The analyst gave a "very negative" confidence rating to internal personnel at Palantir, signaling a significant warning level.
SEC filing revealed that Alexander Moore, a director at Palantir Technologies, sold 20,000 shares of stock on August 1, cashing in about $3.09 million. While insider selling always raises attention, it is not always a sign of danger. Moore still holds over 1.29 million shares, making him one of the largest individual shareholders, and this sale may just be a profit-taking opportunity as the stock price reaches record highs. However, analysts currently have a "very negative" confidence rating for insiders at PLTR, indicating a significant warning level - insider sales in the past quarter have exceeded $97 million.
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