Palantir Technologies Inc. Chief Executive Alexander C. Karp sold 492,348 Class A common shares on August 20, 2026, for a total of approximately $86.06 million, according to regulatory filings.
The disposal was executed in two tranches under pre-established Rule 10b5-1 trading plans. The first, a $70.34 million sale of 402,348 shares, covered tax obligations following the vesting of restricted stock units and the conversion of Class B shares to Class A. Shares in this tranche traded between $172.19 and $176.37.
A second, separate $15.72 million sale of 90,000 shares—also conducted under a Rule 10b5-1 plan established March 12, 2026—was priced in the same range. The transactions followed the immediate conversion of Class B common stock into Class A common stock prior to execution.
At the time of the sales, Palantir’s Class A shares were trading at $175.89, roughly 15% below the 52-week high of $207.52. The company’s stock has delivered a 31% total return over the past six months.
The disposals coincide with strong quarterly results. Palantir reported second-quarter 2026 revenue that exceeded FactSet consensus by 6.8%, while operating income and margin surpassed projections by 10.5%. Free cash flow and margin also came in 9.0% above expectations.
Analysts have raised price targets in response to the company’s growth trajectory. UBS lifted its target to $220, citing an expected 93% revenue acceleration and an updated 2026 revenue growth guidance of 82%. Phillip Securities raised its target to $215, Truist Securities set a new target at $223, and Piper Sandler maintained an overweight rating with a $230 target. A single brokerage retained a hold rating.
