This Insider Has Just Sold Shares In Palantir Technologies

Some Palantir Technologies Inc. (NASDAQ:PLTR) shareholders may be a little concerned to see that the CFO & Treasurer, David Glazer, recently sold a substantial US$4.3m worth of stock at a price of US$126 per share. However, that sale only accounted for 6.5% of their holding, so arguably it doesn't say much about their conviction.

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The Last 12 Months Of Insider Transactions At Palantir Technologies

Notably, that recent sale by David Glazer is the biggest insider sale of Palantir Technologies shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$123. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

All up, insiders sold more shares in Palantir Technologies than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Palantir Technologies

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Does Palantir Technologies Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Palantir Technologies insiders own about US$22b worth of shares (which is 7.4% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Palantir Technologies Insider Transactions Indicate?

Unfortunately, there has been more insider selling of Palantir Technologies stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, Palantir Technologies makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Palantir Technologies has 2 warning signs and it would be unwise to ignore them.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.