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% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,689,844 shares of the company’s stock after purchasing an additional 909,866 shares during the period. American Century Companies Inc. owned about 0.11% of Palantir Technologies worth $490,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Portfolios Group Inc. grew its holdings in shares of Palantir Technologies by 37.9% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 766,761 shares of the company’s stock valued at $139,873,000 after acquiring an additional 210,633 shares in the last quarter. Seven Springs Wealth Group LLC bought a new stake in Palantir Technologies during the third quarter worth about $210,000. Huntington National Bank raised its holdings in Palantir Technologies by 648.0% during the third quarter. Huntington National Bank now owns 399,195 shares of the company’s stock worth $72,821,000 after acquiring an additional 345,830 shares in the last quarter. Anfield Capital Management LLC boosted its position in Palantir Technologies by 11,017.1% during the third quarter. Anfield Capital Management LLC now owns 13,007 shares of the company’s stock valued at $2,373,000 after purchasing an additional 12,890 shares during the last quarter. Finally, Abacus Wealth Partners LLC grew its stake in Palantir Technologies by 18.4% in the third quarter. Abacus Wealth Partners LLC now owns 2,303 shares of the company’s stock valued at $420,000 after purchasing an additional 358 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Palantir Technologies

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

Palantir Technologies Price Performance

PLTR stock opened at $137.19 on Friday. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52. The stock 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. The business’s fifty day moving average price is $159.67 and its two-hundred day moving average price is $169.94.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $22,465,494.88. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $85,953,343.92. This trade represents a 20.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 17,438 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the transaction, the insider owned 392,370 shares of the company’s stock, valued at $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,054,279 shares of company stock valued at $142,212,233 over the last 90 days. 9.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLTR. Royal Bank Of Canada upped their price objective on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. UBS Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $180.00 to $150.00 in a report on Thursday. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Robert W. Baird upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Tuesday, February 3rd. Finally, DA Davidson lowered their price objective on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.96.

About Palantir Technologies

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.