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Palantir director Cohen sells $43.7 million in shares
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Palantir director Cohen sells $43.7 million in shares

#Palantir #Stephen Cohen #Insider Trading #Stock Sales #NASDAQ:PLTR #Market Capitalization #Stock Rating Upgrades #Technology Innovation Awards

📌 Key Takeaways

  • Palantir director Stephen Cohen sold $43.7 million in company shares
  • The sales occurred in multiple transactions between $132-$135 per share
  • Palantir stock has declined 27.5% year-to-date and appears overvalued
  • Despite insider sales, Palantir has received recent positive recognition and upgrades

📖 Full Retelling

Palantir Technologies Inc. (NASDAQ:PLTR) Director Stephen Andrew Cohen sold $43.7 million worth of the company's Class A Common Stock on February 20, 2026, in multiple transactions as the software company's shares have declined 27.5% year-to-date and appear overvalued based on market assessments. The sales occurred across five separate transactions with prices ranging from $132.0346 to $135.7252 per share. Cohen sold 32,376 shares at a weighted average price of $132.0346, followed by 100,910 shares at $132.862, 85,051 shares at $133.7565, 89,924 shares at $134.8296, and finally 18,827 shares at $135.7252. On the same day, Cohen also converted 327,088 shares of Class B Common Stock to Class A Common Stock, while 675,000 Restricted Stock Units were exercised into Class B Common Stock. At the time of the sales, Palantir shares were trading at $128.82 with a market capitalization of $308.7 billion. According to InvestingPro analysis, the stock appears overvalued based on its Fair Value assessment, with shares trading at a high P/E ratio of 203.8. Despite this insider sale, Palantir has received positive recognition recently, including 15 category awards at the Dresner Advisory Services 2025 Technology Innovation Awards and stock rating upgrades from both Mizuho to 'Outperform' and Freedom Capital Markets to 'Buy,' following the company's Q4 2025 results that surpassed management's guidance and analyst estimates.

🏷️ Themes

Insider Trading, Stock Market, Technology Companies, Financial Performance

📚 Related People & Topics

Insider trading

Insider trading

Trading using nonpublic information

# Insider Trading **Insider trading** is the trading of a public company's stock or other securities (such as bonds or stock options) based on **material, nonpublic information** about the company. While the practice is common, its legality is subject to complex regulations that vary significantly ...

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Palantir

American software and services company

Palantir Technologies Inc. is an American publicly traded company that develops data integration and analytics platforms enabling government agencies, militaries, and corporations to combine and analyze data from multiple sources. Its flagship products—Gotham (for intelligence and defense) and Found...

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Steven Cohen

Topics referred to by the same term

Steve, Steven or Stephen Cohen may refer to:

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Market capitalization

Market capitalization

Total value of a public company's outstanding shares

Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding.

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Entity Intersection Graph

Connections for Insider trading:

🌐 SEC filing 5 shared
👤 New York Stock Exchange 4 shared
👤 Rachel Haurwitz 3 shared
🌐 ZWS 2 shared
🌐 Biopharmaceutical 2 shared
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Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry AMD stock surges 14% on Meta AI partnership deal Bitcoin slips, wipes out 50% from October record high at session low Wall Street ends higher on tech rebound ahead of State of the Union address Software stocks rebound as Anthropic partnerships ease AI disruption fears (South Africa Philippines Nigeria) Palantir director Cohen sells $43.7 million in shares By Investing.com Insider Trading Published 02/24/2026, 08:16 PM Palantir director Cohen sells $43.7 million in shares 0 PLTR -1.36% Palantir Technologies Inc. (NASDAQ:PLTR) Director Stephen Andrew Cohen sold a total of $43.7 million in Class A Common Stock on February 20, 2026. The sales occurred in multiple transactions with prices ranging from $132.0346 to $135.7252. The director sold 32,376 shares at a weighted average price of $132.0346, 100,910 shares at a weighted average price of $132.862, 85,051 shares at a weighted average price of $133.7565, 89,924 shares at a weighted average price of $134.8296 and 18,827 shares at a weighted average price of $135.7252.The insider sale comes as Palantir shares have declined 27.5% year-to-date, trading at $128.82 with a market capitalization of $308.7 billion. According to InvestingPro analysis, the stock appears overvalued based on its Fair Value assessment, with shares trading at a high P/E ratio of 203.8. On the same day, Cohen also converted 327,088 shares of Class B Common Stock to Class A Common Stock. Additionally, 675,000 Restricted Stock Units were exercised into Class B Common Stock, and 327,088 shares of Class B Common Stock were converted to Class A Common Stock. In other recent news, Rackspace Technology announced a strategic partnership with Palantir Technologies to enhance the deployment of Palantir’s AI platforms. This collaboration aims to help enterprises implement AI solutions more rapidly, promising to reduce the deployment timeline from months or years to mere weeks. In related developments, Pa...
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