American Century Companies Inc. Acquires 909,866 Shares of Palantir Technologies Inc. $PLTR

American Century Companies Inc. boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 51.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,689,844 shares of the company’s stock after acquiring an additional 909,866 shares during the quarter. American Century Companies Inc.’s holdings in Palantir Technologies were worth $490,682,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Decker Retirement Planning Inc. lifted its stake in shares of Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after acquiring an additional 54,347 shares during the last quarter. Vanguard Group Inc. grew its position in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after acquiring an additional 7,194,216 shares during the last quarter. Prentice Wealth Management LLC acquired a new position in Palantir Technologies in the 3rd quarter worth about $550,000. Watershed Private Wealth LLC raised its position in Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after purchasing an additional 3,350 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after purchasing an additional 12,300 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 19,988 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,672,795.36. Following the completion of the sale, the insider directly owned 219,421 shares of the company’s stock, valued at $29,340,976.12. This represents a 8.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 327,088 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. The trade was a 99.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,054,279 shares of company stock worth $142,212,233. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $137.19 on Friday. The business has a 50-day simple moving average of $159.67 and a 200 day simple moving average of $169.94. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52. The firm has a market capitalization of $328.11 billion, a price-to-earnings ratio of 217.77, a PEG ratio of 2.62 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $0.14 EPS. Palantir Technologies’s quarterly revenue was up 70.0% on a year-over-year basis. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: UBS upgraded PLTR to Buy (from Neutral), citing Palantir’s positioning at the intersection of AI and data spending — the upgrade and $150 price target signal renewed Wall Street conviction after the recent pullback. Palantir upgraded to ‘Buy’ by UBS on strong AI and data demand
• Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $150 target, joining UBS and creating two fresh buy calls that have supported the rally. Rosenblatt Coverage
• Positive Sentiment: Nvidia CEO Jensen Huang’s bullish comments about the AI cycle lifted sentiment across AI names — investors view this as validation of Palantir’s TAM and AIP opportunity (helps cohort momentum). Palantir Stock Investors Just Got Spectacular News from Nvidia CEO Jensen Huang
• Positive Sentiment: Commercial traction and partnerships — Palantir’s deal with Rackspace to speed enterprise AI deployments and customer rollouts (e.g., OneMedNet’s Foundry rollout) point to expanding go‑to‑market and recurring revenue potential. Palantir AI partnerships and Rackspace
• Neutral Sentiment: Analyst debate and comparisons — coverage from TipRanks and InvestorPlace frames PLTR versus other AI leaders (NVDA) and questions whether the new AI Platform (AIP) will scale into high‑margin, repeatable enterprise deals. These pieces fuel both buy and cautious seller arguments. NVDA vs. PLTR analysis
• Neutral Sentiment: Valuation debate persists — several writeups note Q4 outperformance (strong revenue growth) but warn PLTR trades at a premium and needs execution to justify multiples; this keeps volatility high. Can Palantir justify a premium price?
• Negative Sentiment: Large insider selling — multiple filings show insider sales totaling well over $100M recently, which investors view as a headwind and a token of caution from insiders. Insider Selling: Palantir Insider Sells $65.9M

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price objective for the company in a research note on Wednesday, February 18th. Jefferies Financial Group set a $208.00 price target on shares of Palantir Technologies in a research note on Thursday, January 22nd. Argus upgraded Palantir Technologies to a “hold” rating in a report on Monday, February 9th. CICC Research lifted their target price on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.96.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.