Insider Trades and New Ventures: Key Moves by Palantir, Block, Vertiv, Nike, and Sony
Thursday, Sep 5, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed one insider transaction on September 3, 2024; executive Planishek Heather A. sold 14,000 shares on August 29, 2024. On August 22, 2024, Palantir disclosed 22 insider transactions; director Karp Alexander C. sold 535,100 shares. Northland Capital Markets initiated Palantir's coverage with a Market Perform rating and a $35.00 price target.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block posted $121.13 billion in revenue for the first half of 2024, up 15.08% year-over-year, with a net income of $6.61 billion as of June 30. UBS maintains a buy rating on Block, setting a $92.00 target price, and disclosed internal trades on August 23.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, with executive Karsten Winther purchasing 30,200 shares on September 3. Additionally, on August 23, the company disclosed another insider transaction with executive Cheryl H. J. Lim selling 2,914 shares on August 22.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike's revenue and performance in the textile manufacturing sector showed significant growth in the first half of 2024, driven by higher capacity utilization and improved gross margins.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's new release "Astro Bot: Rescue Mission" scored 94 on Metacritic, with only positive reviews from 84 critics. CEO Hiroki Totoki acknowledges a lack of original IP. The costly game "StarStrike" ceased operations shortly after launch, marking a significant financial loss. Sony secured exclusive marketing rights for "GTA6."
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed one insider transaction on September 3, 2024; executive Planishek Heather A. sold 14,000 shares on August 29, 2024. On August 22, 2024, Palantir disclosed 22 insider transactions; director Karp Alexander C. sold 535,100 shares. Northland Capital Markets initiated Palantir's coverage with a Market Perform rating and a $35.00 price target.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block posted $121.13 billion in revenue for the first half of 2024, up 15.08% year-over-year, with a net income of $6.61 billion as of June 30. UBS maintains a buy rating on Block, setting a $92.00 target price, and disclosed internal trades on August 23.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, with executive Karsten Winther purchasing 30,200 shares on September 3. Additionally, on August 23, the company disclosed another insider transaction with executive Cheryl H. J. Lim selling 2,914 shares on August 22.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike's revenue and performance in the textile manufacturing sector showed significant growth in the first half of 2024, driven by higher capacity utilization and improved gross margins.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's new release "Astro Bot: Rescue Mission" scored 94 on Metacritic, with only positive reviews from 84 critics. CEO Hiroki Totoki acknowledges a lack of original IP. The costly game "StarStrike" ceased operations shortly after launch, marking a significant financial loss. Sony secured exclusive marketing rights for "GTA6."
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