Another Insider Is Selling Palantir Stock. Should You?

Palantir (PLTR) has been a red-hot investment over the past year, with shares surging more than 200%, showcasing its immense growth. As the stock reaches new highs, some insiders have offloaded shares.

In the last six months, there have been 49 insider sales as tracked by Barchart. CEO Alex Karp also recently filed to sell shares under a 105b-1, a prearranged trading plan. He has authorization to sell roughly 10 million shares through Sept. 12.