Thoughts on Palantir

January 9th, 2024

So, $Palantir (PLTR.US)$ isn’t off to a great start this year. The stock was at $85 per share at the end of last year, but now it’s dropped to $68. And on top of that, Morgan Stanley just downgraded it to “underweight” with a $60 price target. They’re basically saying the rally’s run out of steam.

Now, here’s the kicker: there’s some insider selling happening. A director sold 800 shares at $76.29, which is about $61,000. Not a huge deal since it’s only a 1% reduction in her position, but then there’s Ryan D. Taylor. He sold 483,000 shares, worth around $36 million. That’s insane

This selling pressure, combined with the downgrade, is why the stock has been struggling over the past couple of days.

What Does This Mean?

The combination of a bearish outlook from analysts and significant insider selling could indicate concerns about the company’s growth prospects. For you and me, this may signal a time to reassess the stock or wait for more clarity in Palantir’s next moves.

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101885041 : time to buy more

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Raskuty : not bad to buy if really wants to get better average cost price on your fund invested.

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Far Out : Moomoo evaluation of PLTR fair value is $21. all my PLTR positions hit the stop already, you are absolutely right. We should wait to see what happens. on Friday, Im planning to enter an option trade with put spread 0DTE with PLTR see what happens. cheers

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Christofer Alex

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