372,153 shares of company stock worth $239,941,245. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $25.33 on Monday. The firm has a market capitalization of $56.41 billion, a price-to-earnings ratio of 211.10, a price-to-earnings-growth ratio of 5.85 and a beta of 2.70. The business has a fifty day moving average of $22.63 and a 200 day moving average of $21.54. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $27.50.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $634.34 million during the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on PLTR shares. Wedbush reaffirmed an “outperform” rating and set a $35.00 target price on shares of Palantir Technologies in a research note on Monday, May 6th. Monness Crespi & Hardt cut Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a research report on Friday, June 21st. HSBC increased their target price on Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, May 7th. Bank of America increased their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, DA Davidson increased their price objective on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.25.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.