Jefferies analyst Brent Thill notes that Palantir (PLTR) CEO Alex Karp has sold shares worth $45M in the last two 2 weeks after selling more than $2B worth in 2024. While he has sold 21% of his overall stake, his current Rule 10b5-1 trading plan allows for another roughly 17M shares to be sold through September 2025, added the analyst, who thinks “there is more multiple contraction to come” and keeps an Underperform rating on Palantir shares. In the same note, the firm points out that Salesforce’s (CRM) incoming CFO Robin Washington purchased about $499,000 worth of shares last week, which “sends positive signals heading into her start date this Spring,” according to the analyst.
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