Palantir Technologies Inc. (NYSE:PLTR – Get Rating) insider Stephen Andrew Cohen sold 79,761 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $7.25, for a total value of $578,267.25. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $4,292. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $1,000,788.60.
Palantir Technologies Price Performance
Palantir Technologies stock opened at $7.37 on Friday. The stock’s 50 day moving average is $7.96 and its 200 day moving average is $8.53. The firm has a market cap of $15.33 billion, a P/E ratio of -26.32 and a beta of 3.10. Palantir Technologies Inc. has a one year low of $6.44 and a one year high of $21.40.
Hedge Funds Weigh In On Palantir Technologies
Wall Street Analysts Forecast Growth
PLTR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Palantir Technologies from $8.00 to $7.00 in a research report on Tuesday, November 8th. Credit Suisse Group decreased their target price on Palantir Technologies to $11.00 in a research report on Monday, August 15th. Raymond James decreased their target price on Palantir Technologies from $20.00 to $15.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 8th. Royal Bank of Canada decreased their target price on Palantir Technologies from $6.00 to $5.00 and set an “underperform” rating on the stock in a research report on Monday, November 7th. Finally, The Goldman Sachs Group decreased their target price on Palantir Technologies to $9.00 in a research report on Tuesday, November 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus target price 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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