Oder Investment Management LLC Has $4.96 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Oder Investment Management LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,583 shares of the company's stock after selling 4,383 shares during the quarter. Palantir Technologies accounts for approximately 4.1% of Oder Investment Management LLC's holdings, making the stock its 4th largest position. Oder Investment Management LLC's holdings in Palantir Technologies were worth $4,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PLTR. Wellington Management Group LLP lifted its stake in shares of Palantir Technologies by 3,106.8% in the third quarter. Wellington Management Group LLP now owns 775,208 shares of the company's stock worth $28,838,000 after buying an additional 751,034 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in Palantir Technologies in the 3rd quarter worth approximately $639,000. Sunbelt Securities Inc. raised its stake in shares of Palantir Technologies by 700.0% during the third quarter. Sunbelt Securities Inc. now owns 1,960 shares of the company's stock worth $73,000 after buying an additional 1,715 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $381,000. Finally, M&T Bank Corp raised its holdings in Palantir Technologies by 37.0% during the 3rd quarter. M&T Bank Corp now owns 170,043 shares of the company's stock worth $6,326,000 after buying an additional 45,965 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho boosted their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Loop Capital restated a "buy" rating on shares of Palantir Technologies in a research note on Friday, April 4th. Citigroup increased their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Bank of America boosted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Palantir Technologies in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $74.71.

Palantir Technologies Price Performance

Palantir Technologies stock traded down $3.99 during midday trading on Wednesday, hitting $94.41. 60,268,613 shares of the stock were exchanged, compared to its average volume of 71,983,311. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a 50 day moving average price of $92.38 and a two-hundred day moving average price of $73.83. The firm has a market cap of $221.43 billion, a P/E ratio of 496.92, a P/E/G ratio of 10.84 and a beta of 2.74.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now owns 88,129 shares of the company's stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares in the company, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last 90 days. 12.93% of the stock is owned by company insiders.

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.