"Peter Thiel just wrote a $3 million check to fight California's wealth tax proposal. When a billionaire founder fights this hard to avoid forced liquidation, he's either protecting a position he can't sell or one he won't sell. At 384x trailing earnings and 101x sales, PLTR trades like a company insiders believe will justify these multiples. The wealth tax fight suggests Thiel agrees, but also reveals the fragility of that conviction."
"While Thiel doesn't appear in recent insider transaction filings, other executives have been aggressive sellers. CEO Alex Karp liquidated over $60 million worth of shares in November 2025 at prices ranging from $155 to $173. Director Stephen Cohen sold a similar amount. Ryan Taylor and Alexander Moore have been consistent sellers through January 2026, with Moore dumping shares at $206 in early November and again at $168-$181 in January."
Peter Thiel donated $3 million to oppose California's proposed wealth tax, signaling an effort to prevent forced liquidation of Palantir shares. Palantir trades at extreme multiples—384x trailing earnings and 101x sales—implying expectations of a future that has not yet arrived. Micron's lower multiples, higher revenue, and substantial net income provide a stark valuation contrast. Several Palantir insiders, including CEO Alex Karp and director Stephen Cohen, have sold large blocks of shares recently. The stock has surged 115.9% over the past year but declined 14.5% over the past month and 6.6% year to date.
Read at 24/7 Wall St.
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