Skip to content

Monster insider trade alert for Palantir stock

Monster insider trade alert for Palantir stock
Elmaz Sabovic

Insider sales always draw the trading community’s attention, especially from higher-ranking officials, and Palantir (NYSE: PLTR) is one of the most heavily offloaded stocks in 2024.

In a significant sale, Co-Founder Peter Thiel sold shares worth over $272 million at an average price of $20.91 on May 10.

Thiel's sale of PLTR stock. Source: Yahoo Finance
Thiel’s sale of PLTR stock. Source: Yahoo Finance

This move marks the largest insider sale of PLTR stock in two years, with the second-largest also performed by Thiel, with over $174 million worth of shares sold on March 12.

Short-selling is not an excuse anymore for Alex Karp

Alex Karp, CEO of Palantir Technologies, recently attributed PLTR stock declines to short-sellers betting against its progress.

However, at the moment, the short interest compared to float is at a mere 4%, compared to higher levels above 10% in previous months.

Short interest of PLTR stock. Source: Fintel
Short interest of PLTR stock. Source: Fintel

Since August, Karp has sold 3,278,550 PLTR shares worth almost $70 million, leaving him with 6,432,258 shares valued at over $137 million at the current price of $21.44 per share. 

PLTR stock price chart

The recent trading session was positive for PLTR stock, which added 2.39% and lifted its valuation to $21.44, contrary to the decline of 0.65% in the previous five trading sessions.

On a larger scale, since 2024 started, PLTR shares have managed to add an impressive 29.31%.

PLTR stock YTD price chart. Source: Finbold
PLTR stock YTD price chart. Source: Finbold

Palantir’s recent earnings report revealed a notable contrast in growth between its commercial and government sectors. The former grew at 27% year over year, outpacing the latter’s 16% growth over the same period.

The company’s net income for the first quarter surged to $106 million, a significant jump from $19 million the previous year. 

Despite raising its revenue guidance for 2024 to a range between $2.68 billion and $2.69 billion, which exceeded earlier forecasts, investors expressed disappointment by causing a decline in the share price, evidently expecting even stronger figures.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts