Silver Oak Securities Incorporated Sells 3,316 Shares of 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, Holdings Channel reports. 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. First PREMIER Bank acquired a new position in Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC lifted its holdings in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $33,000. Valley National Advisers Inc. grew its holdings in shares of Palantir Technologies by 181.3% during the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after purchasing an additional 330 shares during the last quarter. Finally, Concord Wealth Partners increased its position in Palantir Technologies by 132.2% during the 4th quarter. Concord Wealth Partners now owns 527 shares of the company’s stock worth $40,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PLTR. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Royal Bank of Canada upped their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday. UBS Group lifted their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Bank of America boosted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday. 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. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $69.44.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 1,823,602 shares of the stock in a transaction on 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 transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $406,004,124.96. This represents a 22.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.77, for a total transaction of $650,740.42. Following the completion of the sale, the director now directly owns 111,644 shares of the company’s stock, valued at approximately $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,656,687 shares of company stock worth $1,040,105,687 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 9.8 %

PLTR opened at $111.28 on Friday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $111.55. The company has a fifty day moving average of $75.56 and a 200-day moving average of $52.26. The stock has a market cap of $253.50 billion, a PE ratio of 556.43, a price-to-earnings-growth ratio of 7.54 and a beta of 2.81.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during 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 business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

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.