Summary by Moomoo AI
Stephen Andrew Cohen, an insider at Palantir Technologies Inc., executed a series of stock transactions from 12/11/2024 to 12/13/2024. Cohen acquired and subsequently sold 1,316,053 shares of Class A Common Stock in multiple transactions over three days.The sales were conducted at prices ranging from $68.83 to $75.85 per share, generating total proceeds of approximately $95.8 million. The transactions were executed through open market or private sales. After these transactions, Cohen's direct ownership in Palantir was reduced to 592 shares.The pattern of acquiring and immediately disposing of shares suggests a possible exercise of stock options or vesting of restricted stock units, followed by sales. This significant insider selling activity may be of interest to Palantir investors, as it represents a substantial reduction in the insider's holdings.
