Laiba Immad
2 min read
In This Article:
Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp has sold over $50 million in company shares this week, according to recent securities filings. The transactions, which took place between $125.26 and $127.70 per share, leave Karp with approximately 6.43 million PLTR shares, valued at around $787 million based on Thursday’s closing price. The sales were part of automatic transactions to cover tax obligations related to vesting restricted stock units.
Other senior executives also executed major stock sales: Chief Technology Officer Shyam Sankar sold about $21 million in shares, while co-founder and president Stephen Cohen offloaded roughly $43.5 million. These moves come as Palantir Technologies Inc. (NASDAQ:PLTR)’s stock continues to climb, recently surpassing Salesforce in market value and entering the ranks of the top 10 most valuable U.S. tech companies.
Palantir Technologies Inc. (NASDAQ:PLTR)’s surge is fueled by strong demand for its artificial intelligence software and a wave of new government contracts, amid a broader push for federal efficiency. The stock has soared nearly 62% in 2025, outpacing major tech peers, though concerns about international growth linger. Despite the volatility, Karp remains bullish, telling CNBC, “We’re happy. We’re going to partner with the world’s best people and we’re going to dominate.”
While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None.
