Should You Follow This Insider's Lead and Sell Palantir Stock?

One of the hottest names in artificial intelligence software is data analytics company Palantir Technologies (NYSE: PLTR). Over the last couple of years, it has swiftly evolved from a government contractor working closely with the U.S. military into a more prolific platform reaching major end markets in the private sector.The company's accelerated top- and bottom-line growth isn't going unnoticed, either. So far in 2024, investors have sent Palantir shares soaring 150% -- versus the near-20% returns posted by both the S&P 500 and Nasdaq Composite.But in the midst of Palantir's shining moment, the company's chairman, Peter Thiel, just sold a boatload of stock. Below, I'll break down the mechanics of insider sales and provide my opinion on whether or not now is a good time to follow Thiel's move and cash out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool