Palantir Insider Trading Revealed: Ken Griffin Sells 91% of His PLTR Stake
Palantir Insider Trading Analysis
Artificial intelligence — with its potential to revolutionize entire industries, has been one of the hottest market segments of the past two years. Focusing on Palantir (NASDAQ: PLTR), the leading data analytics business, we observe a sharp, sudden move after an especially strong Q3 2024 earnings call.
Market Performance Overview
Palantir stock has experienced a stunning 298.37% rise year-to-date, outperforming Nvidia, which is up 180.96% in the same period. While institutional investors were once skeptical, recent stellar performance has attracted more interest — but Ken Griffin's massive reduction raises eyebrows.
Ken Griffin's Stock Sale
- As of June 30, Citadel LLC held 5,680,767 shares of Palantir.
- By November 14, this stake was reduced to only 508,086 shares, reflecting a notable 91% decrease.
Implications for Investors
The massive sell-off could signal concern among hedge funds. However, with Citadel increasing its call options on PLTR by 30%, the overall sentiment may not be as negative as it seems. Investors should monitor Palantir's performance closely.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.