"Palantir carries a trailing 12-month P/E ratio of 220x, one of the steepest valuations in large-cap technology. When the broader market turns risk-off, that kind of multiple becomes a target."
"Former CEO Peter Thiel disposed of approximately 1.999 million Palantir shares across seven transactions on March 2, at prices ranging from $140.97 to $146.80."
"Systematic selling by founders and executives at prices well below January highs tends to unsettle retail investors already questioning whether the valuation is sustainable."
"A post titled 'Getting out of Palantir' on r/stocks accumulated 1,854 upvotes and 534 comments by March 27, dominating retail investor sentiment."
Palantir Technologies shares have declined 4% to around $137, extending a 22% year-to-date drop. The company shows strong U.S. commercial revenue growth and AI partnerships, but its high P/E ratio of 220x raises concerns. The NASDAQ 100's decline reflects investor fear, compounded by geopolitical instability and rising oil prices. Insider selling by executives, including former CEO Peter Thiel and current CEO Alex Karp, adds to valuation worries, unsettling retail investors. Reddit sentiment indicates growing unease among shareholders.
Read at 24/7 Wall St.
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