Stephen Andrew Cohen, the President and Secretary of Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), executed significant stock transactions recently, according to a recent SEC filing. The sales come as Palantir, now valued at over $203 billion, trades near $86 per share. On March 12, 2025, Cohen sold shares of Class A Common Stock totaling approximately $103.4 million, with sale prices ranging from $80.63 to $84.10 per share. According to InvestingPro analysis, the stock appears overvalued at current levels, despite showing impressive gross profit margins of 80%.
The following day, March 13, 2025, Cohen continued with the sale of additional shares, totaling around $100.2 million, with prices ranging from $79.06 to $83.49 per share. On March 14, 2025, further sales were executed, amounting to approximately $106.6 million, with prices between $82.88 and $86.64 per share.
Cohen’s transactions were conducted under a preexisting Rule 10b5-1 trading plan, which was established on December 11, 2024. This plan allows insiders of publicly traded corporations to set up a trading plan for selling stocks they own by scheduling future stock trades.
In other recent news, Palantir Technologies has been actively expanding its partnerships and client base. The company announced a collaboration with R1 to create an AI lab, R37, aimed at automating healthcare revenue cycle management, which is expected to improve efficiency and financial operations in the healthcare sector. Additionally, Palantir has secured six new clients for its Warp Speed software, enhancing manufacturing and fleet management capabilities for companies such as Epirus and Red Cat. In another development, Ondas Holdings has partnered with Palantir to support its autonomous drone platforms, leveraging Palantir’s Foundry platform to enhance data integration and operational efficiency.
Palantir is also preparing for its upcoming AIPCon event, where it will showcase its software’s capabilities with new and existing customers, including Heineken (AS:HEIN) and Walgreens. Meanwhile, Loop Capital Markets has adjusted its price target for Palantir, lowering it to $125 but maintaining a Buy rating, reflecting confidence in the company’s strategic positioning in the enterprise AI space. These developments underscore Palantir’s ongoing efforts to expand its influence across various industries through strategic collaborations and software innovations.
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