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.