TigerOak Management L.L.C. Acquires New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

TigerOak Management L.L.C. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,879 shares of the company's stock, valued at approximately $293,000.

Other institutional investors have also modified their holdings of the company. Next Level Wealth Planning LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $495,000. Salomon & Ludwin LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $38,000. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $27,000. Covenant Asset Management LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $201,000. Finally, Howard Wealth Management LLC lifted its position in Palantir Technologies by 0.6% during the fourth quarter. Howard Wealth Management LLC now owns 33,045 shares of the company's stock worth $2,499,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group lifted their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Baird R W raised shares of Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Bank of America lifted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Mizuho upped their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Six 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $69.44.

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Palantir Technologies Stock Performance

Shares of PLTR stock traded down $12.56 during trading hours on Wednesday, hitting $112.06. 142,280,695 shares of the company were exchanged, compared to its average volume of 84,784,539. The stock has a market capitalization of $255.27 billion, a price-to-earnings ratio of 589.82, a P/E/G ratio of 12.25 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The business's 50-day simple moving average is $84.70 and its two-hundred day simple moving average is $58.51.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company's stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 1,620,395 shares of Palantir Technologies stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company's stock, valued at $406,583,028.18. This trade represents a 20.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,301,387 shares of company stock worth $575,821,045 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company 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.