Palantir Technologies Inc. (NASDAQ:PLTR) Insider Stephen Andrew Cohen Sells 1,250,000 Shares of Stock

Palantir Technologies Inc. (NASDAQ:PLTR) insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now owns 592 shares in the company, valued at $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Stephen Andrew Cohen also recently made the following trade(s):

• On Friday, March 14th, Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock. The shares were sold at an average price of $85.30, for a total transaction of $106,625,000.00.

Palantir Technologies Stock Performance

PLTR stock opened at $86.24 on Friday. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The firm’s fifty day moving average is $87.83 and its 200 day moving average is $64.98. The firm has a market cap 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.

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Loop Capital lowered their target price on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday. William Blair set a $84.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 5th. DA Davidson increased their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $120.00 target price on shares of Palantir Technologies in a research note on Monday, March 3rd. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.45.

Hedge Funds Weigh In On Palantir Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Palantir Technologies during the 4th quarter valued at $50,486,000. Alpha Wealth Funds LLC bought a new stake in Palantir Technologies in the 4th quarter worth $1,118,000. Copia Wealth Management bought a new stake in Palantir Technologies in the 4th quarter worth $46,000. IronOak Wealth LLC. bought a new stake in Palantir Technologies in the 4th quarter worth $2,024,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Palantir Technologies in the 4th quarter worth $251,000. Institutional investors own 45.65% of the company’s stock.

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.