Palantir Technologies (NASDAQ:PLTR) Insider Stephen Andrew Cohen Sells 39,136 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Stephen Andrew Cohen sold 39,136 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $6,115,000.00. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at approximately $92,500. The trade was a 98.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, November 20th, Stephen Andrew Cohen sold 308,635 shares of Palantir Technologies stock. The shares were sold at an average price of $163.99, for a total value of $50,613,053.65.

Palantir Technologies Trading Up 4.8%

Shares of NASDAQ:PLTR traded up $7.40 during trading on Monday, hitting $162.25. 57,599,565 shares of the company were exchanged, compared to its average volume of 64,838,592. The firm has a fifty day moving average price of $180.17 and a two-hundred day moving average price of $158.83. The stock has a market cap of $386.71 billion, a price-to-earnings ratio of 386.32, a P/E/G ratio of 6.00 and a beta of 2.63. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLTR shares. Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Northland Securities upped their target price on Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Piper Sandler raised their target price on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, DA Davidson boosted their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Hedge Funds Weigh In On Palantir Technologies

Several large investors have recently modified their holdings of PLTR. Norges Bank bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $3,307,457,000. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies in the second quarter valued at about $2,543,888,000. Vanguard Group Inc. boosted its holdings in Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock valued at $39,017,133,000 after acquiring an additional 8,168,604 shares during the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Palantir Technologies during the 1st quarter worth approximately $520,232,000. Institutional investors own 45.65% of the company’s stock.

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.