Charles Schwab Investment Management Inc. Has $986.43 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Charles Schwab Investment Management Inc. grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,042,855 shares of the company’s stock after purchasing an additional 655,815 shares during the period. Charles Schwab Investment Management Inc. owned about 0.57% of Palantir Technologies worth $986,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTR. US Bancorp DE grew its position in Palantir Technologies by 8.9% in the 3rd quarter. US Bancorp DE now owns 210,853 shares of the company’s stock worth $7,844,000 after purchasing an additional 17,284 shares during the last quarter. Focus Financial Network Inc. acquired a new stake in Palantir Technologies in the 3rd quarter worth $268,000. Farther Finance Advisors LLC grew its position in Palantir Technologies by 13.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock worth $476,000 after purchasing an additional 1,514 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Palantir Technologies by 26.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 15,273 shares of the company’s stock worth $568,000 after acquiring an additional 3,185 shares during the period. Finally, Optas LLC bought a new position in shares of Palantir Technologies during the 3rd quarter worth about $312,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 10,721 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the sale, the director now owns 100,923 shares in the company, valued at $7,748,867.94. The trade was a 9.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,439,783 shares of company stock worth $107,497,043 in the last quarter. 12.93% of the stock is owned by company insiders.

Palantir Technologies Trading Down 1.8 %

Shares of NASDAQ PLTR opened at $83.42 on Tuesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a market cap of $190.03 billion, a PE ratio of 439.08, a P/E/G ratio of 10.84 and a beta of 2.81. The company has a 50-day moving average of $87.14 and a two-hundred day moving average of $62.23.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLTR. Jefferies Financial Group raised their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Bank of America raised their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Finally, DA Davidson lifted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $74.79.

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.