Palantir Technologies Inc. (NYSE:PLTR) shares are up this Thursday. Here’s what you need to know.
What To Know: A Barron’s report noted that Palantir co-founder and chairman Peter Thiel has completed selling the maximum number of shares under a trading plan he initiated in May. Thiel sold 12.412 million shares at an average price of $36.85 per share from September 27 through October 1 via Rivendell 7 LLC, leaving the entity with approximately 34.26 million shares. This sale was completed ahead of the December 31, 2025 deadline.
Palantir also announced a multi-year strategic partnership with Edgescale AI to enhance artificial intelligence (AI) operations in manufacturing, utilities and other industrial sectors. According to Brian Mengwasser, co-founder and CEO of Edgescale AI, the objective is to simplify the deployment of AI capabilities, integrating Palantir’s software on Edgescale’s Live Edge platform to provide direct access to operational data and automate physical processes.
What Else: Additionally, Palantir was among the top-20 most searched tickers on Benzinga Pro last month, indicating high investor interest.
PLTR Price Action: Palantir shares were up by 3.03% at $38.63 at the time of writing, according to Benzinga Pro.
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