1,783 Shares in Palantir Technologies Inc. $PLTR Purchased by Stonebrook Private Inc.

Stonebrook Private Inc. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, Holdings Channel reports. The firm acquired 1,783 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors have also added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $450,000. Bison Wealth LLC boosted its holdings in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC grew its stake in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. GW&K Investment Management LLC raised its holdings in Palantir Technologies by 89.1% during the 1st quarter. GW&K Investment Management LLC now owns 1,942 shares of the company’s stock valued at $164,000 after acquiring an additional 915 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in Palantir Technologies by 43.1% during the 1st quarter. Crestwood Advisors Group LLC now owns 16,662 shares of the company’s stock valued at $1,406,000 after acquiring an additional 5,020 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $165.42 on Thursday. The company’s fifty day moving average price is $180.85 and its 200-day moving average price is $157.65. The firm has a market capitalization of $394.27 billion, a price-to-earnings ratio of 393.87, a PEG ratio of 6.49 and a beta of 2.63. Palantir Technologies Inc. has a one year low of $59.96 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue was up 62.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 2,803 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the transaction, the insider directly owned 50,961 shares in the company, valued at $8,000,877. This trade represents a 5.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 180,651 shares of company stock worth $28,679,304. 9.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Northland Securities raised their target price on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Cantor Fitzgerald upped their price target on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. UBS Group increased their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $172.28.

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.