Over $200 Million Palantir Stock Sold in Insider Trades
Thursday, 14 March 2024, 12:43
Insider Trades at Palantir
Insider trades always draw attention, especially when involving renowned firms like Palantir (NYSE: PLTR). Prominent insiders, including Peter Thiel and Alex Karp, have sold over $200 million worth of PLTR shares in recent months.
Key Highlights
- Peter Thiel sold over 7 million shares worth $174 million.
- Alex Karp attributed stock declines to short-sellers but also sold shares.
- Karp reduced his PLTR holdings by more than 33% since August.
Conclusion: Despite insider sales, Palantir stock remains resilient, with potential growth prospects ahead due to new contracts and positive performance indicators.
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.