New York, Feb 25, 2026, 16:35 EST — After-hours
Palantir Technologies Inc. (PLTR.O) slipped 3.4% after hours Wednesday, with shares recently quoted at $134.19. During the day, the stock moved between $127.44 and $134.39, logging volume of 52.5 million shares.
Investors are working through a wave of insider deals alongside news of a fresh defense partnership tied to the data analytics firm. For traders, both developments play into calculations about short-term share supply and how quickly contracts might land.
Software stocks lagged, with the iShares Expanded Tech-Software Sector ETF off nearly 4.7%. That decline outpaced the SPDR S&P 500 ETF’s 1% slip, as well as the 1.2% fall for the Invesco QQQ Trust, which tracks the Nasdaq 100.
Palantir CEO Alex Karp disclosed in a Form 4 on Tuesday that he unloaded 493,025 Class A shares on Feb. 20, with most prices clustered between roughly $132 and $136. The move followed the vesting of 975,000 Class B RSUs. According to the filing, the stock sales were triggered automatically to handle tax withholding. RSUs vest over time, and the transactions ran through a Rule 10b5-1 plan. 1
Other top brass also reported tax-driven stock sales pegged to the Feb. 20 vesting. According to filings, Chief Financial Officer David Glazer unloaded 17,438 shares, Chief Technology Officer Shyam Sankar parted with 168,004, and President and Secretary Stephen Andrew Cohen offloaded 327,088. 2
Filings reveal that Ryan Taylor, who serves as both Chief Revenue Officer and Chief Legal Officer, unloaded 19,988 shares across multiple transactions. Chief Accounting Officer Jeffrey Buckley parted with 3,936 shares as well, with both executives executing their sales on Feb. 20 and Feb. 24. 3
GE Aerospace said Tuesday it’s landed a Defense Logistics Agency contract aimed at ramping up Air Force J85 engine readiness, bringing Palantir onboard for the digital logistics piece. “By integrating data across the enterprise and applying AI to predict demand,” GE Aerospace executive Asha Belarski said. 4
For some investors, valuation is still the hurdle. Earlier this month, Reuters reported Palantir expects first-quarter revenue between $1.53 billion and $1.54 billion, with 2026 revenue seen at $7.18 billion to $7.20 billion. CEO Karp highlighted the platform’s “granular permissioning capabilities.” But eToro’s Zavier Wong isn’t convinced the valuation concerns are going away: “Valuation question marks won’t disappear,” he said. “Palantir remains priced for perfection, which means it will need to continue executing in future quarters.” 5
Thursday’s focus shifts to new insider filings and any updates on contracts as the sector finds its footing. Palantir, in its annual report, noted it plans to submit its proxy statement for the 2026 annual meeting within 120 days after Dec. 31—setting April 30 as the cutoff. 6
