Billionaire Peter Thiel Sold $600 Million Of Palantir Stock This Week [Forbes]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Forbes
Billionaire entrepreneur and venture capitalist Peter Thiel cofounded PayPal, Palantir and Founders Fund. John Lamparski/Getty Palantir cofounder and major investor Peter Thiel, worth $9.8 billion per Forbes' estimates, sold approximately 16 million Palantir shares between Tuesday and Thursday this week, for $600 million in gross proceeds, according to a Securities and Exchange Commission filing on Thursday. Thiel's newest transactions bring his total Palantir share sales to just over $1 billion in 2024. Thiel's sales this week started one day after Palantir joined the S&P 500 and came as its share price hovers around $37, up 150% from a year ago. The company now sports an $82 billion market capitalization and trades at 35 times revenue, the highest multiple on the S&P. Palantir helps companies gather, analyze and manage their data and is known for a longstanding relationship with the U.S. military—government customers made up more than 50% of its $2.5 billion in revenue (for t
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News
- Peter Thiel Offloads Over $1B In Palantir Stock In 2024 As Stock More Than Doubles [Yahoo! Finance]Yahoo! Finance
- Cathie Wood's Ark Invest Dumps Palantir Shares Amidst S&P 500 Inclusion And Extended AI Alliance [Yahoo! Finance]Yahoo! Finance
- The Big Boys Are Buying AI Infrastructure Hand-Over-Fist: Our Picks [Seeking Alpha]Seeking Alpha
- Palantir Technologies Inc. (PLTR) Extends Multi-Million-Dollar Deal with APA Corporation as Analyst Downgrades Stock Amid Valuation Concerns [Yahoo! Finance]Yahoo! Finance
- Palantir: Follow The Bull Trail And Don't Be Fazed By High Valuations Alone [Seeking Alpha]Seeking Alpha
PLTR
Earnings
- 8/5/24 - Beat
PLTR
Sec Filings
- 9/27/24 - Form 144
- 9/26/24 - Form 4
- 9/26/24 - Form 144
- PLTR's page on the SEC website