Peter Thiel files to sell $1B Palantir shares, 29% of holdings, amid concerns of overvaluation.
In 2024, Peter Thiel, co-founder and Chairman of Palantir Technologies, filed to sell nearly $1 billion in shares, representing about 29% of his holdings. This follows Palantir's stock price nearly doubling this year. Thiel's strategy, using a Rule 10b5-1 plan, aims to lock in profits amid concerns that the company's high forward price-to-sales ratio might indicate overvaluation. Investors may consider following Thiel's lead to secure gains.
September 14, 2024
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