2024-03-22 09:00:00 ET
Artificial intelligence (AI) is one of the biggest investment themes today. Big data analytics company Palantir Technologies (NYSE: PLTR) has emerged as a frontrunner in the AI realm, fending off intense competition from big-tech stalwarts. Shares of Palantir have soared more than 200% over the last year.
However, just last week, one of Palantir's co-founders, Peter Thiel , sold a little over 7 million shares, for a total sum of $178 million. Given Palantir's rock-solid performance and strong outlook, should this be a cause for concern?
Below is a breakdown of the mechanics of insider sales and a closer look at Thiel's move.
For further details see:
Palantir Co-Founder Peter Thiel Just Sold 7 Million Shares. Here's What Investors Should Know.