Palantir Technologies (NASDAQ: PLTR) shares tumbled more than 7% in pre-market trading Monday after two company executives disclosed stock sales totaling close to $9.8 million, according to recent SEC filings.
Alexander D. Moore, a director at Palantir, sold 20,000 shares of the company’s Class A Common Stock on April 1, 2025. The sales were executed at prices between $82.726 and $85.185 per share, generating proceeds of about $1.68 million.
The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which Moore adopted on November 22, 2024. Following the sales, Moore still holds 1,370,630 shares of Palantir stock.
In a separate transaction, Taylor Ryan D., an officer at Palantir, sold 102,177 Class A Common Stock shares on March 31, 2025. The sales, also executed under a pre-established Rule 10b5-1 trading plan, ranged in price from $79.43 to $84.26 per share, with a total value of approximately $8.13 million.
As part of the transactions, 98,177 Class B Common Stock shares were converted into Class A shares on a 1-for-1 basis before being sold in the open market. Following the sales, Ryan retains ownership of 403,171 shares in the company.
Palantir Technologies (NASDAQ: PLTR) stock has surged over 226% in the past year, drawing increased investor attention. However, the recent insider selling has sparked concerns about valuation and profit-taking.
