IronOak Wealth LLC. Invests $2.02 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

IronOak Wealth LLC. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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 holdings, making the stock its 14th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Tallon Kerry Patrick acquired a new stake in shares of Palantir Technologies during the 4th quarter worth $289,000. RFG Advisory LLC increased its holdings in shares of Palantir Technologies by 45.9% during the 4th quarter. RFG Advisory LLC now owns 10,365 shares of the company's stock worth $784,000 after buying an additional 3,259 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Palantir Technologies by 1.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company's stock valued at $1,090,000 after purchasing an additional 196 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Palantir Technologies by 122.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 23,740 shares of the company's stock valued at $1,795,000 after purchasing an additional 13,068 shares in the last quarter. Finally, 1834 Investment Advisors Co. acquired a new stake in Palantir Technologies in the 4th quarter valued at $326,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $123.31 on Tuesday. The firm has a market cap of $289.21 billion, a price-to-earnings ratio of 649.03, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 1 year low of $20.64 and a 1 year high of $133.49. The firm's 50 day moving average price is $103.41 and its two-hundred day moving average price is $88.49.

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

Insider Activity

In other news, insider Ryan D. Taylor sold 3,936 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $495,817.92. Following the transaction, the insider now directly owns 363,755 shares in the company, valued at $45,822,217.35. The trade was a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. This represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,901,701 shares of company stock worth $370,407,533 in the last ninety days. Corporate insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PLTR shares. Loop Capital raised their target price on Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Mizuho raised their target price on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Bank of America raised their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Northland Securities raised their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $83.95.

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.

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