Peter Thiel Sells $290 Million In PLTR Stock As Palantir Surges Nearly 6% Amid AI-Driven Rally

Benzinga03-03 15:45

Palantir Technologies Inc. (NASDAQ:PLTR) co-founder and Chairman Peter Thiel has executed a pre-planned sale of 2 million shares, capitalizing on a significant stock rally driven by an explosion in ...

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(NASDAQ:PLTR) co-founder and Chairman Peter Thiel has executed a pre-planned sale of 2 million shares, capitalizing on a significant stock rally driven by an explosion in global demand for the company's military-grade artificial intelligence.\nAccording to a Form 144 filing released on March 2, Thiel offloaded the shares through STS Holdings II LLC. While the filing lists a conservative placeholder value of $14 apiece for 2 million shares sold, the transaction's true market impact is estimated at approximately $290 million based on Monday's closing price of $145.24.\nThe transaction was conducted under a Rule 10b5-1 trading plan adopted on Nov. 14, 2025. This automated strategy allows insiders to diversify their portfolios while avoiding the scrutiny of trading on non-public information.\nDespite the size of the divestment, Thiel remains one of the company's most powerful figures, retaining his massive influence through high-voting Class F shares.\nThe company reported $1.4 billion in revenue, a 70% year-over-year increase, fueled by a 137% explosion in U.S. commercial revenue and a 66% rise in government sales.\nInvestor enthusiasm was further bolstered by a new partnership with GE Aerospace and the U.S. Department of Defense to provide AI-driven analytics for jet engine maintenance.\nThis follows Palantir's recent guidance projecting $7.2 billion in total revenue for 2026, signaling sustained demand for its “AIP” and “Gotham” platforms amid rising global security needs.\nWhile Palantir's growth metrics remain strong, the stock's valuation continues to spark debate. Benzinga Edge’s Stock Rankings show that it maintains a weak price trend in the short, medium, and long terms, with a poor value ranking.\nThe stock closed 5.81% higher on Monday. It has declined by 18.33% year-to-date and 7.59% over the last six months. However, it has risen by 70.95% over the year.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Mark Reinstein On Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2616748311","isCrawlerRequest":true}