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PLTR Breakdown continuation in PM trading
By: TrendSpider | August 29, 2022
• $PLTR Breakdown continuation in PM trading. The ~$7.50 seems like a big spot to hold.
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Palantir Technologies Not looking particularly bullish heading into next week...
By: TrendSpider | August 28, 2022
• $PLTR Not looking particularly bullish heading into next week...
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Palantir (PLTR) Ascending triangle breakdown today with MACD officially crossing bearish
By: TrendSpider | August 19, 2022
• $PLTR Palantir in free fall mode after losing channel support.
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$PLTR Not a good look for the bulls today with this RSI and channel breakdown
By: TrendSpider | August 18, 2022
• $PLTR Not a good look for the bulls today with this RSI and channel breakdown.
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Palantir Stock Looks Intriguing Despite Valuation Concerns
By: Vince Martin | August 18, 2022
• PLTR stock has moved sideways since going public in late 2020
• The company’s financial performance, however, has been solid, answering two key questions surrounding the business
• Valuation remains a concern, but there’s a case for paying up here
Palantir Technologies (NYSE:PLTR) is a controversial company; it’s always going to be.
Its role in global warfare and domestic programs in the U.S. and Europe upsets many people. On occasion, even Palantir’s own employees have questioned their company’s contracts.
But when Palantir went public via a direct listing in 2020, analysts labeled it a controversial stock, for reasons that go far beyond politics. Skeptics pointed to two critical issues with the company’s business model.
The first was whether Palantir was, as it claims, a software company. Obviously, the Denver, Colorado-based company does develop software. Still, the customized nature of its solutions and the number of engineers required to install them has long led to claims that Palantir is more of a consulting company than a software firm. One ardent bull even addressed those concerns in April.
The second was Palantir’s reliance on the U.S. government for a good chunk of its revenue. Even disregarding the political nature of those contracts, government revenue typically doesn’t grow all that fast.
Even the company's management tacitly admitted this concern was valid. However, since going public, and even before, Palantir has focused on growing its presence in the commercial market.
Valuation still is a question mark, and last week’s earnings report looked disappointing. But growth investors should be taking a long look at PLTR here. The stock is now down two-thirds from its 52-week high.
Palantir Answers The Critics
In 2019, according to figures from Palantir’s Form S-1, Palantir’s gross margins were just 67%, down from 72% the year before. Repriced stock options were a factor, but the company also called out higher employee expenses.
Ostensibly, those expenses came from the engineers required to deliver Palantir’s custom-built solutions—which, again, is the mark of a consulting firm, not a traditional SaaS (software-as-a-service) provider.
The 67% print, meanwhile, was far lower than the 80%-plus figure generated by many larger software companies. That raised concerns that Palantir wouldn’t reach the same operating margins, leading investors to pay 20x revenue (or more) for faster-growing software plays.
However, as Palantir’s software products have accelerated their growth, gross margins have responded in kind. The figure was 78% in 2021 and closer to 79% in the first half of this year.
In terms of government reliance, there too results have improved. Commercial revenue more than doubled in 2021 and has done the same through the first half of this year.
Yet, PLTR stock hasn’t provided long-term gains. The stock opened for trading in 2020 at $10 per share and is currently trading at $9.43.
PLTR Weekly Chart
But, to be fair, that alone doesn’t make the stock a buy.
The Case For PLTR Stock
Based on 2022 guidance, Palantir still trades at more than 8x revenue. The company is guiding for an adjusted operating profit, but that figure excludes a huge amount of stock-based compensation. That expense has totaled $295 million already this year, a figure nearly equal to the full-year outlook for operating profit ($341 million to $343 million). In the first half, stock comp was more than 30% of revenue.
On the second quarter conference call, chief executive officer Alex Karp predicted the company wouldn’t be profitable until 2025. From that point, the company should have room for growth, but this still has an enterprise value of roughly $16 billion.
Still, this might be a company worth paying up for. The new software platforms are clearly hitting. Karp spoke passionately on the Q2 call, making a persuasive argument for his company and (indirectly) its stock. Karp argued that threats were rising globally, making Palantir’s products ever more valuable—and that those products had left competitors in the dust.
