What is happening at Palantir?
Our team identified a large insider trade in Palantir stock.
This is a very unusual trade for several reasons, here are the details:
Heather A. Planishek, the company's secretary and chief legal officer, purchased 10,000 shares on May 8 for a total of $1.16 million.
So what's unusual?
First, the trade itself. Executives at Palantir simply don't buy shares, they only sell. What has changed now?
Second, the amount. This is a large trade, over $1 million. Heather increased her position in the company's stock by over 20%.
And most importantly, the price!
Heather bought the stock at $116 per share, very close to the peak price.
Does she know something we don't?
We are monitoring closely.