Palantir's CEO Is Selling Stock; Should Investors Follow Suit?
For a stock growing its revenue by around 30%, that valuation is pretty extreme. While Palantir is a great company, at some point valuation does matter. CEO Alex Karp seems to recognize this as well, which is why he has accelerated his selling of the stock in recent months.
The artificial intelligence (AI) and data mining specialist will be joining (another) major stock market exchange.
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Financial writer downgrades Palantir Technologies to 'sell' due to high valuation despite strong financials and growth.
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