As Palantir (NASDAQ: PLTR) trades at new highs, insiders are cashing in, most recently, director Alexander Moore.
Specifically, on June 6, 2025, Moore sold 80,000 shares of Palantir’s Class A stock for about $9.6 million at an average price of $119.91 per share, according to SEC filings.
The shares, sold through JP Morgan Securities, were acquired via stock option exercises and restricted stock vesting.
This wasn’t Moore’s first move this year. On April 1, he sold 20,000 shares between $82.73 and $85.19, totaling about $1.68 million.
Both sales were executed under a Rule 10b5-1 trading plan Moore adopted on November 22, 2024. These plans allow insiders to schedule trades in advance to avoid accusations of trading on non-public information.
It’s worth noting that insider selling at Palantir has picked up notably in recent months. As reported by Finbold on May 26, executives offloaded over $124 million worth of stock in just two days.
Specifically, CEO Alex Karp led the way with $50 million, followed by COO Shyam Sankar at $21 million, CFO David Glazer at $8 million, and EVP Andrew Stephen at $43 million.
Implications of PLTR stock’s insider sales
While legal, the timing of these sales cannot go unnoticed. The company is trading near all-time highs, bolstered by a wave of government contracts and its growing role in artificial intelligence (AI). Still, some analysts see the selling as a possible red flag for insider confidence.
Beyond insider activity, valuation concerns linger about Palntir’s impressive momentum. To this end, Wall Street remains cautious, with some arguing that Palantir is overvalued and vulnerable to a correction if it falls short of growth expectations.
Even so, investor sentiment remains strong. Shares closed at $127.72 in the last session, up 6.5%, and have gained 70% year-to-date.
With momentum and fundamentals aligning, some analysts now see $200 as the next stop for Palantir stock, terming it a conservative estimate.
Featured image via Shutterstock
