CEO Alex Karp Just Sold More Than $60 Million in Palantir Stock. Should Investors Follow Suit?

The past couple of years have been a whirlwind for Palantir (NASDAQ: PLTR) investors. The company had been working on advanced algorithms in relative obscurity for nearly 20 years before the dawn of artificial intelligence (AI) in late 2022. Under the leadership of CEO Alex Karp, Palantir used its decades of experience in the field to develop the company's Artificial Intelligence Platform (AIP). The AIP uses generative AI to collect data from a variety of disparate software systems and aggregates the information under a single dashboard, helping business leaders make data-driven decisions in real time.Demand has been off the charts, helping propel Palantir stock to new heights. Since early 2023, Palatir's stock has gone parabolic, soaring an eye-popping 2,350% as of this writing. That meteoric rise has caused a commensurate increase in the stock's valuation, causing some retail investors and Wall Street veterans alike to avoid the stock.If that weren't enough, Karp just sold millions of Palantir shares, making some shareholders justifiably nervous. If the chief executive is selling shares, is it time for investors to follow suit?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool