Palantir Technologies Inc. (NYSE:PLTR) insider Stephen Andrew Cohen sold 300,000 shares of the stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $30.03, for a total transaction of $9,009,000.00. Following the sale, the insider now directly owns 2,203,647 shares of the company’s stock, valued at approximately $66,175,519.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of PLTR stock opened at $28.00 on Tuesday. The company’s fifty day simple moving average is $30.01. Palantir Technologies Inc. has a 12 month low of $8.90 and a 12 month high of $45.00.
A number of equities research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Palantir Technologies from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, February 17th. They noted that the move was a valuation call. William Blair cut shares of Palantir Technologies from a “market perform” rating to an “underperform” rating in a research report on Tuesday, February 16th. Royal Bank of Canada boosted their price objective on Palantir Technologies from $15.00 to $27.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 17th. They noted that the move was a valuation call. Citigroup downgraded Palantir Technologies from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $10.00 to $15.00 in a report on Wednesday, January 13th. Finally, Jefferies Financial Group increased their price target on Palantir Technologies from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.14.
About Palantir Technologies
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. It offers Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, 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.
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