CEO's stock sale suggests Palantir's evaluation risks and future.

November 25, 2024 (excerpt)

Over a three-day period from November 20 to 22, Alexander C. Karp, CEO of Palantir Technologies, sold approximately 2.27 million shares, totaling over $1.057 billion. These trades, based on a pre-scheduled plan, have raised questions among investors about the company's valuation and growth prospects in the stock market.
Simultaneously, factors such as increased demand for AI, government contracts, and inclusion in the S&P 500 have pushed up stock prices, showing a more than fourfold surge since the beginning of the year. However, concerns are growing that the market capitalization of $150 billion is excessive. Attention is increasingly focused on the impact of increased stock sales and the expansion of the proportion of institutional investors on the market, as well as on future sustainability.
Among these, Palantir is wavering between caution about its valuation and optimistic growth expectations, drawing harsh scrutiny from investors and analysts.