Bank of Nova Scotia Sells 94,022 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Bank of Nova Scotia trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 25.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 270,433 shares of the company’s stock after selling 94,022 shares during the period. Bank of Nova Scotia’s holdings in Palantir Technologies were worth $20,453,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PLTR. Geode Capital Management LLC lifted its position in Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock valued at $3,929,401,000 after acquiring an additional 4,127,306 shares during the last quarter. Norges Bank purchased a new position in Palantir Technologies during the fourth quarter valued at $1,360,191,000. FMR LLC lifted its holdings in Palantir Technologies by 22.6% during the fourth quarter. FMR LLC now owns 15,296,371 shares of the company’s stock valued at $1,156,864,000 after purchasing an additional 2,818,090 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after buying an additional 3,509,311 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Palantir Technologies by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company’s stock worth $986,431,000 after buying an additional 655,815 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PLTR shares. Loop Capital restated a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Bank of America lifted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Robert W. Baird lifted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.19.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now directly owns 184,617 shares of the company’s stock, valued at $15,993,370.71. The trade was a 3.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,989,975 shares of company stock worth $253,328,090. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 19.0 %

Shares of NASDAQ:PLTR opened at $92.01 on Thursday. The company has a market capitalization of $215.80 billion, a PE ratio of 484.29, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The firm has a 50 day simple moving average of $93.02 and a 200-day simple moving average of $72.30.

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.