Why Are Palantir's Insiders Selling So Many Shares?

Why Are Palantir's Insiders Selling So Many Shares?

Palantir Technologies (NYSE: PLTR), the controversial data-mining firm that generates over half its revenue from government contracts, went public via a direct listing in late September. In addition, Palantir's insiders have sold 50.8 million shares, worth about $470 million today, since its public debut. A direct listing is different from a traditional IPO.