Palantir Technologies Inc. (NASDAQ:PLTR) is Oder Investment Management LLC’s 4th Largest Position

Oder Investment Management LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,583 shares of the company’s stock after selling 4,383 shares during the quarter. Palantir Technologies makes up approximately 4.1% of Oder Investment Management LLC’s portfolio, making the stock its 4th largest holding. Oder Investment Management LLC’s holdings in Palantir Technologies were worth $4,960,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Heritage Wealth Management Inc. CA raised its position in shares of Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after buying an additional 111 shares during the last quarter. Westover Capital Advisors LLC raised its holdings in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after acquiring an additional 130 shares during the last quarter. Tritonpoint Wealth LLC raised its holdings in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after acquiring an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC boosted its holdings in shares of Palantir Technologies by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of Palantir Technologies by 1.2% during the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after purchasing an additional 142 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $88.55 on Friday. The firm’s 50-day moving average is $92.81 and its two-hundred day moving average is $73.02. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The firm has a market capitalization of $207.68 billion, a PE ratio of 466.08, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now owns 88,129 shares in the company, valued at $9,059,661.20. This represents a 11.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. DA Davidson lifted their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Robert W. Baird upped their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. UBS Group lifted their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $75.19.

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.