PLTR Palantir Technologies Inc.

NEUTRAL Impact: 3/10 Insider Cluster (3 insiders)
Horizon immediate Filed May 23, 2026 Processed 21d 10h ago
Insider cluster: 3 insiders, $1.4M total
Latest settled — T+5d ⚠ clustered
PLTR ▲ +11.41% at T+5d
NEUTRAL call ✓ call won +11.41% · α vs SPY +10.20% · entry $136.61 → $152.20
Next anchor: T+20d in 10d
Currently $127.99 · -6.31% from $136.61 entry
Entry anchored
May 22, 2026
via day open
T+1d
-3.02%
call -3.02% · α -3.03%
$132.49
settled 18d ago
T+5d
+11.41%
call +11.41% · α +10.20%
$152.20
settled 12d ago
T+20d
call — · α —
in 10d
T+60d
call — · α —
in 2mo

Price Chart

Loading chart...

Executive Summary

A cluster of open-market insider sales totaling $1.36M over a 7-day window. CEO Karp, COO Sankar, and President Cohen exercised and converted massive derivatives (non-cash) but simultaneously sold small portions to cover tax obligations or modest liquidity. The open-market sale dollars ($710K, $367K, $279K) are trivial relative to Palantir's $329B market cap (0.0004%). The derivative exercises reflect routine option vesting, not bearish conviction. Per academic literature, cluster sells are not predictive even at scale, and here the dollar amounts are de minimis.

Key Financial Metrics

Direction
selling
Total Value
$1.4M
Insiders
3

Actionable Insight

The insider activity is routine tax-motivated selling accompanying option exercises by top executives. No bearish signal. The derivative exercises actually show that management is locking in large equity stakes. Ignore this cluster — it does not inform near-term direction. Monitor the next earnings filing for any fundamental change in the business.

Key Facts

  • Three insiders sold open-market shares in a 7-day window: Cohen ($710K), Sankar ($367K), Moore ($279K). Total: $1.36M.
  • CEO Karp, COO Sankar, and President Cohen each also exercised/converted millions of shares via derivatives (non-cash, $0 consideration).
  • Open-market sales represent ~0.0004% of market cap ($329B) — far below the 0.1% materiality threshold.
  • Prior PLTR reports show net negative T+5/T+20 P&L on average (-0.84% / -0.88%) but 60% win rate, suggesting modest mean-reversion rather than a clear pattern.

Financial Impact

$1.36M in open-market sales vs $329B market cap (0.0004%)

insider ownershipfloat

Risk Factors

  • None from this filing. Insider selling could accelerate if a broader market sell-off occurs, but no signaling content here.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
68% bullish (38 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-PLTR-1779494587961
18 reports for PLTR
Performance horizon
88% Hit rate 7 of 8 directional calls best @ T+5▲ +14.56%May 1, 2026
Filters
Rows
Reports for PLTR — sortable, filterable
Type Now
Jun 5, 2026
7d ago
ANALYST-UPGRADE
MIXED ★ 3/10
$133.74 $137.06▲ +2.48%▲ +2.81%$127.99 (−4.30%)
Jun 3, 2026
10d ago
Insider Cluster
NEUTRAL ★ 2/10
$142.21 $141.67▼ −0.38%▼ −0.78%$127.99 (−10.00%)
May 31, 2026
12d ago
ANALYST-DOWNGRADE
BEARISH ★ 3/10
$146.05 $135.84▲ +6.99%▲ +7.79%$127.99 (+12.36%)
May 31, 2026
12d ago
ANALYST-UPGRADE
BULLISH ★ 2/10
$137.12 $145.14▲ +5.85%▲ +5.79%$127.99 (−6.66%)
May 30, 2026
13d ago
ANALYST-UPGRADE
MIXED ★ 2/10
$139.08 $144.00▲ +3.54%▲ +3.32%$127.99 (−7.97%)
May 23, 2026
21d ago
Insider Cluster
NEUTRAL ★ 2/10
$136.61 $132.49▼ −3.02%▼ −3.03%$127.99 (−6.31%)
May 23, 2026
21d ago
Insider Cluster
NEUTRAL ★ 3/10
$136.61 $132.49▼ −3.02%▼ −3.03%$127.99 (−6.31%)
May 23, 2026
21d ago
Insider Cluster
NEUTRAL ★ 2/10
$136.61 $132.49▼ −3.02%▼ −3.03%$127.99 (−6.31%)
May 6, 2026
5w ago
ANALYST-UPGRADE
MIXED ★ 2/10
$133.74 $137.06▲ +2.48%▲ +2.81%$127.99 (−4.30%)
May 5, 2026
5w ago
GOVT-CONTRACT
BULLISH ★ 5/10
$135.84 $133.74▼ −1.55%▼ −2.93%$127.99 (−5.78%)
Showing 10 of 18

US Market Status

Market Closed — Opens Mon (50h 54m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access