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

by · The Cerbat Gem

Brookwood Investment Group LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 43.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,222 shares of the company’s stock after selling 16,996 shares during the period. Brookwood Investment Group LLC’s holdings in Palantir Technologies were worth $3,950,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bare Financial Services Inc increased its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the period. Delos Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth about $29,000. Zeit Capital LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth about $30,000. Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth about $30,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the transaction, the insider owned 592 shares in the company, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,029,879 shares of company stock worth $137,746,253 over the last ninety days. Insiders own 9.23% of the company’s stock.

More Palantir Technologies News

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

Analysts Set New Price Targets

A number of research firms recently weighed in on PLTR. Benchmark began coverage on shares of Palantir Technologies in a report on Wednesday, April 1st. They issued a “hold” rating on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. DA Davidson dropped their price objective on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. William Blair raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, Phillip Securities dropped their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $197.77.

Check Out Our Latest Report on Palantir Technologies

Palantir Technologies Stock Down 7.3%

Shares of PLTR opened at $130.49 on Friday. The firm has a 50-day moving average price of $144.34 and a 200 day moving average price of $166.84. The firm has a market capitalization of $312.09 billion, a PE ratio of 207.13, a P/E/G ratio of 2.79 and a beta of 1.68. Palantir Technologies Inc. has a 52-week low of $84.14 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies’s revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Company Profile

(Free Report)

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.

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