Palantir Technologies ($PLTR) Insider Selling Surges
Palantir Technologies Inc. ($PLTR) has been witnessing an active insider trading market, with company executives engaging in substantial stock sales. Most recently, Stephen Andrew Cohen, a key executive, sold 190,809 shares on March 12, 2025, totaling an estimated $15.54 million. This transaction accounted for 16.7% of his holdings, leaving him with 952,199 shares of the company’s stock.
Over the last six months, $PLTR insiders have conducted 267 open market transactions, all of which were sales, with zero insider purchases during this period. This selling trend raises questions about insider confidence in the company’s short-term trajectory.
Key Insider Trading Activity in the Last Six Months
- Alexander C. Karp (CEO): Sold 37.16 million shares in 45 transactions, totaling $1.90 billion.
- Peter Thiel: Sold 28.59 million shares in 9 transactions, totaling $1.05 billion.
- Stephen Andrew Cohen: Sold 6.08 million shares in 53 transactions, totaling $496.91 million.
- Shyam Sankar: Sold 6.03 million shares in 46 transactions, totaling $440.20 million.
- Ryan D. Taylor: Sold 879,930 shares in 12 transactions, totaling $54.18 million.
- David A. Glazer: Sold 478,184 shares in 13 transactions, totaling $34.25 million.
- Heather A. Planishek: Sold 126,422 shares in 36 transactions, totaling $8.59 million.
- Alexander D. Moore: Sold 120,000 shares in 23 transactions, totaling $7.77 million.
- Lauren Elaina Friedman Stat: Sold 74,001 shares in 13 transactions, totaling $4.65 million.
- Alexandra W. Schiff: Sold 14,776 shares in 17 transactions, totaling $1.29 million.
Hedge Fund Activity: A Mixed Sentiment
Institutional investors have been actively adjusting their positions in $PLTR. While some firms increased their stakes, several large players reduced their holdings significantly.
Top Institutional Moves in Q4 2024
- Vanguard Group Inc.: Sold 22.60 million shares (-9.3%), valued at $1.71 billion.
- Renaissance Technologies LLC: Sold 15.63 million shares (-40.7%), valued at $1.18 billion.
- BlackRock, Inc.: Added 14.45 million shares (+9.2%), valued at $1.09 billion.
- D. E. Shaw & Co., Inc.: Sold 8.83 million shares (-81.5%), valued at $667.86 million.
- Norges Bank: Added 6.73 million shares (+59.8%), valued at $508.90 million.
- Morgan Stanley: Added 6.01 million shares (+26.3%), valued at $454.41 million.
- Goldman Sachs Group Inc.: Added 5.86 million shares (+89.4%), valued at $443.42 million.
Congressional Trading in $PLTR Stock
Interestingly, members of Congress have displayed a positive stance toward Palantir, making five purchases in the last six months, with zero sales.
Key Congressional Trades
- Rep. Julie Johnson: Purchased shares twice (02/12 and 01/15) worth up to $30,000.
- Rep. Marjorie Taylor Greene: Purchased up to $15,000 on 02/12.
- Rep. Gilbert Ray Cisneros, Jr.: Purchased up to $15,000 on 01/24.
- Rep. James Comer: Purchased up to $15,000 on 01/21.
Analyst Ratings for $PLTR
Wall Street analysts remain divided on $PLTR’s stock outlook:
- Bank of America Securities: Issued a “Buy” rating on 02/12/2025.
- Morgan Stanley: Issued a “Cautious” rating on 01/31/2025.
Final Thoughts
With significant insider selling, mixed hedge fund activity, and a bullish stance from Congress, Palantir Technologies remains a hot topic among investors. The stock’s trajectory will depend on upcoming earnings, AI-driven growth, and macroeconomic trends impacting institutional sentiment. Investors should continue monitoring insider transactions and institutional movements for further signals on Palantir’s long-term potential.
