Freedom Investment Management Inc. Has $2.33 Million Holdings in Palantir Technologies Inc. $PLTR

Freedom Investment Management Inc. lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,108 shares of the company’s stock after selling 4,921 shares during the period. Freedom Investment Management Inc.’s holdings in Palantir Technologies were worth $2,332,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mechanics Financial Corp acquired a new position in Palantir Technologies in the first quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the second quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at $27,000. 1248 Management LLC acquired a new position in Palantir Technologies in the first quarter valued at $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in Palantir Technologies in the second quarter valued at $28,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 3.3%

PLTR opened at $175.49 on Thursday. Palantir Technologies Inc. has a 1-year low of $40.90 and a 1-year high of $190.00. The company has a market cap of $416.32 billion, a P/E ratio of 584.99, a price-to-earnings-growth ratio of 9.84 and a beta of 2.60. The company has a fifty day moving average price of $171.21 and a two-hundred day moving average price of $144.89.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $186.39, for a total value of $149,112.00. Following the sale, the director owned 62,087 shares in the company, valued at $11,572,395.93. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the sale, the insider owned 307,470 shares in the company, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,750 shares of company stock worth $239,713,896 over the last ninety days. Insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLTR shares. Citigroup restated a “neutral” rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the company a “neutral” rating in a report on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Finally, Mizuho set a $165.00 price target on shares of Palantir Technologies in a research note on Monday, September 15th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.28.

Palantir Technologies Company 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.