The CEO emphasized that point in an unusual way, admitting that Palantir this year had brought on “a number of customers…that, quite frankly, didn’t like us,” including the U.S. government.
That’s not something you’ll hear from just about any other CEO. But, to Karp and PLTR bulls, that’s precisely the point. PLTR isn’t just any other company, meaning it shouldn’t be valued as such. And at least as far as the business goes, Karp and the bulls have been right so far.
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Palantir Technologies (PLTR) Price Target Cut to $6.00
By: MarketBeat | August 9, 2022
• Palantir Technologies (NYSE:PLTR - Get Rating) had its target price lowered by research analysts at Citigroup from $7.00 to $6.00 in a research note issued to investors on Tuesday, The Fly reports. Citigroup's target price suggests a potential downside of 38.90% from the company's current price...
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Palantir Technologies Inc. (PLTR) Receives Average Rating of "Hold" from Brokerages
By: MarketBeat | August 8, 2022
• Shares of Palantir Technologies Inc. (NYSE:PLTR - Get Rating) have received an average rating of "Hold" from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.27...
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Palantir Technologies (PLTR) Stock Plummets on Dismal Outlook
By: Schaeffer's Investment Research | August 8, 2022
• The company announced a mixed second-quarter report, too
• Options volume is running at 5 times the intraday average
Palantir Technologies Inc (NYSE:PLTR) stock is staging a post-earnings slide this morning, down 13.3% at $9.92 at last glance, after its mixed second-quarter report. The software name posted a worse-than-expected loss of 1 cent per share, while revenue beat analyst estimates. What is mostly weighing on the shares today, however, is the company's lowered full-year and current-quarter revenue forecasts, after the timing of its government contracts became "uncertain."
Today's drop has PLTR on track to snap an eight-day win streak, after the security closed above the 150-day moving average for the first time since November over the last session. Now, the shares have pulled back to a trendline connecting higher lows since its May 12, record low of $6.44. Year-to-date, the equity is down 45%.
Analysts have yet to chime in after the event, though the majority lean bearish. Of the nine in coverage, six carry a tepid "hold" or worse rating. Meanwhile, short interest account for 6.3% of the stock's available float.
When we last checked in with PLTR, its options pits were showing a stronger-than-usual penchant for puts. Today, however, 170,000 calls and 71,000 puts have been exchanged, with overall options volume running at five times the intraday average. The 8/12 10-strike call is the most popular contract by far, with new positions being bought to open there.
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Disappointing...$PLTR Smacked down to ~3 month channel support before the opening bell
By: TrendSpider | August 8, 2022
• $PLTR Smacked down to ~3 month channel support before the opening bell.
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Palantir $PLTR reports earnings tomorrow before the markets open
By: Stock Market News | August 7, 2022
• Palantir $PLTR reports earnings tomorrow before the markets open, Wall ST is expecting numbers of
EPS of $0.03 down from $0.04 in Q2 2021
Rev of $471.72M up 25.6% YoY
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Palantir Technologies (PLTR) Weekly breakout above supply
By: Theta Warrior | August 7, 2022
• $PLTR Weekly breakout above supply.
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Investors Purchase High Volume of Call Options on Palantir Technologies (PLTR)
By: MarketBeat | August 5, 2022
• Palantir Technologies Inc. (NYSE:PLTR - Get Rating) was the target of some unusual options trading activity on Friday. Stock investors bought 180,210 call options on the company. This represents an increase of 22% compared to the average volume of 147,790 call options...
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Palantir That is EIGHT straight green day for Palantir heading into the company's earnings release on Monday
By: TrendSpider | August 5, 2022
• $PLTR That is EIGHT straight green day for Palantir heading into the company's earnings release on Monday. Predictions?
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Earnings Preview: Palantir Technologies Inc. (NYSE: PLTR)
By: 24/7 Wall St. | August 4, 2022
• Here are previews of four earnings reports due out first thing Monday morning.
