Charles Schwab Investment Management Inc. Has $106.56 Million Stake in Palantir Technologies Inc. (NYSE:PLTR)

Charles Schwab Investment Management Inc. raised its holdings in Palantir Technologies Inc. (NYSE:PLTRFree Report) by 23.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,659,740 shares of the company’s stock after buying an additional 1,284,900 shares during the period. Charles Schwab Investment Management Inc. owned about 0.31% of Palantir Technologies worth $106,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Bank of Nova Scotia grew its position in shares of Palantir Technologies by 2.0% in the second quarter. Bank of Nova Scotia now owns 34,450 shares of the company’s stock valued at $528,000 after purchasing an additional 682 shares during the last quarter. Qsemble Capital Management LP bought a new stake in Palantir Technologies during the third quarter worth $1,178,000. Van Cleef Asset Management Inc lifted its stake in Palantir Technologies by 82.9% during the second quarter. Van Cleef Asset Management Inc now owns 690,267 shares of the company’s stock worth $10,582,000 after purchasing an additional 312,767 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Palantir Technologies by 3.9% during the third quarter. Victory Capital Management Inc. now owns 684,953 shares of the company’s stock worth $10,959,000 after purchasing an additional 25,787 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in Palantir Technologies during the second quarter worth $5,020,000. Institutional investors own 34.21% of the company’s stock.

Palantir Technologies Stock Down 0.5 %

Shares of NYSE:PLTR opened at $24.38 on Friday. The business has a fifty day simple moving average of $17.62 and a 200 day simple moving average of $17.07. Palantir Technologies Inc. has a 12-month low of $7.19 and a 12-month high of $25.11. The firm has a market cap of $53.05 billion, a P/E ratio of 270.92, a P/E/G ratio of 5.98 and a beta of 2.66.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PLTR shares. Royal Bank of Canada restated an “underperform” rating and set a $5.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 6th. Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and upped their target price for the stock from $10.00 to $20.00 in a research note on Tuesday, February 6th. Mizuho upped their target price on Palantir Technologies from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and upped their target price for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Finally, Wedbush increased their price target on Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.25.

Get Our Latest Analysis on Palantir Technologies

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.81, for a total transaction of $79,240.00. Following the completion of the sale, the director now directly owns 208,783 shares in the company, valued at approximately $4,135,991.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.81, for a total transaction of $79,240.00. Following the completion of the sale, the director now directly owns 208,783 shares in the company, valued at approximately $4,135,991.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather A. Planishek sold 13,196 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.27, for a total value of $280,678.92. Following the sale, the insider now owns 748,810 shares of the company’s stock, valued at $15,927,188.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,219,877 shares of company stock worth $24,960,001. Company insiders own 13.96% of the company’s stock.

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

Further Reading

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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