Palantir Technologies Inc. (NYSE:PLTR) Stock Position Decreased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its stake in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,503 shares of the company’s stock after selling 33,473 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Palantir Technologies were worth $793,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLTR. AlphaCrest Capital Management LLC bought a new stake in shares of Palantir Technologies during the 1st quarter worth $206,000. D.A. Davidson & CO. lifted its holdings in shares of Palantir Technologies by 18.6% in the first quarter. D.A. Davidson & CO. now owns 14,579 shares of the company’s stock valued at $200,000 after purchasing an additional 2,286 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at $1,475,000. Cibc World Market Inc. lifted its holdings in shares of Palantir Technologies by 38.3% in the first quarter. Cibc World Market Inc. now owns 226,834 shares of the company’s stock valued at $3,114,000 after purchasing an additional 62,814 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Palantir Technologies by 71.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,153,018 shares of the company’s stock valued at $15,832,000 after purchasing an additional 482,171 shares in the last quarter. 31.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLTR shares. Jefferies Financial Group increased their target price on Palantir Technologies from $8.50 to $10.00 in a report on Tuesday. Royal Bank of Canada reiterated an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a report on Thursday, February 23rd. Mizuho increased their price objective on Palantir Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, February 14th. DA Davidson initiated coverage on Palantir Technologies in a report on Tuesday, February 28th. They set a “neutral” rating and a $8.00 price objective for the company. Finally, The Goldman Sachs Group cut their price objective on Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, February 14th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $8.54.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $9.88 on Friday. The company has a market cap of $20.76 billion, a P/E ratio of -76.00, a P/E/G ratio of 2.66 and a beta of 2.85. The stock’s 50-day moving average is $8.19 and its 200-day moving average is $7.76. Palantir Technologies Inc. has a 52-week low of $5.84 and a 52-week high of $11.62.

Palantir Technologies (NYSE:PLTR – Get Rating) last issued its quarterly earnings results on Monday, February 13th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $508.62 million for the quarter, compared to the consensus estimate of $504.84 million. Palantir Technologies had a negative return on equity of 12.92% and a negative net margin of 12.88%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.05 EPS for the current year.

Insider Activity

In related news, Director Alexander D. Moore sold 21,900 shares of Palantir Technologies stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $8.35, for a total transaction of $182,865.00. Following the sale, the director now directly owns 1,880,052 shares of the company’s stock, valued at $15,698,434.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Alexander D. Moore sold 21,900 shares of Palantir Technologies stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $8.35, for a total transaction of $182,865.00. Following the sale, the director now directly owns 1,880,052 shares of the company’s stock, valued at $15,698,434.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffrey Buckley sold 4,636 shares of Palantir Technologies stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $8.55, for a total value of $39,637.80. Following the sale, the insider now directly owns 334,051 shares in the company, valued at $2,856,136.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 228,362 shares of company stock valued at $2,149,762. 13.71% of the stock is owned by insiders.

Palantir Technologies Profile

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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. 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.