Palantir
Over the past 12 months, shares of Palantir Technologies Inc. (NYSE: PLTR) have declined by almost 50%. Since posting a 52-week high in mid-September, shares have declined by about 61%. The tech sector is down about 4.3% over the past 12 months, and the software industry is lower by about 7.1%. Between early May and late July, Palantir stock traded below its September 2020 IPO price of $10 a share. Palantir simply has not walked the talk, and what growth it has been able to show has in some part come from companies it has invested in.
Of 14 analysts covering the stock, just four have a Buy rating and seven have a Hold rating. At a share price of around $11.20, the upside potential based on a median price target of $12.00 is 7.1%. At the high price target of $20.00, the potential upside is almost 79%.
The consensus second-quarter revenue estimate is $471.72 million, up 5.7% sequentially and by 25.6% year over year. Adjusted EPS are forecast at $0.03, up 57.1% sequentially but 25% lower year over year. For full fiscal 2022, estimates call for EPS of $0.16, up nearly 25%, on sales of $1.98 billion, up 28.3%.
The stock trades at 69.1 times expected 2022 EPS, 47.2 times estimated 2023 earnings of $0.24 and 33.8 times estimated 2024 earnings of $0.33 per share. Palantir stock’s 52-week range is $6.44 to $29.29, and the company does not pay a dividend. The total shareholder return for the past year is negative 49.6%.
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$PLTR Nice relative strength today!
By: TrendSpider | August 2, 2022
• $PLTR Nice relative strength today! First close above the 100 day EMA since November 2021 today.
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Palantir Technologies (PLTR) Set to Announce Earnings on Monday
By: MarketBeat | August 1, 2022
• Palantir Technologies (NYSE:PLTR - Get Rating) will be releasing its earnings data before the market opens on Monday, August 8th. Analysts expect Palantir Technologies to post earnings of $0.03 per share for the quarter. Palantir Technologies has set its Q2 2022 guidance at EPS.Persons that wish to register for the company's earnings conference call can do so using this link...
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$PLTR Another Palantir insider cashes out big time
By: TrendSpider | July 27, 2022
• $PLTR Another Palantir insider cashes out big time.
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***Verifying: http://openinsider.com/search?q=PLTR
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Palantir (PLTR) Stock is Showing Signs of Life
By: Schaeffer's Investment Research | July 26, 2022
• Q1 Fiscal 2022 Earnings Release
Enterprise and government data analytics services provider Palantir Technologies (NASDAQ: PLTR) stock has plummeted nearly (-46%) in 2022. According to its CEO Alex Karp, Palantir thrives in both good and bad times. He claims they predicted inflation and built the Company to had free cash flow, not just growth. However, the Company is growing at 30% and expects revenues to maintain that pace through 2025. Commercial revenues rose 54% adding 40 new customers resulting 86% client growth. Since the Russian Ukraine conflict, the Company has been providing western militaries with needed artificial intelligence software. It’s platform has been used to power refugee relief operations and World Food Programs and Ukraine response. Real-world events are helping drive long-term opportunities. The Company operates on a land and expand model where they win contracts and then expand into more applications and opportunities. CEO Karp stated that what was Amazon AWS (NASDAQ: AMZN) in the last decade, it’s Foundry platform will be in the next. This has been successful in continuing to build its business with the U.S. Army, Department of Defense, and Space Systems. Rising recession risk has not yet be shown to impact data analytics solutions offered by Palantir, indicating it may even be a hedge. Prudent investors looking for exposure in the clandestine cloud-based predictive data analytics segment can watch for opportunistic pullbacks in shares of Palantir.
Q1 FISCAL 2022 EARNINGS RELEASE
On May 9, 2022, Palantir reported its fiscal Q1 2022 results for the quarter ending March 2022. The Company reported an earnings-per-share (EPS) profit of $0.02 missing consensus analyst estimates for a profit of $0.04. Revenues grew 30.8% YoY to $446.31 million, beating analyst estimates for $443.51 million.
DOWNSIDE GUIDANCE
Palantir expects fiscal Q2 2022 revenues between $470 million versus $483.76 million consensus analyst estimates. This is a base case and could rise in response to responding to any geopolitical developments. Palantir expects adjusted operating margin of 20%. Fiscal full-year 2022 operating margin is expected at 27% and expects annual growth to continue at 30% through 2025.
