Data-Analytics Tycoon Offloads Stake
- Peter Thiel sells $457 million worth of Palantir shares
- Thiel’s trading plan has now exhausted its share selling limit
- Palantir stock has surged 112% this year
Palantir Chairman Peter Thiel has completed selling all the stock in his latest trading plan with his latest transactions. Thiel sold 12,412,322 Palantir shares from Sept. 27 through Oct. 1 for $457.4 million, an average price of $36.85 each. The sales were executed by Thiel’s Rule 10b5-1 plan, and sold through Rivendell 7 LLC, his investment vehicle that now owns 34,260,451 shares of the data-analytics firm. Thiel disclosed the trades in a form he filed with the Securities and Exchange Commission. After Thiel’s sale of 16,178,415 Palantir shares in the past week, his trading plan has now exhausted the number of shares it was set to sell. He had adopted the plan in May, and it had been set to sell as many as 28,590,737 shares by Dec. 31, 2025, or earlier. Executives and directors adopt such plans to remove the potential for them to benefit from nonpublic information when selling or buying stock.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Peter Thiel’s recent stock transactions in Palantir, including details such as the number of shares sold, average price, and the use of a Rule 10b5-1 plan. It also explains the purpose of these plans and mentions Palantir’s stock performance. The article is focused on the main topic without any significant digressions or personal opinions.
Noise Level: 4
Noise Justification: The article provides relevant information about Peter Thiel’s recent stock transactions in Palantir but lacks in-depth analysis or exploration of the implications of these transactions on the company or the industry. It also does not offer any actionable insights or new knowledge for readers.
Public Companies: Palantir Technologies (PLTR)
Key People: Peter Thiel (Chairman), Alexander Karp (CEO), Stephen Cohen (President and Secretary)
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses Peter Thiel’s sale of Palantir shares, which is related to financial transactions but does not directly impact financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: 112%
Sector: Technology
Direction: Down
Magnitude: Small
Affected Instruments: Stocks
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