OLD National Bancorp IN Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

OLD National Bancorp IN bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,204 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Institute for Advanced Investment Management LLP bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $246,000. DMC Group LLC lifted its stake in Palantir Technologies by 10.8% in the fourth quarter. DMC Group LLC now owns 28,480 shares of the company’s stock worth $2,154,000 after purchasing an additional 2,768 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $503,000. Legacy Trust bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $258,000. Finally, Strategic Planning Group LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $2,926,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PLTR. The Goldman Sachs Group increased their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a report on Friday, January 17th. They issued a “neutral” rating and a $72.00 target price on the stock. Bank of America upped their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 25th. Robert W. Baird started coverage on shares of Palantir Technologies in a report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price target on the stock. Finally, UBS Group assumed coverage on shares of Palantir Technologies in a research note on Thursday, December 19th. They set a “neutral” rating and a $80.00 price objective for the company. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.61.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total value of $999,200.00. Following the transaction, the insider now owns 562,006 shares in the company, valued at approximately $28,077,819.76. This represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $82.49 on Friday. The firm’s 50-day moving average price is $73.71 and its 200-day moving average price is $50.69. The company has a market capitalization of $187.91 billion, a PE ratio of 412.47, a P/E/G ratio of 7.29 and a beta of 2.82. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $85.22.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

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.