Palantir Technologies Inc. (NYSE:PLTR) Insider Stephen Andrew Cohen Sells 79,761 Shares

Palantir Technologies Inc. (NYSE:PLTRGet Rating) insider Stephen Andrew Cohen sold 79,761 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $7.25, for a total transaction of $578,267.25. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $4,292. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, November 21st, Stephen Andrew Cohen sold 139,580 shares of Palantir Technologies stock. The shares were sold at an average price of $7.17, for a total transaction of $1,000,788.60.

Palantir Technologies Stock Up 2.1 %

NYSE:PLTR traded up $0.15 on Thursday, reaching $7.37. The stock had a trading volume of 24,182,861 shares, compared to its average volume of 40,922,944. The company has a market capitalization of $15.33 billion, a P/E ratio of -26.32 and a beta of 3.10. Palantir Technologies Inc. has a 1-year low of $6.44 and a 1-year high of $21.40. The stock has a fifty day moving average price of $7.96 and a 200-day moving average price of $8.53.

Analyst Ratings Changes

Several brokerages recently issued reports on PLTR. Citigroup lowered their price target on Palantir Technologies from $6.00 to $5.00 and set a “sell” rating on the stock in a research note on Friday, November 11th. Morgan Stanley lowered their price objective on Palantir Technologies from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 20th. Credit Suisse Group reduced their target price on Palantir Technologies to $11.00 in a research report on Monday, August 15th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Palantir Technologies from $8.00 to $7.00 in a report on Tuesday, November 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Palantir Technologies from $6.00 to $5.00 and set an “underperform” rating for the company in a report on Monday, November 7th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $12.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 22.4% during the first quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock worth $2,141,931,000 after purchasing an additional 28,563,749 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Palantir Technologies by 125.4% in the 2nd quarter. Renaissance Technologies LLC now owns 28,204,147 shares of the company’s stock worth $255,812,000 after purchasing an additional 15,689,300 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Palantir Technologies by 28,558.7% during the third quarter. Two Sigma Investments LP now owns 13,265,535 shares of the company’s stock worth $107,849,000 after purchasing an additional 13,219,247 shares during the period. Hyperion Asset Management Ltd bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $57,472,000. Finally, Woodline Partners LP acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $52,464,000. Institutional investors own 30.80% of the company’s stock.

About Palantir Technologies

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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

See Also

Insider Buying and Selling by Quarter for Palantir Technologies (NYSE:PLTR)

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