Insider Transactions and Strategic Moves Define Tech Giants Week

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed 22 insider transactions on August 22, 2024, including Director Alexander C. Karp's sale of 535,100 shares. Northland Capital Markets initiated coverage on Palantir with a market perform rating and a $35.00 price target.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. UBS maintains a Buy rating on Block with a target price of $92.00. Block's 2024 mid-year report shows revenue of $12.13 billion, up 15.08% YoY, and net profit of $661 million. On August 23, Block disclosed seven insider transactions.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported an operating income of $35.92 billion as of June 30, 2024. On August 23, Vertiv disclosed insider transactions, with executive Cheryl Lim selling 2,914 shares. Evercore ISI and Mizuho upgraded Vertiv Holdings to Outperform, setting the latest price targets at $105 and $92 respectively.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike announced a multi-year partnership with LEGO Group, aiming to combine LEGO's creativity with Nike's "Just Do It" ethos. Stifel and Piper Sandler maintain a Hold/Neutral rating on Nike, following the company's fiscal 2024 report showing revenue of $51.36 billion and net income of $5.7 billion.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Interactive Entertainment announced a 19% price increase for PlayStation 5 in Japan, effective September 2, citing global economic fluctuations and cost changes.