Palantir's stock soared 246% this year, prompting CEO to sell shares worth over $1.2 billion.

Palantir Technologies' stock has surged over 246% this year, prompting CEO Alex Karp and other insiders to sell shares, netting Karp over $1.2 billion. The company's stock now trades at a forward P/S ratio of 41 times 2025 estimates, raising concerns about its valuation relative to its revenue growth. Some experts suggest investors consider taking profits, following the insiders' lead.

November 16, 2024
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