Palantir Rockets 333% Year-To-Date, Insiders Offload Stock: Should Retail Investors Follow?

Benzinga12-18

ZINGER KEY POINTS

  • Palantir stock surged 350% YTD, while top insiders sold millions, raising questions about investor strategies.

  • Strong bullish technicals suggest further upside, but an approaching overbought RSI and insider sales may signal caution.

But just as retail investors celebrate their portfolios swelling, company insiders — including CFO David A. Glazer and CTO Shyam Sankar — are selling millions of dollars worth of shares.

What Happened: In December alone, Glazer sold $23 million worth of shares, while Sankar offloaded a staggering $367.9 million following an exercise of stock options.

Even CEO Alex Karp joined the selling spree last month, cashing in $132.8 million worth of shares. Despite the eye-catching totals, these transactions represent a tiny fraction of their overall holdings.

So, are they losing faith — or just diversifying?

PLTR Stock’s Bullish Trend

From a technical perspective, Palantir’s stock seems unshakable.

It's trading well above its eight-day, 20-day, 50-day and 200-day moving averages, signaling robust bullish momentum. The Moving Average Convergence Divergence (MACD) indicator, at 5.30, screams “bullish.”

Yet, the Relative Strength Index (RSI) is at 66.20, teetering on overbought territory.

What’s Next: The charts suggest the stock has more room to climb. But with the stock price 313% higher than a year ago, some are questioning how much gas is left in the tank.

So, should you ride the wave or cash in like the execs? While Palantir's future may still be dazzling, history shows insider selling is often a cue to exercise caution—or at least re-evaluate your risk appetite.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • romanc9
    12-18
    romanc9
    Because they habe so many shares thst they could not capitaised due to poor pricing. So now better pricing they sell some..  They sold some at lower pricing along the way. Think is normal.
  • momotaro
    12-18
    momotaro
    Do a check and you will find that they are still holding on to millions worth of stocks. They don't get monthly salary like us and only given stocks 
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