Oak Thistle LLC Trims Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Oak Thistle LLC decreased its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 71.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,168 shares of the company’s stock after selling 29,856 shares during the period. Oak Thistle LLC’s holdings in Palantir Technologies were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pursue Wealth Partners LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth $1,741,000. Vanguard Group Inc. grew its position in shares of Palantir Technologies by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after buying an additional 6,466,596 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Palantir Technologies by 10.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock valued at $20,549,000 after purchasing an additional 116,220 shares in the last quarter. Udine Wealth Management Inc. bought a new stake in Palantir Technologies during the fourth quarter valued at about $1,612,000. Finally, Panagora Asset Management Inc. boosted its position in Palantir Technologies by 185.6% during the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after purchasing an additional 49,839 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the transaction, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the transaction, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Thiel sold 5,000,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $20.78, for a total value of $103,900,000.00. Following the transaction, the director now owns 15,733,625 shares of the company’s stock, valued at $326,944,727.50. The disclosure for this sale can be found here. Insiders sold 11,372,153 shares of company stock valued at $239,941,245 in the last three months. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent research reports. DA Davidson raised their price objective on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Mizuho raised their price objective on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Royal Bank of Canada raised their price objective on Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, May 7th. Finally, Citigroup raised their price target on Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.25.

Palantir Technologies Price Performance

NYSE PLTR traded up $0.55 during mid-day trading on Monday, hitting $25.88. The stock had a trading volume of 33,106,216 shares, compared to its average volume of 56,602,141. The firm’s 50 day moving average is $22.63 and its 200 day moving average is $21.54. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $27.50. The stock has a market capitalization of $57.62 billion, a price-to-earnings ratio of 215.63, a PEG ratio of 5.85 and a beta of 2.70.

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

Palantir Technologies Company Profile

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.