Silver Oak Securities Incorporated Has $1.09 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Silver Oak Securities Incorporated decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 19.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,073 shares of the company’s stock after selling 3,316 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Palantir Technologies were worth $1,086,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies during the third quarter valued at $25,000. Prestige Wealth Management Group LLC raised its holdings in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $33,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 9.8 %

PLTR opened at $111.28 on Friday. The firm’s fifty day simple moving average is $75.56 and its 200 day simple moving average is $52.26. The stock has a market capitalization of $253.50 billion, a P/E ratio of 556.43, a P/E/G ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $111.55.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 1,823,602 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $406,004,124.96. The trade was a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687. 12.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. DA Davidson raised their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday. Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.44.

About Palantir Technologies

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.