Palantir Technologies Inc. $PLTR Shares Sold by Freedom Investment Management Inc.

Key Points

• Freedom Investment Management Inc. has decreased its holdings in Palantir Technologies by 9.6%, selling 2,341 shares during the 1st quarter, now owning 22,029 shares valued at approximately $1,859,000.
• Insider Stephen Andrew Cohen sold 191,720 shares for over $29 million, significantly reducing his position by 99.69%, while insider Shyam Sankar sold 405,000 shares worth around $53.5 million.
• Analysts have set a new consensus rating of Hold for Palantir Technologies with an average price target of $136.61, although ratings vary significantly among different firms.

Freedom Investment Management Inc. decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,029 shares of the company's stock after selling 2,341 shares during the period. Freedom Investment Management Inc.'s holdings in Palantir Technologies were worth $1,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mechanics Financial Corp acquired a new position in Palantir Technologies during the 1st quarter worth approximately $25,000. Richardson Capital Management LLC acquired a new position in Palantir Technologies during the 1st quarter worth approximately $33,000. Cornerstone Planning Group LLC grew its holdings in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after acquiring an additional 185 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after acquiring an additional 125 shares during the period. Finally, Capital Analysts LLC grew its holdings in shares of Palantir Technologies by 97.1% in the 1st quarter. Capital Analysts LLC now owns 406 shares of the company's stock worth $34,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the transaction, the insider owned 592 shares of the company's stock, valued at $89,611.04. This represents a 99.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,906,783 shares of company stock worth $282,471,442. 9.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLTR. Loop Capital upped their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and upped their price target for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Royal Bank Of Canada upped their price target on Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Cantor Fitzgerald upped their price target on Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $136.61.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $158.74 on Friday. The business's fifty day moving average price is $153.61 and its two-hundred day moving average price is $121.91. The stock has a market cap of $376.59 billion, a PE ratio of 529.15, a price-to-earnings-growth ratio of 8.95 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.

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