Palantir Technologies Inc. (NYSE:PLTR – Get Rating) insider Stephen Andrew Cohen sold 139,580 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $7.17, for a total value of $1,000,788.60. Following the transaction, the insider now owns 592 shares in the company, valued at $4,244.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Stephen Andrew Cohen also recently made the following trade(s):
- On Wednesday, November 23rd, Stephen Andrew Cohen sold 79,761 shares of Palantir Technologies stock. The stock was sold at an average price of $7.25, for a total value of $578,267.25.
Palantir Technologies Price Performance
Shares of PLTR stock opened at $7.37 on Friday. Palantir Technologies Inc. has a 1-year low of $6.44 and a 1-year high of $21.40. The stock’s fifty day moving average price is $7.96 and its 200 day moving average price is $8.53. The company has a market cap of $15.33 billion, a price-to-earnings ratio of -26.32 and a beta of 3.10.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
PLTR has been the topic of several research reports. Raymond James reduced their price objective on Palantir Technologies from $20.00 to $15.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Palantir Technologies from $8.00 to $7.00 in a report on Tuesday, November 8th. Citigroup reduced their price objective on Palantir Technologies from $6.00 to $5.00 and set a “sell” rating on the stock in a report on Friday, November 11th. Credit Suisse Group cut their price target on Palantir Technologies to $11.00 in a report on Monday, August 15th. Finally, Morgan Stanley cut their price target on Palantir Technologies from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, October 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $12.00.
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. 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.
- Get a free copy of the StockNews.com research report on Palantir Technologies (PLTR)
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