Palantir Technologies Inc (PLTR)

[wagner]

Sold some options

:=)

Good to face facts instead of lies

[wagner]

Palantir Extends Work to Power U.S. Army Vantage Program

Source: Business Wire

Palantir Technologies Inc. (NYSE: PLTR) today announced the extension of its pivotal partnership with the U.S. Army’s Program Executive Office for Enterprise Information Systems (PEO EIS) to continue operating and enhancing the Army Vantage data-driven operations and decision-making platform. This contract is a one-year continuation of our work in support of the U.S. Army’s objective to institute a long-standing Army Data Platform (ADP) capability. The total contract value, inclusive of options, is $115.04 million, with $97.35 million awarded and initial funding obligated in the amount of $35.6 million.

The Army Vantage program is a cornerstone in the U.S. Army’s transformative efforts to leverage data as a strategic asset, integrating data sources from within the Army and across the Department of Defense to provide a holistic, real-time operational enterprise data ecosystem.

Under the extended contract, Palantir will continue to provide its open data and analytics platform through continuous delivery to provide new AI-enabled capabilities and open platform infrastructure that promotes the program’s evolution to the Army Data Platform vision. This extension is a testament to Palantir’s continued success in empowering U.S. military decision-makers with actionable insights and advanced analytical capabilities through the delivery of a secure and open data environment.

[wagner]

First army in
Little fomo expected...

[MrSmith97062]

*** Literally 5 mins after I posted this - I found this link ****
https://www.defense.gov/News/Contracts/Contract/Article/3618281/

Renewal is 1 year - $115M. Funny thing. They can't replace Vantage in a year. So they're going to keep Palantir on a short leash I guess
***********************************************************

With the huge price drip that happened after the William Blair analyst Louie DiPalma posted his negative view, I went down the Rabbit Hole trying to research the contract in question. Here's what I found.

Some names are important to understand upfront. The 2019 original contract was to service the Army Vantage program. This has been folded into the Army Data Platform 2.0 (ADP).

First, you can find the slides DiPalma is talking about here:
https://www.eis.army.mil/sites/default/files/2023-11/PEO%20EIS%20Forecast%20to%20Industry%20Slides%2030%20NOV%202023.pdf
Slides 15 to 19 are specifically about ADP.
One thing that jumps out is on slide 18
Capabilities We Need
▪ Modular solutions that are not tightly coupled
with any one technology/solution
▪ The ability to integrate with existing CI/CD
pipelines
▪ Open architectures with limited proprietary or
intellectual property restrictions

I think this is where DiPalma gathered the idea (and maybe he was in the presentation and heard more color) - that ADP is looking to go away from PLTR towards open source technology, or at least a multi-vendor approach.

But what seems more likely to point to a smaller renewal (smaller in terms of the original $418M) are the PEO EIS Procurement Forecasts over the last 2 years.

Google PEO EIS Procurement Forecast filetype pdf to find them.

https://www.eis.army.mil/sites/default/files/2022-08/PEO%20EIS%20procurement%20forecast%20updated%2012%20AUG%202022.pdf
https://www.eis.army.mil/sites/default/files/2022-11/ABID%20PEO%20EIS%20procurement%20forecast%207%20NOV%202022%20-%20FINAL%20%281%29.pdf
https://www.eis.army.mil/sites/default/files/2023-05/PEO%20EIS%20Procurement%20Forecast%20FINAL%2018%20MAY%202023.pdf
https://www.eis.army.mil/sites/default/files/2023-08/PEO%20EIS%20Procurement%20Forecast%2025AUG2023.pdf
https://www.eis.army.mil/sites/default/files/2023-11/PEO%20EIS%20procurement%20forecast%2029%20NOV%202023.pdf

August 12, 2022 and November 7, 2022 publish dates:
Vantage is listed
Description: Software as a Service enabling Army Vantage Data Analytics Platform
Estimated Contract Value: $250M to $1B
Estimated Solicitation Release: April-23
Estimated Award: Oct-23
Incumbent: Palantir

May 18, 2023 publish date:
Vantage is listed
Description: Software as a Service enabling Army Vantage Data Analytics Platform
Estimated Contract Value: TBD
Estimated Solicitation Release: TBD
Estimated Award: TBD
Incumbent: Palantir

