Palantir Technologies Inc. is a leading American software company specializing in data analytics and artificial intelligence solutions for both government and commercial sectors.
Palantir Technologies Inc. went public in September 2020 via a direct listing on the New York Stock Exchange (NYSE). Since then, its stock has experienced significant fluctuations, largely driven by its government contracts, AI advancements, and investor sentiment around big data and analytics.
As of March 17, 2025, Palantir’s stock is trading at approximately $85.66 per share. The stock has experienced significant fluctuations recently, reaching an all-time high of $125.41 on February 19, 2025, before declining by about 30% in the following weeks. After price reached an all-time high on February 19, 2025, price fell to a support level at $71.67. Price has bounced from the support level.
Co-founder Stephen Andrew Cohen sold some of his holdings, raising investor concerns about insider confidence. He sold 301,847 shares at $102.14 per share on February 21, 2025 amounting to $30.8 million. The previous day’s transactions included multiple sales totalling $38.4 million. And on March 12, 2025, Cohen sold 1,250,000 shares at an average price of $82.75, totalling approximately $103.4 million.
Following the March 12 sale, Cohen’s direct ownership decreased to 592 shares, indicating he has sold nearly all his holdings in Palantir. Palantir’s collaboration with Databricks, backed by Nvidia, aims to enhance AI capabilities, potentially expanding its market share in various industries. We are projecting price could rally to $110 from the current price of $85.62 as the 4hr chart shows price being oversold.
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