Apparently happened more than a week ago, nobody posted about it here so here's the article:
Palantir Technologies Inc . (NYSE:PLTR) director Peter Thiel has recently sold a significant portion of his holdings in the company, according to the latest filings. Thiel, a renowned entrepreneur and investor, disposed of shares amounting to approximately $273.5 million in a series of transactions.
The sales took place over three days, with prices per share ranging from $20.784 to $21.3303. On May 8, Thiel sold 6,285,833 shares at an average price of $21.3303. The following day, he sold an additional 1,669,411 shares at an average of $21.2601. The final sale occurred on May 10, where 5,000,000 shares were sold at an average price of $20.784.
Peter Thiel sells $273.5 million in Palantir stock
Peter Thiel sells $273.5 million in Palantir stock
byu/rightlibcapitalist inwallstreetbets
Posted by rightlibcapitalist
31 Comments
If he’s selling, you don’t want to be holding.
Even Peter Thiel is not buying the AI bullshit claims Palantir is making.
He just bought msft meta AMZN googl aapl
He sold it to the regards here.
You mean the guy with billions in his Roth who’s able to access 6-7billion in 3 years lol
This is old… 2 weeks old. $PLTR is back in build up mode. How about talking about more relevant info like Drunkenmiller who took a position back into PLTR THIS WEEK. After selling his position NVDA to do it. But thanks for the old information… oh, and if you actually invest real cash. Those people knew
Nothingburger.
This amounts to him getting liquidity to invest in a couple startups.
The dude has so much of the stock. It’s like OP selling 10 shares of META.
Thanks for the exit liquidity! – Thiel
So he sold .01% of the market cap? 🤣
This started the day after the stock slid 15% on disappointing results. He had to wait till the news came out or he’d be charged with insider trading. He obviously doesn’t expect a rebound any time soon.
Average price is wrong or the high
I mean… a billionaire starts a company to make money right? It would make sense it was in the millions and not in thousands like us peasant folk.
Sure would be a shame if it were added to the S&P next month.
He owns a lot more than 13 million shares. I’m sure this a small fraction of his holdings
And Drunkenmiller sold NVDA and bought PLTR
Palintir is going to software analytics for my beverage company, for purchased goods and raw materials. They are going to be in everything soon.
Lmao if you click on the article it literally says right under it that they were pre-determined to be sold since a plan in Dec 2023 and he’s still very much involved with and invested into PLTR. It’s okay buddy, I know reading is hard
Did he need the funds?
That amazing he has really supported this company.
You have any idea the insurance on a Ferrari!?!?!
Apparently there are enough palantir fan boys just in the post who’d still die for this clown stock lol, and 99.99% of them probably don’t know shit about palantir business. Cuz if they did, they’d never have been fan boys of palantir.
He found out that they’re not all accounted for
he is the only one who made money on this crap
pumpers here promised $30 share price like 4 years ago.
Sell in may and go away (to the Hamptons)
Love Daddy Thiel converting pltr gold into fiat 💵
Gotta buy some roids and protein for all those athletes. Shits expensive.
Tax the rich, tax the rich, nope you can’t unless they willing to pay tax them self.
Hmm. Interesting. I, a 23 year old Lyft driver, just bought some.
I wonder what it is that I know that he doesn’t? Has he ever read reddit?
I guess Somebody has gotta pay trumps lawyers until donny can pull the rug on DJT
He’s got his own little bagholder scam going.