Brookstone Capital Management Has $1.74 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Brookstone Capital Management lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,011 shares of the company’s stock after selling 613 shares during the quarter. Brookstone Capital Management’s holdings in Palantir Technologies were worth $1,740,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Fiduciary Alliance LLC boosted its position in Palantir Technologies by 38.2% during the 4th quarter. Fiduciary Alliance LLC now owns 159,476 shares of the company’s stock worth $12,061,000 after acquiring an additional 44,101 shares during the last quarter. TT International Asset Management LTD acquired a new position in Palantir Technologies during the 4th quarter worth approximately $264,000. EWG Elevate Inc. acquired a new position in Palantir Technologies during the 4th quarter worth approximately $217,000. Aprio Wealth Management LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $325,000. Finally, Czech National Bank boosted its position in Palantir Technologies by 8.3% during the 4th quarter. Czech National Bank now owns 444,441 shares of the company’s stock worth $33,613,000 after acquiring an additional 34,212 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $50.49, for a total transaction of $406,646.46. Following the completion of the transaction, the director now directly owns 130,250 shares in the company, valued at $6,576,322.50. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 5,250,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the transaction, the insider now owns 752,786 shares of the company’s stock, valued at $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453 over the last ninety days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

PLTR stock opened at $68.14 on Thursday. The stock has a market capitalization of $155.22 billion, a price-to-earnings ratio of 340.72, a PEG ratio of 10.18 and a beta of 2.82. The business’s fifty day moving average price is $69.70 and its two-hundred day moving average price is $46.54. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. Research analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLTR. Jefferies Financial Group cut Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a research note on Thursday, November 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Bank of America upped their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group upped their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Northland Securities upped their price objective on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.12.

Palantir Technologies 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.