Palantir’s President Stephen Cohen Sells $26.99 Million in Stock

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Palantir’s President Stephen Cohen Sells $26.99 Million in Stock

Investing.com03-20

Stephen Andrew Cohen, President and Secretary of Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), recently executed a series of stock transactions involving the company’s Class A common stock. ...

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Ahlec
·03-20
Sell sell sell
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(NYSE:NASDAQ:PLTR), recently executed a series of stock transactions involving the company’s Class A common stock. ...</p>\n\n<a href=\"https://www.investing.com/news/insider-trading-news/palantir-technologies-president-stephen-cohen-sells-2699-million-in-stock-93CH-3938248\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTR","symbol_name":"Palantir Technologies Inc.","start_time":0,"source_url":"https://www.investing.com/news/insider-trading-news/palantir-technologies-president-stephen-cohen-sells-2699-million-in-stock-93CH-3938248","article_id":"1111158884","we_media_id":null,"thumbnails":[],"rights":{"source":"investingArticles_highlight","url":"https://www.investing.com/news/insider-trading-news/palantir-technologies-president-stephen-cohen-sells-2699-million-in-stock-93CH-3938248","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1111158884","pubTimestamp":1742452200,"columns":[],"sourceInfo":{"source_id":"investingArticles_highlight","name":"Investing.com"},"weMediaInfo":null,"summary":"Stephen Andrew Cohen, President and Secretary of Palantir Technologies Inc . 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The transaction comes as Palantir, now valued at over $200 billion, trades near $86 per share, having delivered an impressive 250% return over the past year.The sales were conducted in multiple transactions at prices ranging from $85.18 to $88.63 per share. Following these transactions, Cohen retains ownership of 592 shares of Class A common stock.These transactions were part of a preexisting Rule 10b5-1 trading plan, which Cohen entered into on December 11, 2024. As part of this plan, Cohen exercised 310,000 vested Class B common stock options, converted them to Class A common stock, and subsequently sold them in the open market.Palantir Technologies, headquartered in Denver, specializes in providing data analytics and software solutions. The company’s stock has been a subject of interest for investors, given its significant role in the tech industry and impressive financial metrics, including an 80% gross profit margin and 29% revenue growth. 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(NYSE:NASDAQ:PLTR), recently executed a series of stock transactions involving the company’s Class A common stock. ...</p>\n\n<a href=\"https://www.investing.com/news/insider-trading-news/palantir-technologies-president-stephen-cohen-sells-2699-million-in-stock-93CH-3938248\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://www.investing.com/news/insider-trading-news/palantir-technologies-president-stephen-cohen-sells-2699-million-in-stock-93CH-3938248","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111158884","content_text":"Stephen Andrew Cohen, President and Secretary of Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), recently executed a series of stock transactions involving the company’s Class A common stock. According to a recent SEC filing, Cohen sold shares worth approximately $26.99 million on March 17. The transaction comes as Palantir, now valued at over $200 billion, trades near $86 per share, having delivered an impressive 250% return over the past year.The sales were conducted in multiple transactions at prices ranging from $85.18 to $88.63 per share. Following these transactions, Cohen retains ownership of 592 shares of Class A common stock.These transactions were part of a preexisting Rule 10b5-1 trading plan, which Cohen entered into on December 11, 2024. As part of this plan, Cohen exercised 310,000 vested Class B common stock options, converted them to Class A common stock, and subsequently sold them in the open market.Palantir Technologies, headquartered in Denver, specializes in providing data analytics and software solutions. The company’s stock has been a subject of interest for investors, given its significant role in the tech industry and impressive financial metrics, including an 80% gross profit margin and 29% revenue growth. InvestingPro subscribers have access to 18 additional key insights and a comprehensive Pro Research Report, offering deeper analysis of Palantir’s valuation and growth prospects.In other recent news, Palantir Technologies Inc. has made significant strides in its business endeavors. The company recently announced a partnership with Databricks to integrate their AI platforms, a move that could enhance data analytics capabilities for joint customers like BP (NYSE:BP) and AT&T. In the healthcare sector, Palantir has teamed up with R1 to establish an AI lab called R37, designed to streamline financial operations in healthcare by automating revenue cycle processes. Additionally, Palantir has secured six new clients for its Warp Speed software, which aims to improve manufacturing and fleet management across various industries.Analyst activity around Palantir includes Loop Capital Markets adjusting its price target for the company to $125 from $141, maintaining a Buy rating due to Palantir’s potential in the enterprise AI space. Meanwhile, William Blair reiterated a Market Perform rating, noting Palantir’s strategic partnerships and customer acquisitions as positive indicators. The company’s upcoming AIPCon event will showcase new and existing customers, including high-profile names such as Heineken (AS:HEIN) and Walgreens, emphasizing Palantir’s expanding client base.These developments highlight Palantir’s ongoing efforts to innovate and expand its reach in various sectors, leveraging its AI capabilities to meet industry demands.","news_type":1,"symbols_score_info":{"PLTR":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":10,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}