CONFERENCE CALL TAKEAWAYS
Palantir CEO Alex Karp pointed out that trend they believed would happen are happening at an accelerated rate. He continued ramble about the genesis of escapism to the Metaverse without solving problems where inputs are anti-correlated. He stated that Palantir thrives in the good times and bad times. The Company throws off free cash flow and expected inflation. The quality of government revenues are crucial since inflation will suffer from inflation. He continued his expounding the virtues of the Company, “Palantir, we are playing a critical, crucial and much bigger role than we're allowed to mention or would ever discuss in public and current events. Obviously, commercially, because our partners and other future partners are being disrupted. Their supply chains are disrupted. There's a threat of a disruption in the broader economy. And we are -- and they -- many realize that the reality of a truly monumental, epic and horrific disruption in the form of a nuclear attack is much higher than is being reported. But also in the government context where we are playing an outsized role, and we're very proud of that and we're proud of the people we're able to support.” He went on to say that Palantir’s products are on the front line and on the news every day and would someday like to discuss exactly what they’re doing. However, it’s clandestine nature and can’t be revealed. Palantir CFO Shyam Sankar added that Foundry will be the place to build applications of the future, “With Foundry, you're 90% of the way there on day 1. Software-defined data integration, native multi-tenancy for your applications, the OPIs, version pipelines, applications, artifacts, to just name some of the components, that make Foundry work from the start.”
PLTR Opportunistic Pullback Levels
Using the rifle charts on the weekly and daily time frames provide a precision view of the landscape for PLTR stock. The weekly rifle chart downtrend made a bottom near the $6.57 Fibonacci (fib) level. The weekly 5-period moving average (MA) is rising at $9.70 to attempt a breakout on a crossover through $9.57. The weekly stochastic has a mini pup through the 40-band. The weekly market structure low (MSL) buy triggered on a breakout through $8.58. The weekly upper Bollinger Bands (BBs) sit at $15.07. The daily rifle chart is attempting a breakout as the 5-period MA crosses up through the 15-period MA at $9.64 towards the daily upper BBs at $10.81. The daily 50-period MA support sits at $8.84 and 200-period MA resistance sits at $14.64. Prudent investors can watch for opportunistic pullback levels at the $9.37 fib, $8.58 weekly MSL trigger, $7.79 fib, $7.37, $6.57 fib, $5.55 fib, and the $4.83 fib level. Upside trajectories range from the $12.52 level up towards the $17.22 fib level.
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$PLTR Channeling into previous support. This $10.50 level continues to be important!
By: TrendSpider | July 23, 2022
• $PLTR Channeling into previous support. This $10.50 level continues to be important!
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Palantir's Recent Strength 'Unsustainable' - Monness, Crespi, Hardt
By: Investing.com | July 22, 2022
• Palantir (NYSE:PLTR) has been downgraded to Neutral from Buy by a Monness, Crespi, Hardt analyst on Friday, with the analyst saying they are moving to the sidelines after a generous rebound.
Describing the last several months as "harrowing" for next-gen software companies still trying to gain credibility with investors, the analyst stated the road ahead appears treacherous.
"Palantir's stock has enjoyed a sharp rebound from the lows made in May and we fear this strength will prove unsustainable in the current environment," he wrote.
"In our view, Palantir is well positioned to benefit from strong secular trends around digital transformation, Big Data, the cloud, and artificial intelligence; however, the economy appears to be in a recession, equity markets are in turmoil, and the geopolitical landscape is unpredictable," explained the analyst.
"We believe Palantir will at least meet our 2Q:22 revenue estimate of $459.4 million (up 22%; Street is at $470.9 million) and our EPS forecast of $0.01 (Street is at $0.03). Our revenue estimate is below the Street and lower than guidance. That said, 2Q:22 profits could be susceptible to the negative impact of non-operating items, including unrealized losses from investments."
Palantir shares tumbled over 6.6% Friday.
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Palantir Technologies (PLTR) Coverage Initiated at Raymond James
By: MarketBeat | July 21, 2022
• Research analysts at Raymond James initiated coverage on shares of Palantir Technologies (NYSE:PLTR - Get Rating) in a research report issued on Thursday, The Fly reports. The brokerage set a "strong-buy" rating on the stock...
