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

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

Co-founder Peter Thiel continues to look to reduce his stake in the company.

Thiel stated that either Vice President Kamala Harris or former President Donald Trump would secure a significant victory.

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.