New York, February 26, 2026, 11:01 EST — Regular session.
- Palantir slipped roughly 0.7%, changing hands around $133 late this morning.
- CEO Alex Karp reported stock sales connected with RSU vesting, according to a filing.
- The Nasdaq slipped, dragged down by a drop in Nvidia shares, with traders turning their focus to Friday’s U.S. producer-price figures.
Shares of Palantir Technologies Inc. slipped 0.7% to $133.22 on Thursday, cooling off after a 4.15% jump the previous day. Investors weighed fresh insider-sale filings and a less bullish mood in large-cap tech. 1
This one counts: Palantir’s stock tends to swing sharply, acting almost like a barometer for sentiment—up fast, down just as quickly. Now that the AI trade is showing some cracks, traders are skittish about new shares hitting the market, particularly when executives are the ones selling.
Chief Executive Alex Karp unloaded 493,025 Class A shares on Feb. 20, according to a U.S. securities filing, fetching between about $131.30 and $136.14 per share. The document notes these were “automatic” sales to satisfy tax withholding from restricted stock units—stock awards vesting over time—executed under a Rule 10b5-1 plan, which sets trades in advance for insiders. 2
Despite this year’s decline, Palantir is still trading significantly higher than its levels from last summer, and volatility hasn’t gone anywhere. Shares are sitting roughly 36% under the all-time peak of $207.52 from Nov. 3, 2025, according to TradingView. 3
Palantir’s most recent earnings showed fourth-quarter revenue hit $1.407 billion, marking a 70% jump year over year. U.S. commercial revenue surged 137%, landing at $507 million. Looking ahead, the company projected full-year 2026 revenue between $7.182 billion and $7.198 billion. Palantir also said it anticipates turning in GAAP operating income and net income every quarter in 2026. 4
The tone across markets wasn’t supportive. Nasdaq slipped 0.87% in the morning, with Nvidia losing ground even after posting robust results, as questions swirled about how much longer the AI rally can fuel big returns. “Investors have been wary of the AI trade and its implications as we look out over the next couple of years,” said Jeff Schulze, who heads economic and market strategy at ClearBridge Investments. 5
Still, Palantir remains a two-sided story. Persistent insider selling or fading growth hopes could sharpen the stock’s downside, given its hefty valuation. And when a company priced for speed hits a snag—whether it’s deal flow or margins—the shares usually take the hit in stride, and not in a good way.
All eyes now turn to Friday’s U.S. producer price index for January, with the print landing at 8:30 a.m. ET. The numbers could shake up rate bets and pulse through high-growth software stocks. 6
