Pin Oak Investment Advisors Inc. Lowers Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Pin Oak Investment Advisors Inc. reduced its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 43.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,236 shares of the company’s stock after selling 6,305 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Palantir Technologies were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Janney Montgomery Scott LLC raised its stake in Palantir Technologies by 111.1% in the third quarter. Janney Montgomery Scott LLC now owns 274,315 shares of the company’s stock valued at $4,389,000 after buying an additional 144,370 shares in the last quarter. Pathstone Family Office LLC raised its stake in Palantir Technologies by 28.4% in the third quarter. Pathstone Family Office LLC now owns 99,728 shares of the company’s stock valued at $1,596,000 after buying an additional 22,075 shares in the last quarter. Blair William & Co. IL raised its stake in Palantir Technologies by 18.2% in the third quarter. Blair William & Co. IL now owns 49,955 shares of the company’s stock valued at $799,000 after buying an additional 7,700 shares in the last quarter. EMC Capital Management acquired a new stake in shares of Palantir Technologies during the third quarter worth about $105,000. Finally, Navellier & Associates Inc. acquired a new stake in shares of Palantir Technologies during the third quarter worth about $360,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR stock traded up $0.73 on Tuesday, reaching $23.86. The company had a trading volume of 30,514,404 shares, compared to its average volume of 58,381,266. Palantir Technologies Inc. has a 1 year low of $13.56 and a 1 year high of $27.50. The company’s fifty day moving average is $21.97 and its 200 day moving average is $20.95. The company has a market cap of $53.12 billion, a P/E ratio of 198.85, a PEG ratio of 5.38 and a beta of 2.70.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the transaction, the director now directly owns 175,830 shares in the company, valued at approximately $4,163,654.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $23.68, for a total transaction of $142,080.00. Following the completion of the sale, the director now directly owns 175,830 shares in the company, valued at approximately $4,163,654.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total value of $440,400.00. Following the sale, the director now owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The disclosure for this sale can be found here. In the last three months, insiders sold 11,376,560 shares of company stock worth $240,032,613. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, May 7th. HSBC lifted their target price on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Bank of America boosted their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Royal Bank of Canada boosted their price target on Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, May 7th. Finally, DA Davidson boosted their price target on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.65.

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.