Palantir Chairman Peter Thiel just sold big blocks of shares of the data-analytics firm, and he still has a substantial amount of stock to sell. Thiel sold 16,178,415 Palantir shares from Tuesday through Thursday for a total of $597 million,

As data mining firm Palantir’s shares continue to climb, Thiel is cashing out. He’s not the only Palantir insider doing so.

Peter Thiel has sold nearly $600 million worth of Palantir Technologies Inc. (NYSE:PLTR) stock this week, according to the company’s regulatory filing with U.S. Securities and Exchange Commission. This brings his total stock sales for the year to over

Peter Thiel sold almost $600 million of Palantir Technologies Inc. stock this week, bringing his total disposals this year to more than $1 billion.

Peter Thiel, a co-founder and current chair of data analytics company Palantir (PLTR), has sold nearly $600 million of company stock. According to

Peter Thiel sold almost $600 million of Palantir Technologies Inc. stock this week, bringing his total disposals this year to more than $1 billion. He sold more than 16 million shares over three days this week, according to a regulatory filing, adding to the 20 million shares he sold in March and May.

An investment vehicle controlled by Peter Thiel, co-founder and chairman of data-analytics firm Palantir, plans to sell nearly 29 million shares.

Palantir has a big influence in the defense sector. Becoming involved with the Department of Defense's Project Maven in 2019 was a major catalyst for the company. These deals are helping accelerate Palantir's public sector business.

Peter Thiel, the Chairman of Palantir Technologies (NYSE:PLTR), sold over $600M worth of the company's stock this week, bringing his total disposals this year to over $1B. In December last year, Palantir disclosed that entities owned by Thiel had adopted a type of trading plan which public-company executives commonly used to schedule sales.