After taking his data analytics and mining company, Palantir, public last year, it seems that Peter Thiel is keen on cashing out significantly from his stake in the company after getting an opportunity to do so on the public markets. 

Thiel founded and helped build Palantir from the ground up into a data analytics powerhouse with annual sales of over $1 billion. Palantir stayed as a private company for 17 years before hitting the public markets.

• According to regulatory filings and records, Peter Thiel has sold over $780 million of Palantir shares since the company began trading on the New York Stock Exchange (NYSE) in September 2020. 

• Thiel’s largest single sale transaction was an offloading of 20 million shares for $504.8 million on the 19th of February, 2020. His second-largest was the sale of 23 million shares in a transaction netting around $236 million on the 30th of September, 2020, which was the very day Palantir began trading on the NYSE.

• Altogether, Thiel has netted more than $780 million in cash from selling Palantir shares. He, however, has also purchased Palantir shares with his money, buying up $60 million worth of the company’s stock in a transaction on the 17th of December, 2020.

• Thiel still maintains a Palantir stake worth a few billion. He’s fared very well monetarily-wise due to Palantir’s ride on the public markets, as the company now trades at over 70% of its market debut price, having a market cap of $44.6 billion (as of writing).

• Like Thiel, another Palantir executive that’s cashed out big is Alex Karp, the company’s long-time CEO who was appointed by Thiel in its early stages. Karp has sold over $250 million of Palantir shares since the company’s market debut last year. 

Photo credit: jdlasica, licensed under CC BY 2.0

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