Oak Ridge Investments LLC Invests $285,000 in Palantir Technologies Inc. (NYSE:PLTR)

Oak Ridge Investments LLC acquired a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,650 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds also recently made changes to their positions in the stock. Walter & Keenan Wealth Management LLC IN ADV increased its holdings in Palantir Technologies by 1.2% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock worth $729,000 after purchasing an additional 235 shares in the last quarter. Greater Midwest Financial Group LLC increased its holdings in Palantir Technologies by 0.3% in the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock worth $3,251,000 after purchasing an additional 250 shares in the last quarter. Creekmur Asset Management LLC increased its holdings in Palantir Technologies by 46.0% in the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after purchasing an additional 335 shares in the last quarter. HBW Advisory Services LLC increased its holdings in Palantir Technologies by 3.6% in the third quarter. HBW Advisory Services LLC now owns 10,198 shares of the company’s stock worth $379,000 after purchasing an additional 354 shares in the last quarter. Finally, Evolution Wealth Advisors LLC increased its holdings in Palantir Technologies by 0.5% in the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock worth $1,853,000 after purchasing an additional 360 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 249,684 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the transaction, the insider now directly owns 372,565 shares in the company, valued at $11,180,675.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David A. Glazer sold 72,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $31.18, for a total value of $2,260,550.00. Following the completion of the transaction, the insider now directly owns 298,012 shares in the company, valued at approximately $9,292,014.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 249,684 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the completion of the transaction, the insider now owns 372,565 shares of the company’s stock, valued at $11,180,675.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,204,508 shares of company stock worth $802,654,666 in the last ninety days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $41.94 on Friday. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $45.14. The firm has a market cap of $93.92 billion, a PE ratio of 246.72 and a beta of 2.72. The stock’s fifty day moving average price is $37.98 and its two-hundred day moving average price is $29.50.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, August 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 net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLTR. Northland Securities began coverage on Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price for the company. Citigroup boosted their price objective on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Royal Bank of Canada restated an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 6th. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Monness Crespi & Hardt decreased their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $27.86.

Palantir Technologies Company 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.