Palantir CEO Karp sells $65.9 million in class A common stock
#Palantir #Karp #Insider Trading #Class A Stock #AI Partnership #Stock Valuation #Analyst Upgrade #Technology Innovation
📌 Key Takeaways
- CEO Alexander Karp sold $65.9 million in Palantir Class A stock
- Sales executed at prices between $132.01-$135.73 per share
- Palantir stock down 27.5% year-to-date despite strong financial health
- Analysts upgrade rating citing revenue growth and margin expansion
📖 Full Retelling
Palantir Technologies Inc. CEO Alexander C. Karp sold $65.9 million in Class A Common Stock on February 20, 2026, through multiple transactions at prices ranging from $132.0131 to $135.7252 per share, as the company's stock traded at $128.82, down 27.5% year-to-date. The sales were executed in multiple batches, with Karp selling 39,893 shares at a weighted average price of $132.0346, 124,338 shares at $132.862, 104,796 shares at $133.7565, 110,800 shares at $134.8296, and 23,198 shares at $135.7252, among other transactions. On the same day, Karp also converted 403,025 shares of Class B Common Stock to Class A Common Stock and acquired additional shares through vesting of restricted stock units. According to InvestingPro analysis, Palantir stock appears overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list despite the company's strong financial health rating. This comes amid broader market movements, including AMD stock surging 14% on a Meta AI partnership deal and Bitcoin slipping to wipe out 50% from its October record high. Despite the insider selling, Palantir has been actively expanding its partnerships and receiving industry recognition, including forming a strategic alliance with Rackspace Technology to accelerate deployment of its AI platforms and being recognized in 15 categories at the Dresner Advisory Services 2025 Technology Innovation Awards. Analyst sentiment remains positive, with Mizuho upgrading Palantir's stock rating to Outperform and Freedom Capital Markets upgrading it to Buy, citing unique revenue growth, margin expansion, and impressive Q4 2025 results that surpassed both management's guidance and analyst estimates.
🏷️ Themes
Insider Trading, Tech Stocks, AI Partnerships
📚 Related People & Topics
Insider trading
Trading using nonpublic information
# Insider Trading **Insider trading** is the trading of a public company's stock or other securities (such as bonds or stock options) based on **material, nonpublic information** about the company. While the practice is common, its legality is subject to complex regulations that vary significantly ...
Palantir
American software and services company
Palantir Technologies Inc. is an American publicly traded company that develops data integration and analytics platforms enabling government agencies, militaries, and corporations to combine and analyze data from multiple sources. Its flagship products—Gotham (for intelligence and defense) and Found...
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Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry AMD stock surges 14% on Meta AI partnership deal Bitcoin slips, wipes out 50% from October record high at session low Wall Street ends higher on tech rebound ahead of State of the Union address Software stocks rebound as Anthropic partnerships ease AI disruption fears (South Africa Philippines Nigeria) Palantir CEO Karp sells $65.9 million in class A common stock By Investing.com Insider Trading Published 02/24/2026, 08:16 PM Palantir CEO Karp sells $65.9 million in class A common stock 0 PLTR -1.36% Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alexander C. Karp sold a total of $65.9 million in Class A Common Stock on February 20, 2026. The sales, executed in multiple transactions, saw prices ranging from $132.0131 to $135.7252.The insider sale comes as Palantir shares trade at $128.82, down 27.5% year-to-date. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list despite the company’s strong financial health rating. Karp sold 39,893 shares at a weighted average price of $132.0346, 124,338 shares at a weighted average price of $132.862, 104,796 shares at a weighted average price of $133.7565, 110,800 shares at a weighted average price of $134.8296 and 23,198 shares at a weighted average price of $135.7252. Additionally, Karp sold 6,180 shares at a weighted average price of $132.0131, 20,259 shares at a weighted average price of $132.8166, 19,309 shares at a weighted average price of $133.7332, 35,656 shares at a weighted average price of $134.8733 and 8,596 shares at a weighted average price of $135.6733. On the same day, Karp converted 403,025 shares of Class B Common Stock to Class A Common Stock. Karp also converted 90,000 shares of Class B Common Stock to Class A Common Stock. Furthermore, Karp acquired 877,500 shares and 97,500 shares of Class B Common Stock upon incremental vesting of previously granted restric...
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