August 25, 2023 publish date:
Vantage is listed adding (Army Data Platform ADP)
Description: Software as a Service enabling Army Vantage Data Analytics Platform
Estimated Contract Value: $300M to $500M
Estimated Solicitation Release: April-24
Estimated Award: Jan-25
Incumbent: Palantir

November 29, 2023
Army Data Platform 2.0 ADP - Vantage is no longer listed (name aligns with slides)
Description: Multi-Vendor/Multi Award modular contract that will provide all elements of an Enterprise Data Platform
Estimated Contract Value: TBD
Estimated RFI Release: Dec-23
Estimated RFP Release: TBD
Estimated Award: TBD
Incumbent: N/A

So here is my take on the above. Palantir was in the running for a large renewal in 2022. Then something happens. No idea what, but in May of 2023, all of the forecasting goes basically to "To Be Decided" status. So things are changing. Could be Palantir going for the brass ring on getting to a $1B renewal, could be Army really doesn't like a single vendor solution, could be that they simply aren't happy.

Then in August of 2023, forecast is back, greatly reduced (from $250M-$1B down to $300-$500M). But more critical, now the Solicitation Release has moved a year out, as has the Estimated Award date. I think this telegraphs that the Army is looking to change the platform. But at least here there is an acknowledgement that Palantir is the Incumbent to this project.

Then in November, all bets are off. Description isn't SAAS anymore with Palantir as the Incumbent, it's a totally new (replacement) platform. Multi-Vendor/Multi-Award. Request for Information (RFI) for vendors will be released in December. This means to me, they are starting over.

So what does this mean for the renewal? Unless they plan to shut it off, they will need to renew at some level. I'll guess that the renewal is for $350M for 3 years, with the idea that Palantir is out in favor of a "multi-vendor" solution. My guess is the DiPalma comments on ownership of data have to do with the Vantage platform being SAAS, and the 30,000 some data sets integrated by Palantir go away if Palantir goes away. Said differently, Palantir is saying "if we go, so do the integrations and your ability to view, mine, act on the data". This I am sure is not popular with the Army’s goal of not being beholden to one provider.

For disclosure – I am long a small amount of PLTR (stock and calls). I do not work there (would love to though!). And while this will be a disappointment if I am right, it won’t matter.

Keep in mind that if I’m reading it right, and the Army decided mid-year last year to go another way, Palantir has known the whole time. And they still reaffirmed and up’d guidance.

[wagner]

Performing apple, nvidia and microsoft out

Nice..... Army Contract tomorrow could get real

[wagner]

Chart is getting a warm up to 19sss

[wagner]

Everybody smells more contracts..

https://eu.usatoday.com/story/news/politics/2023/12/13/senate-oks-886-billion-defense-bill-with-pay-raises-ukraine-aid/71840431007/

[girlfriend]

What’s an “ars?”

TIA

[MBEANS]

Your an ars

[jdheart101]

Easy 16 today

[jdheart101]

Insiders selling Pltr buying Broadcom , that’s what insider buying tells ya

[jdheart101]

Not participating like I said

[wagner]

Palantir Renews Digital Transformation Partnership with UniCredit for Another Five Years

Source: Business Wire

Palantir Technologies Inc. (NYSE: PLTR), a leading provider of AI systems, today announced it had renewed its partnership with UniCredit S.p.A to deploy the Palantir Foundry operating system to accelerate the bank’s digital transformation and help increase revenue and mitigate risks.

Palantir and UniCredit first partnered in 2018 as the bank sought technology that could streamline sales spanning jurisdictions, better operationalize machine learning and artificial intelligence, enforce policy compliance, and enhance decision making on the front lines. The bank chose Palantir Foundry as the operating system for the enterprise, leveraging a single, open and integrated platform across entities and business lines and enabling synergies across the Group.

