I think insiders are cashing out to lock in the gains. Afterall, the stock is now expensive. Sell now and buy back later to lock in the profits sound like a feasible plan. PLTR has an edge that no competitor can steal yet. It fits the US’ military needs and given the high stakes, I don’t think the US will be quick to change PLTR away. There will still be a need for PLTR and it can go higher.
The main pain for me is the high valuation that I will not rush in yet. The benefit to risk ratio is not favourable yet.
I would consider buying the dip especially if it is compelling enough. For now, it would be to watch the price action.
I think the insiders are just profit taking and the big whales just need to trim some proportion of their portfolio to fit in the other AI companies that have room to skyrocket and they are unwilling to miss the train.
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