18,149 Shares in Palantir Technologies Inc. (NYSE:PLTR) Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,149 shares of the company’s stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Truvestments Capital LLC increased its stake in Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares during the last quarter. Pacifica Partners Inc. bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $27,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at $28,000. Provence Wealth Management Group bought a new position in shares of Palantir Technologies during the 3rd quarter valued at $34,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Palantir Technologies in the 3rd quarter worth $35,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 29,168 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the transaction, the insider now owns 752,786 shares in the company, valued at $18,819,650. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.10, for a total value of $125,500.00. Following the sale, the director now directly owns 181,830 shares of the company’s stock, valued at approximately $4,563,933. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 29,168 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.00, for a total value of $729,200.00. Following the transaction, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $18,819,650. The disclosure for this sale can be found here. Insiders have sold 7,456,273 shares of company stock worth $184,343,202 over the last ninety days. 13.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PLTR. Mizuho upped their price target on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a report on Wednesday, February 14th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $5.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 6th. Bank of America increased their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Monness Crespi & Hardt cut shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a report on Thursday, March 28th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.35.

Palantir Technologies Trading Down 3.1 %

Shares of PLTR opened at $20.47 on Monday. Palantir Technologies Inc. has a 1-year low of $7.28 and a 1-year high of $27.50. The firm’s 50-day moving average price is $23.77 and its 200-day moving average price is $19.92. The firm has a market capitalization of $45.29 billion, a price-to-earnings ratio of 227.47, a PEG ratio of 5.02 and a beta of 2.78.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The company had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. On average, research analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

About Palantir Technologies

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.