Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,489,498 shares of the company’s stock after selling 889,851 shares during the quarter. American Century Companies Inc.’s holdings in Palantir Technologies were worth $339,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Natixis Advisors LLC boosted its position in Palantir Technologies by 406.7% during the 3rd quarter. Natixis Advisors LLC now owns 54,742 shares of the company’s stock valued at $2,036,000 after purchasing an additional 43,938 shares during the period. Thrivent Financial for Lutherans boosted its position in Palantir Technologies by 73.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 91,656 shares of the company’s stock valued at $3,409,000 after purchasing an additional 38,924 shares during the period. Pathstone Holdings LLC boosted its position in Palantir Technologies by 14.5% during the 3rd quarter. Pathstone Holdings LLC now owns 108,707 shares of the company’s stock valued at $4,044,000 after purchasing an additional 13,797 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Palantir Technologies during the 3rd quarter worth $1,919,000. Finally, PNC Financial Services Group Inc. boosted its position in Palantir Technologies by 73.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 107,455 shares of the company’s stock worth $3,997,000 after acquiring an additional 45,505 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PLTR. Northland Securities boosted their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 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 research report on Wednesday, March 5th. Bank of America boosted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Wedbush reiterated an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a research report on Monday, March 3rd. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.45.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock valued at $281,528,938 over the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 4.1 %

Shares of Palantir Technologies stock opened at $90.96 on Friday. The stock’s fifty day moving average is $89.55 and its 200-day moving average is $66.92. The firm has a market capitalization of $213.33 billion, a PE ratio of 478.76, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.

Palantir Technologies 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.