Alexander Moore, a director at Palantir Technologies (PLTR), sold 20,000 shares of the company’s Class A common stock on August 1, raking in about $3.09 million. The transaction was carried out under a Rule 10b5-1 trading plan, adopted in November 2024. These pre-scheduled plans are often used by corporate insiders to sell shares at regular intervals, regardless of near-term developments at the company.
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It’s important to note that a corporate insider’s stock sale doesn’t always signal caution about the company’s future potential. They may sell shares for various reasons, including financial or personal obligations.
Insider Takes Profits as Palantir Rides AI Momentum
The sale comes as Palantir stock continues its steep climb, up 129% year-to-date. The shares have more than doubled so far this year, making Palantir one of the best-performing large-cap tech stocks in 2025. On Thursday, the stock surged nearly 7% after the company posted stronger-than-expected Q2 results. Revenue reached $1 billion for the first time, topping analyst estimates of $940 million, boosted by growing demand for its Artificial Intelligence Platform (AIP).
Palantir also raised its full-year 2025 revenue guidance to between $4.142 billion and $4.150 billion, up from a prior range of $3.89 billion to $3.90 billion. In a confident tone, CEO Alex Karp said the company is “just getting started” in building out its AI tools.
Given this sharp run-up, it’s not surprising to see Moore, who still holds over 1.29 million shares, lock in some gains. He sold roughly 20,000 shares last month under a pre-arranged 10b5-1 trading plan.
A Closer Look at the Insider’s Transactions
According to the Form 4 filed with the SEC on August 5, Moore sold 20,000 PLTR shares at weighted average prices ranging between $151.78 and $157.72 per share.
Palantir stock currently has a Very Negative Insider Confidence Signal on TipRanks, based on Informative Sell transactions worth $97.3 million undertaken in the last three months.
It is important to keep an eye on the Informative trades of corporate insiders, given their knowledge of a company’s growth potential. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is PLTR Stock a Buy?
Palantir Technologies’ stock has a consensus Hold rating among 16 Wall Street analysts. That rating is based on four Buy, 10 Hold, and two Sell recommendations issued in the last three months. The average PLTR price target of $150.60 implies 13.08% downside risk from current levels.