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$PLTR The slow climb higher continues as Palantir inches closer to the Fair Value Gap around $11.50
By: TrendSpider | July 20, 2022
• $PLTR The slow climb higher continues as Palantir inches closer to the Fair Value Gap around $11.50.
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Palantir Technologies Inc. (PLTR) Receives Average Rating of "Hold" from Brokerages
By: MarketBeat | July 14, 2022
• Palantir Technologies Inc. (NYSE:PLTR - Get Rating) has been given a consensus recommendation of "Hold" by the eleven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.27...
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Palantir Trying to hold onto trendline support as MACD gets a bearish cross
By: TrendSpider | July 15, 2022
• $PLTR Trying to hold onto trendline support as MACD gets a bearish cross.
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Larger Block *Size* 2,500,000 Shares @9.52 #darkpool Activity Coming in to PLTR
By: Money Flow Mel | July 12, 2022
• $PLTR Larger Block *Size* 2,500,000 Shares @9.52 #darkpool Activity Coming in.
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Palantir (PLTR) Currently sitting at this crucial trendline support in PM trading
By: TrendSpider | July 12, 2022
• $PLTR Moving towards the fair value gap above but running into overhead supply at the $10 level.
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Palantir Technologies Weekly making higher lows trading just below prior support
By: Theta Warrior | July 10, 2022
• $PLTR Weekly making higher lows trading just below prior support; breakout or rejection on the near horizon.
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Alexander D. Moore Sells 37,076 Shares of Palantir Technologies Inc. (PLTR) Stock
By: MarketBeat | July 6, 2022
• Palantir Technologies Inc. (NYSE:PLTR - Get Rating) Director Alexander D. Moore sold 37,076 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $9.20, for a total value of $341,099.20. Following the completion of the sale, the director now owns 1,923,852 shares in the company, valued at $17,699,438.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link...
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BofA Sees Palantir (PLTR) Benefiting from Stronger Government Demand for Data Oversight
By: Investing.com | July 5, 2022
Bank of America analyst Mariana Pérez Mora has reiterated a 'Buy' rating on Palantir (NYSE:PLTR) shares as she believes the company will benefit from government demand for data oversight.
A recent report by the Government Accountability Office (GAO) showed that 18 out of 24 government agencies have begun to incorporate facial recognition technology (FRT) data.
“However, internal studies have shown that many agencies have relied on non-federal FRT systems and were not effectively tracking usage, an unsafe and potentially compromising practice. For context, out of 14 federal agencies using FRT to conduct criminal investigations, 13 did not track employee use of non-federal FRT systems,” the analyst wrote in a client note.
Hence, Pérez Mora sees a revenue opportunity for Palantir as the government increases its focus on managing FRT data usage.
“The company’s Foundry software enables granular access controls, oversight of data usage, and secure cross-agency collaboration. In its 2021 10K filing, Palantir commits to ensuring that its software is as effective as possible while preserving individuals’ fundamental privacy rights. The company argues that Palantir platforms were built from the start to protect individual privacy and prevent the misuse of information.”
Pérez Mora also reflected on the criticism targeted at Palantir for the implications around privacy rights on its platforms’ use of FRT data.
“The amount of data generated by these types of sensors is rapidly increasing and the need for granular access controls provides significant opportunities for technologies like Palantir’s. Most of us are probably reading this from a device that required some kind fingerprint or facial recognition and our license plate was captured several times on our way to a 4th of July vacation,” the analyst wrote in a client note.
Palantir shares are down 1.2% in pre-open Tuesday.
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Palantir Technologies Inc. (PLTR) Insider Sells $784,606.77 in Stock
By: MarketBeat | June 28, 2022
• Palantir Technologies Inc. (NYSE:PLTR - Get Rating) insider Ryan D. Taylor sold 77,607 shares of the firm's stock in a transaction on Friday, June 24th. The stock was sold at an average price of $10.11, for a total value of $784,606.77. Following the completion of the transaction, the insider now owns 606,526 shares of the company's stock, valued at approximately $6,131,977.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink...
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