IronOak Wealth LLC. Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

IronOak Wealth LLC. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,764 shares of the company's stock, valued at approximately $2,024,000. Palantir Technologies comprises about 2.3% of IronOak Wealth LLC.'s portfolio, making the stock its 14th biggest holding.

A number of other large investors have also added to or reduced their stakes in the business. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at $27,000. HighMark Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares during the period. Sierra Ocean LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $31,000. R Squared Ltd bought a new position in Palantir Technologies in the 4th quarter valued at about $33,000. Finally, First Command Advisory Services Inc. acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $34,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

PLTR stock traded up $4.48 during trading on Friday, reaching $126.80. 124,580,303 shares of the company were exchanged, compared to its average volume of 78,412,362. Palantir Technologies Inc. has a twelve month low of $21.01 and a twelve month high of $133.49. The company has a market capitalization of $299.23 billion, a price-to-earnings ratio of 668.02, a P/E/G ratio of 10.84 and a beta of 2.68. The company has a 50-day moving average of $105.30 and a two-hundred day moving average of $89.40.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. Palantir Technologies's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PLTR. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Northland Securities lifted their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Robert W. Baird upped their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Finally, Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and an average price target of $83.95.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,901,701 shares of company stock worth $370,407,533 in the last quarter. 9.23% 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.