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Palantir Execs Sell Millions in Shares Amid Valuation Concerns
27 Aug
Summary
- Palantir CEO Alex Karp sold over $60M in shares on Aug. 21
- CTO Shyam Sankar sold $26M in shares around the same time
- Palantir stock trades at 90x forward sales and 242x forward earnings
In the latest development surrounding Palantir Technologies (PLTR), the data analytics firm has been making headlines for the recent stock sales by its top executives. On August 21, 2025, CEO Alex Karp sold over $60 million worth of PLTR shares, while Chief Technology Officer Shyam Sankar offloaded $26 million in shares around the same time.
Despite these insider transactions, Palantir continues to maintain a robust 106% year-to-date gain as of August 27, 2025, even after a 17.9% pullback from its record high in mid-August. However, the company's lofty valuation has raised concerns among analysts and investors. Palantir currently trades at approximately 90 times its forward sales and an astounding 242 times its forward adjusted earnings, making it one of the most expensive components of the S&P 500 Index.
The stock's high valuation has made it particularly vulnerable to the recent market turbulence, with Palantir being one of the hardest-hit AI plays following OpenAI CEO Sam Altman's "bubble" warning last week. Despite the company's impressive growth, with revenue surpassing $1 billion for the first time in the second quarter, some analysts remain bearish on the stock's prospects, suggesting additional downside risk of up to 71%.
