![]() Securities and Exchange Commission (or SEC). 15, a venture capital fund ( Mithril LP) affiliated with Thiel recently sold $48 million worth of PLTR stock, per a filing with the U.S. With this, many may be curious why, as Seeking Alpha reported Nov. Palantir has of course been one of his most successful ventures. Thiel has built a multi-billion dollar fortune founding, building, and/or investing in high tech companies. ![]() At current prices, the stock trades for around 80 times forward earnings.īut besides valuation concerns (which I will dispel later), another cause for worry may be news of insider selling, from an entity affiliated with Palantir co-founder Peter Thiel, no less. PLTR Stock and Peter Thiel’s Recent TransactionĪlready richly-priced prior to the post-earnings rally, Palantir shares at current prices are definitely in premium valuation territory. Yet while some short-term turbulence may be in store, don’t view this sale, or another key concern, as reasons to make your exit. This is especially the case, following a recent development (more below). Year-to-date, PLTR is up more-than three-fold.ĭespite this convincing performance, some may wonder whether now is the time to take chips off the table. ![]() ![]() However, in recent weeks, renewed enthusiasm for Palantir Technologies (NYSE: PLTR) exposure to the AI mega-trend, sparked by its latest quarterly earnings release, has led to a further lift for PLTR stock.Īlthough shares in the company, which provides AI and machine learning analytics software to clients in the public and private sectors, has yet to get anywhere near its 2021 highs (topping $35 per share), the stock did just recently hit a new 52-week high. Excitement over the generative artificial intelligence trend peaked several months ago. ![]()
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