Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by TigerOak Management L.L.C.

TigerOak Management L.L.C. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,539 shares of the company’s stock after purchasing an additional 660 shares during the period. TigerOak Management L.L.C.’s holdings in Palantir Technologies were worth $383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $34,000. Summit Securities Group LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at approximately $34,000. Fairfield Financial Advisors LTD acquired a new stake in Palantir Technologies during the 4th quarter valued at $35,000. Godsey & Gibb Inc. increased its position in Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after buying an additional 370 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Palantir Technologies in the fourth quarter worth $36,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

PLTR opened at $142.90 on Thursday. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $147.67. The firm has a 50 day moving average price of $123.49 and a 200 day moving average price of $98.53. The company has a market cap of $337.23 billion, a PE ratio of 621.30, a price-to-earnings-growth ratio of 12.23 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PLTR shares. Daiwa America raised Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the stock a “buy” rating in a research note on Thursday, June 12th. Morgan Stanley lifted their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Citigroup upped their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $89.32.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 358,982 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $45,371,734.98. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $812,973,088.62. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the sale, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,506,925 shares of company stock worth $188,456,658. Corporate insiders own 9.23% of the company’s stock.

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.