Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This trade represents a 99.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $85.30, for a total transaction of $106,625,000.00.
Palantir Technologies Stock Up 8.3 %
Shares of PLTR stock opened at $86.24 on Friday. The company has a 50 day moving average price of $87.83 and a 200-day moving average price of $64.98. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The firm has a market capitalization of $202.26 billion, a PE ratio of 453.92, a P/E/G ratio of 10.84 and a beta of 2.81.
Wall Street Analysts Forecast Growth
PLTR has been the subject of several research analyst reports. Robert W. Baird raised their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Northland Securities lifted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, February 4th. Bank of America lifted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. UBS Group lifted their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $74.45.
Read Our Latest Analysis on PLTR
Institutional Trading of Palantir Technologies
Large investors have recently added to or reduced their stakes in the business. Mather Group LLC. grew its position in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after buying an additional 448 shares during the period. Charles Schwab Investment Management Inc. grew its position in Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock valued at $460,798,000 after buying an additional 4,667,955 shares during the period. Diversify Wealth Management LLC bought a new stake in Palantir Technologies during the fourth quarter valued at approximately $876,000. Destiny Wealth Partners LLC bought a new stake in Palantir Technologies during the fourth quarter valued at approximately $3,233,000. Finally, Coldstream Capital Management Inc. bought a new stake in Palantir Technologies during the third quarter valued at approximately $639,000. 45.65% of the stock is currently owned by institutional investors.
Palantir Technologies Company Profile
(
Get Free Report)
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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