Reported 2 days ago
Palantir CEO Alex Karp recently sold over $60 million worth of shares, sparking concerns among investors. The sale, driven by tax obligations related to his compensation, comes after Palantir's extraordinary stock growth of 2,350% since early 2023, and its record revenue of $1 billion in Q2. While Karp retains ownership of over 6.43 million shares worth more than $1 billion, the market is questioning whether to follow his lead in selling or continuing to invest amid high valuations.
Source: YAHOO