[Blue Skys]

The benefits of the PLTR software for NHS are being revealed!
https://winepressnews.com/2023/12/08/uks-nhs-is-asking-patients-to-select-what-gender-they-are-with-a-spectrum-of-options-such-as-demiboy-or-genderfluid/

[wagner]

https://investorplace.com/2023/12/pltr-stock-alert-palantir-announces-partnership-with-plascred/

[wagner]

Small minus :))

[jdheart101]

Notice they stopped pumping lol

[jdheart101]

Thank karp and co for this embarrassment

[wagner]

PlasCred Circular Innovations Inc. Enhances Logistics and Operations with Palantir Technologies Inc. Software in Strategic Collaboration

Source: PR Newswire (Canada)

CALGARY, AB, Dec. 12, 2023 /CNW/ - PlasCred Circular Innovations Inc. (the "Company" or "PlasCred") (CSE: PLAS) (Frankfurt: 304A), a transformative leader in the plastic waste upcycling sector, proudly announces a strategic collaboration with Palantir Technologies Inc. (the "Company" or "Palantir") (NYSE: PLTR), a leading provider of AI systems globally and in Canada. This partnership signifies a major step in integrating advanced AI technology into PlasCred's environmental efforts, particularly focusing on refining supply chain logistics for plastic waste feedstock and optimizing operational processes.

[jdheart101]

Mgmt still selling

[wagner]

Nice cpi data, will help anyone, specifically techs today

[Uranium]

Hahahaha! No I obviously misread the action. I also didn’t know that a large holder liquidated millions.

[Denisk]

still waiting for the $14.96 price????

[wagner]

No pump
Market leader..... :)

Funds buying

[jdheart101]

Keep pumping for us all maybe you will fave an impact someday

[wagner]

https://fintel.io/so/us/pltr
Institutions increase more... 40%

[wagner]

Down with the nasdaq, let's wait how that works out before Christmas with army contracting and others

[wagner]

Fir a good reason
Next year aiming 30s
with bigger contracts coming

[jfkspire]

$PLTR,,Cathie Wood Keeps Loading Shares!!

[wagner]

We have closed green and my guess we will do so today.
The big sales from Insurance Company in Japan has nothing to do with the company itself.

20s will be back and already more contracts!

[jdheart101]

If there weren’t some sort of issues here at Pltr we would be 23 or 24 bucks today , something is sketchy

[jdheart101]

And we are red , Cathy wood is a contrarian investor and hated on Wall Street ,

[jdheart101]

I’m watching , Pltr not participating in rally

[jdheart101]

Should see 16s today

[jdheart101]

Oh I will be watching

[wagner]

Watch today and come back q1 2024

[jdheart101]

Insiders sell because they believe it’s time to take profits

[wagner]

Reason for the drop, finished :)

https://news.bloomberglaw.com/bankruptcy-law/sompo-hd-books-86b-yen-gain-on-palantir-stake-sale-nikkei-says

[wagner]

Was pretty clear she was doing it:)

[DiscoverGold]

Cathie Wood's ARK Invest Buys 1,578,738 Shares of Palantir Technologies (PLTR)
By: Ark Invest Daily | December 6, 2023

• Cathie Wood and Ark Invest's trade activity from today 12/6.





Read Full Story »»»

DiscoverGold

[jdheart101]

Cathy and karp have 1 thing in common they are both hated by Wall Street

[novicetrader]

Hopefully Cathie Wood buying a chunk today helps reverse the direction here, I added too

[Uranium]

I am long $PLTR, but I gotta say it looks like it's wanting to try and fill the gap at $14.96. It certainly may not go that low but if it does, I'll add significantly to my position. Just an observation and a promise

[jdheart101]

You been wrong about everything the last 2 weeks but we will see tomorrow

[Blue Skys]

It was a quick dip to fill the gap which is now filled due to the stock having traded inside the gap range and a chance for the market makers to grab inventory. I still think that there is another shoe to drop here and another imminent rally.

[wagner]

Tomorrow will be green, deeply oversold already and not one institution is selling!

[jdheart101]

16s next

[jdheart101]

Hey let me get back in and take it to 25 :)

[jdheart101]

Also they sold minimal shares at 7 (1000s) and then most if not all at 21 (millions), they knew what they were doing just to be able to say yea but we also sold at 7 also

[wagner]

More bigger contracts will come in
Global market leader.....