Palantir Chairman Peter Thiel Files to Sell $280M in Shares Amid Defense Stock Rally
Peter Thiel has initiated the sale of 2 million Palantir Technologies (PLTR) Class A shares, valued at approximately $280 million. The transaction, executed through Merrill Lynch, comes as PLTR stock rides a four-day rally—its longest winning streak since early December.
The surge follows U.S.-Israel military strikes on Iran, which bolstered defense sector equities. Palantir, a key contractor for the Pentagon with a $10 billion Army deal and $448 million Navy contract, has emerged as a top S&P 500 performer during this rally.
Analyst sentiment remains bullish. Rosenblatt initiated coverage with a $150 price target, while UBS upgraded the stock to Buy with a $180 target, citing robust AI demand. This Optimism contrasts with short-seller Michael Burry's skepticism about Palantir's AI differentiation following the Anthropic episode.
