Oppenheimer & Co. Inc. Has $7.70 Million Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Oppenheimer & Co. Inc. raised its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 36.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 334,731 shares of the company’s stock after buying an additional 88,671 shares during the period. Oppenheimer & Co. Inc.’s holdings in Palantir Technologies were worth $7,702,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PLTR. Insight Advisors LLC PA acquired a new position in Palantir Technologies in the 1st quarter valued at about $203,000. SG Americas Securities LLC increased its stake in shares of Palantir Technologies by 183.3% during the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock worth $3,645,000 after purchasing an additional 102,479 shares during the period. Empowered Funds LLC lifted its holdings in Palantir Technologies by 32.0% during the 1st quarter. Empowered Funds LLC now owns 24,741 shares of the company’s stock worth $569,000 after purchasing an additional 6,002 shares during the last quarter. Defender Capital LLC. boosted its stake in Palantir Technologies by 34.5% in the 1st quarter. Defender Capital LLC. now owns 614,477 shares of the company’s stock valued at $14,139,000 after purchasing an additional 157,710 shares during the period. Finally, Deuterium Capital Management LLC grew its holdings in Palantir Technologies by 13.3% in the 1st quarter. Deuterium Capital Management LLC now owns 102,000 shares of the company’s stock valued at $2,347,000 after buying an additional 12,000 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. DA Davidson lifted their target price on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Wedbush restated an “outperform” rating and set a $35.00 target price on shares of Palantir Technologies in a research report on Monday, May 6th. Monness Crespi & Hardt downgraded shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a research report on Friday, June 21st. Finally, Citigroup boosted their price target on Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $21.25.

Insider Transactions at Palantir Technologies

In related news, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Alexander D. Moore sold 20,422 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $22.94, for a total transaction of $468,480.68. Following the completion of the transaction, the director now owns 1,587,707 shares of the company’s stock, valued at $36,421,998.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the transaction, the director now owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,375,179 shares of company stock worth $240,025,973. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

NYSE:PLTR traded up $0.43 during trading hours on Friday, hitting $28.07. The company’s stock had a trading volume of 30,760,268 shares, compared to its average volume of 39,358,680. The company has a market capitalization of $62.51 billion, a P/E ratio of 233.94, a PEG ratio of 6.38 and a beta of 2.71. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $28.59. The stock has a fifty day simple moving average of $23.60 and a 200-day simple moving average of $22.13.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. On average, equities analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

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.