Palantir dip... nothing fundamental?

[disclosure: I'm a shareholder]

Two major reasons for the drop:

• Potential Defense budget cuts

• Alex Karp's new plan to sell stock

For Karp's sale, he has adopted a new Rule 10b5-1 plan that allows him to sell ~$1.2B in stock through September of 2025. BUT BUT BUT, and this is huge... this is less than the original 10b5-1 plan, which would have automatically have him sell $6B of stock.

The defense spending cuts aren't super important in my thesis. I believe US Commerical growth is their path to a reasonable valuation/make their expected growth come true.

Plus, these swings are to be expected on a company with almost a 100 p/e ratio lol