Oak Thistle LLC Buys New Stake in Palantir Technologies Inc. (NYSE:PLTR)

Oak Thistle LLC bought a new stake in Palantir Technologies Inc. (NYSE:PLTRFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,024 shares of the company’s stock, valued at approximately $722,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Alliance LLC lifted its stake in shares of Palantir Technologies by 1.0% during the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after purchasing an additional 618 shares during the period. Founders Financial Securities LLC lifted its stake in shares of Palantir Technologies by 4.7% during the 3rd quarter. Founders Financial Securities LLC now owns 15,369 shares of the company’s stock worth $246,000 after purchasing an additional 690 shares during the period. Truvestments Capital LLC lifted its stake in shares of Palantir Technologies by 74.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the period. Everhart Financial Group Inc. lifted its stake in shares of Palantir Technologies by 6.1% during the 4th quarter. Everhart Financial Group Inc. now owns 12,730 shares of the company’s stock worth $219,000 after purchasing an additional 734 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of Palantir Technologies by 4.3% during the 3rd quarter. Yousif Capital Management LLC now owns 18,227 shares of the company’s stock worth $292,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.6 %

Shares of NYSE PLTR opened at $22.73 on Wednesday. Palantir Technologies Inc. has a 12-month low of $7.28 and a 12-month high of $27.50. The company has a market cap of $50.30 billion, a P/E ratio of 252.58, a P/E/G ratio of 5.61 and a beta of 2.78. The stock has a fifty day moving average price of $22.87 and a 200 day moving average price of $19.26.

Palantir Technologies (NYSE:PLTRGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The company had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Monness Crespi & Hardt lowered Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research note on Thursday, March 28th. Wedbush reissued an “outperform” rating and set a $35.00 price target (up previously from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a report on Wednesday, February 14th. Raymond James upped their price objective on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Mizuho upped their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.35.

Read Our Latest Analysis on Palantir Technologies

Insider Activity at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.91, for a total transaction of $124,550.00. Following the completion of the sale, the director now directly owns 191,783 shares in the company, valued at $4,777,314.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ryan D. Taylor sold 120,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the completion of the sale, the insider now directly owns 181,460 shares in the company, valued at $3,992,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.91, for a total value of $124,550.00. Following the sale, the director now owns 191,783 shares of the company’s stock, valued at $4,777,314.53. The disclosure for this sale can be found here. In the last three months, insiders sold 7,451,273 shares of company stock worth $184,229,502. Corporate insiders own 13.96% of the company’s stock.

About Palantir Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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