Oder Investment Management LLC Sells 8,960 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Oder Investment Management LLC lowered its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 12.9% during the fourth quarter, HoldingsChannel reports. The firm owned 60,688 shares of the company’s stock after selling 8,960 shares during the quarter. Palantir Technologies makes up 1.0% of Oder Investment Management LLC’s investment portfolio, making the stock its 25th largest position. Oder Investment Management LLC’s holdings in Palantir Technologies were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in PLTR. Vanguard Group Inc. lifted its position in shares of Palantir Technologies by 11.1% in the third quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock valued at $2,997,419,000 after buying an additional 18,756,392 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Palantir Technologies by 26.1% during the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock worth $361,833,000 after buying an additional 4,675,824 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Palantir Technologies by 8.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,590,729 shares of the company’s stock valued at $216,183,000 after buying an additional 955,992 shares during the last quarter. Northern Trust Corp raised its holdings in Palantir Technologies by 5.5% in the 3rd quarter. Northern Trust Corp now owns 11,498,685 shares of the company’s stock valued at $183,979,000 after acquiring an additional 601,012 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in shares of Palantir Technologies by 16.1% during the fourth quarter. ARK Investment Management LLC now owns 10,937,859 shares of the company’s stock worth $187,803,000 after acquiring an additional 1,514,232 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NYSE:PLTR traded down $0.12 during midday trading on Wednesday, reaching $21.85. 12,654,995 shares of the stock traded hands, compared to its average volume of 61,337,230. The stock has a market capitalization of $48.35 billion, a P/E ratio of 242.69, a PEG ratio of 5.60 and a beta of 2.78. Palantir Technologies Inc. has a 12 month low of $7.28 and a 12 month high of $27.50. The company has a fifty day moving average of $23.39 and a 200 day moving average of $20.14.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The firm had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. On average, analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $25.10, for a total transaction of $125,500.00. Following the completion of the transaction, the director now owns 181,830 shares in the company, valued at $4,563,933. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the completion of the sale, the director now directly owns 181,830 shares of the company’s stock, valued at approximately $4,563,933. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the sale, the insider now owns 752,786 shares of the company’s stock, valued at $18,819,650. The disclosure for this sale can be found here. Insiders sold a total of 7,456,273 shares of company stock valued at $184,343,202 over the last three months. Corporate insiders own 13.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PLTR shares. Raymond James lifted their target price on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Mizuho boosted their price objective on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Bank of America raised their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada reiterated an “underperform” rating and issued a $5.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 6th. Finally, Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $10.00 to $20.00 in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $18.35.

Palantir Technologies 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.