Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at $50,497.60. The trade was a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Stephen Andrew Cohen also recently made the following trade(s):
- On Wednesday, March 12th, Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00.
Palantir Technologies Stock Performance
Shares of PLTR opened at $86.24 on Friday. The company has a market capitalization of $202.26 billion, a P/E ratio of 453.92, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The stock has a 50-day moving average price of $87.83 and a 200 day moving average price of $64.98.
Institutional Trading of Palantir Technologies
Analyst Ratings Changes
A number of research firms have issued reports on PLTR. Baird R W raised Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Royal Bank of Canada boosted their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Wedbush reissued an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a research report on Monday, March 3rd. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Finally, William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $74.45.
Get Our Latest Report on Palantir Technologies
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.
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