Palantir CEO and Executives Sell Over $50 Million in Stock Amid Price Surge

Published 5 hours agoPLTR

Palantir CEO and Executives Sell Over $50 Million in Stock Amid Price Surge

In a significant move amid rising stock prices, Palantir Technologies' CEO Alex Karp has sold over $50 million worth of company stock, with plans to sell more. According to the Financial Times, since early 2024, Karp has offloaded about $1.9 billion in shares, making him a leading figure among U.S. tech executives selling their company's stock. Karp also plans to sell an additional 10 million shares, estimated at $800 million, by September 2025.

Supporting these insider sales, other executives at Palantir have also been selling large quantities of stock. Stephen Cohen, the company's President and Co-founder, sold 4.06 million shares totaling approximately $328 million in mid-March 2025. Meanwhile, Chief Financial Officer David Glazer sold 96,273 shares worth about $7 million, and Chief Revenue Officer and Chief Legal Officer Ryan Taylor sold 483,987 shares for around $36 million, both on January 2, 2025.

These sell-offs have drawn attention, particularly from those like investor Jim Chanos, who criticized the management's actions while the stock has experienced a significant surge. Palantir's stock price has tripled over the past year, climbing to $61 per share and boosting the company's valuation to nearly $140 billion. This insider selling has raised questions about executive confidence in the company's future amid its soaring market performance.

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