Palantir cto Shyam Sankar sells $64.9 million in shares

Shyam Sankar, Palantir Technologies' Chief Technology Officer and Executive Vice President, recently sold shares totaling approximately $64.9 million over two days in November 2026. These transactions were executed under a pre-existing Rule 10b5-1 trading plan. Palantir's stock price stood at $167.99, up 25.62% over the past six months.

The stock was deemed overvalued by InvestingPro analysis. On November 10, Sankar sold 299,900 shares at prices between $164.8119 and $169.29, generating around $50.1 million. The next day, he sold an additional 84,680 shares at an average price of $175.0701, totaling about $14.8 million. Before selling, he converted 300,000 Class B shares to Class A and sold them immediately.

As of now, Sankar holds 857,616 shares directly and indirectly holds 599,899 shares through the Sankar Irrevocable Remainder Trust. All sales were part of the trading plan, and he disclaims beneficial ownership of indirectly held shares, except for their financial interest. Palantir reported impressive Q3 results, with revenue reaching $2.313 billion, a 96% year-over-year growth, surpassing analysts' expectations.

The company reaffirmed its 2026 revenue guidance, and analysts reiterated Buy ratings, lauding Palantir's strong revenue growth and improved EBIT margins.