Palantir Technologies Inc. (NASDAQ:PLTR) Holdings Decreased by Oracle Investment Management Inc.

Oracle Investment Management Inc. lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,500 shares of the company's stock after selling 19,000 shares during the period. Palantir Technologies comprises approximately 1.2% of Oracle Investment Management Inc.'s holdings, making the stock its 10th biggest holding. Oracle Investment Management Inc.'s holdings in Palantir Technologies were worth $2,155,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Geode Capital Management LLC grew its holdings in Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Northern Trust Corp grew its stake in shares of Palantir Technologies by 20.4% during the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after acquiring an additional 3,299,779 shares in the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $1,360,191,000. FMR LLC lifted its stake in shares of Palantir Technologies by 22.6% in the fourth quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after acquiring an additional 2,818,090 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after purchasing an additional 3,509,311 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares in the company, valued at $15,993,370.71. This trade represents a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock valued at $253,328,090 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 7.0 %

NASDAQ PLTR traded up $8.08 on Friday, reaching $124.28. 102,421,600 shares of the stock traded hands, compared to its average volume of 75,372,579. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $125.41. The company has a market cap of $291.48 billion, a price-to-earnings ratio of 654.14, a P/E/G ratio of 10.84 and a beta of 2.74. The firm's fifty day simple moving average is $91.17 and its 200 day simple moving average is $79.46.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Loop Capital reissued a "buy" rating on shares of Palantir Technologies in a research report on Friday, April 4th. Bank of America upped their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. DA Davidson decreased their price target on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective on the stock. Finally, Citigroup boosted their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $74.71.

About Palantir Technologies

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.