News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Why Palantir (PLTR) Stock Is Trading Up Today
By: Investing.com | September 27, 2023
What Happened: Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 5.23% in the morning session after the announcement that it secured a $250 million firm-fixed-price contract earmarked for research and development efforts in artificial intelligence (AI) and machine learning (ML).
The Army Contracting Command, based in Aberdeen Proving Ground, Maryland, will oversee the contracting activity, with the contract expected to be completed by September 25, 2026.
Is now the time to buy Palantir? Find out by reading the original article on StockStory.
What is the market telling us: Palantir's shares are very volatile and over the last year have had 43 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 27 days ago, when the company dropped 5.27% on the news that Morgan Stanley analyst Keith Weiss downgraded the stock's rating from Equal-Weight (Hold) to Underweight (Sell) with a $9 price target. The price target implied a potential 45% downside from where shares were traded when the downgrade was announced. This action was driven by concerns surrounding the near-term outlook of Palantir's AI products, and a valuation premium that poses an unfavorable risk-reward. Weiss added that visibility into the new Artificial Intelligence Platform (AIP) remained low, raising worries regarding the government segment's ability to offset a potential decline in revenues, as estimates have baked in a growth acceleration in the second half of the year.
It is worth recalling that, during the Q2'2023 earnings call, management provided some insights into the progress made so far on the new AI platform, stating, "We have no problem monetizing. We make $2.9 million per commercial customer across the world. We will figure out how to monetize it. First, we're teaching the market what it is. We're getting people on Board."
Weiss's downgrade shows that Morgan Stanley thinks there is too much good news priced into the stock with regards to Palantir's AI prospects without enough concrete evidence. This is a major flashpoint in the markets today as investors debate how large the AI opportunity will be, when it will be realized, and who the true winners and beneficiaries are.
Palantir is up 133% since the beginning of the year, but at $14.87 per share it is still trading 25.6% below its 52-week high of $19.99 from July 2023. Investors who bought $1,000 worth of Palantir's shares at the IPO in September 2020 would now be looking at an investment worth $1,570.
Read Full Story »»»
DiscoverGold
Palantir Technologies, Inc. $PLTR if we loose 13.5 no support til 10.25 area
By: Options Mike | September 24, 2023
• $PLTR if we loose 13.5 no support til 10.25 area.
Read Full Story »»»
DiscoverGold
You can view her daily trade transactions at:
https://twitter.com/ArkkDaily
DiscoverGold
These are daily reports therefor it's safe to assume all of those shares were bought at that date.
DiscoverGold
Cathie Wood's ARK Invest Buys 1,029,932 Shares of Palantir Technologies (PLTR)
By: Ark Invest Daily | September 21, 2023
• Cathie Wood and Ark Invest's trade activity from today 9/21.
Read Full Story »»»
DiscoverGold
Palantir $PLTR is still very underowned among hedge funds, even though they have increased their stakes by 30%+ as of 6/30
By: HedgeMind | September 19, 2023
• $PLTR is still very underowned among hedge funds, even though they have increased their stakes by 30%+ as of 6/30.
Only ~4% of 1000+ hedge funds currently hold $PLTR positions, while overall 12%+ of institutional investors are holders.
Hedge funds were not serious buyers of $TSLA until 2019.
Palantire's CEO said "the demand for AIP is unlike anything we have seen in the past twenty years." in his latest letter to shareholders.
We shall see if the same would happen to $PLTR when its AI Platform starts to generate revs in the not distant future.
Read Full Story »»»
DiscoverGold
Renaissance Technologies Sells 2,386,403 Shares of Palantir Technologies Inc. (PLTR)
By: MarketBeat | September 8, 2023
• Renaissance Technologies LLC cut its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,613,757 shares of the company's stock after selling 2,386,403 shares during the period. Palantir Technologies makes up 0.5% of Renaissance Technologies LLC's investment portfolio, making the stock its 28th biggest holding. Renaissance Technologies LLC owned 1.93% of Palantir Technologies worth $343,186,000 as of its most recent SEC filing...
Read Full Story »»»
DiscoverGold
Palantir Technologies $PLTR Bear flag starting to break down this morning, volume disappears below ~$13 support.
By: TrendSpider | September 7, 2023
• $PLTR Bear flag starting to break down this morning, volume disappears below ~$13 support.
Read Full Story »»»
DiscoverGold
Palantir $PLTR one of the weaker names this AM with a potential bear flag setting up, worth a watch this week
By: TrendSpider | September 5, 2023
• $PLTR Palantir one of the weaker names this AM with a potential bear flag setting up, worth a watch this week.
Read Full Story »»»
DiscoverGold
Cathie Wood's ARK Invest Buys 673,002 Shares of Palantir Technologies (PLTR)
By: Ark Invest Daily | August 31, 2023
• Cathie Wood and Ark Invest's trade activity from today 8/31.
Read Full Story »»»
DiscoverGold
Pltr share price unstable and unreliable.
The positive signal that chart gave a day ago has gone away.
Palantir Technologies Inc comes across more hype than value.
GLTA
Analyst: Is Palantir (PLTR) Stock the Right AI Play?
By: Schaeffer's Investment Research | August 31, 2023
• Morgan Stanley downgraded Palantir stock to "underweight," but did hike its price target
• PLTR is up 134% in 2023 but has shed 24.2% in August
Palantir Technologies Inc (NYSE:PLTR) is sitting out the broad market rally today, down 7.4% to trade at $15.08 and set to snap a four-day win streak. Morgan Stanley downgraded the software stock to "underweight" from "equal weight" this morning, citing an unfavorable risk-reward profile. The analyst in coverage did, however, lift its price target to $9 from $8.
The brokerage noted this near-term optimism in the AI product cycle and the stock's valuation contribute to a risky setup, especially given "Palantir's lack of a monetization strategy for AIP."
Palantir Technologies is a red-hot artificial intelligence (AI) play, up 154.4% in 2023. However, the broader-market's rut this month, as well as a negative post-earnings reaction, dragged Palantir stock 23.7% lower in August, its worst month on record.
This pullback has prompted a bevy of short sellers, with short interest up 13.7% in the most recent reporting period. The 135.78 million shares sold short account for 7.5% of Palantir stock's total available float.
So far, today's put volume of 44,000 is running at triple the average intraday amount, though 58,000 calls have also been traded -- double the volume typically seen at this point. New positions are being bought to open at the weekly 9/1 15-strike put, which is followed by the 15.50-strike call in the same series.
Read Full Story »»»
DiscoverGold
