Palantir Technologies Inc (PLTR) News

Palantir Selected by Chief Digital and Artificial Intelligence Office (CDAO) to Participate in Scaling Data Analytics and AI Capabilities Across the Department of Defense in Support of CJADC2 Strategy
Business Wire
Thu, May 30, 2024, 4:00 PM EDT

DENVER, May 30, 2024--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE: PLTR) today announced that the Department of Defense Chief Digital and Artificial Intelligence Office (CDAO) awarded its subsidiary, Palantir USG, Inc., a production contract to make licenses of their AI-enabled operating system available across the Department of Defense. Starting with an initial order of $153 million to support certain Combatant Commands and the Joint Staff, additional awards can be made up to $480 million over a 5-year period.

Additionally, CDAO has awarded Palantir a prototype Other Transaction (OT) for $33 million to rapidly and securely onboard third-party vendor and government capabilities into the government-owned, Palantir-operated data environment to meet priority Combatant Command digital needs.

"These awards represent a vital step in warfighter adoption of AI, moving cutting-edge technology from experiment to enterprise production," said Shannon Clark, Head of Defense Growth, Palantir. "We are proud to support the CDAO, enabling commanders to make better, faster decisions across all domains at unprecedented scale."

Palantir’s commercial solutions will be part of the larger CJADC2 ecosystem integrating with other vendors and programs to support battlespace awareness, global integration, contested logistics, joint fires, and targeting workflows. Users will benefit from the current data integrations created as a result of Palantir’s work on fielding AI/ML tools for the warfighter over the last several years.

"In this era of geopolitical competition, the CDAO has become an essential leader in bringing operational CJADC2 capabilities to life through the agile, effective, and responsible deployment of AI/ML," said Akash Jain, President of Palantir USG. "Palantir is honored to continue supporting the CDAO’s mission to develop, field, and scale AI-enabled solutions that advance U.S. defense, and we look forward to working alongside America’s warfighters to ensure these efforts are effective where they matter most – in the field and in the hands of decision-makers at all echelons."

Additionally, government operators and third-party vendors will be able to build data integrations, pipelines, and applications within the platform or on other platforms through open APIs and Ontology Software Development Kits (OSDKs). Palantir’s open infrastructure provides organic use for flexible and rapid response at speed while maintaining the secure collaboration needed to ensure access controls and data protection.

This work follows Palantir’s long-standing partnership with CDAO to support the Global Information Dominance Experiment (GIDE) events, and the development of proven, real-world applications for advanced technologies.

About Palantir Technologies Inc.

Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir’s expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms’ reliability; and our customer’s ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Contacts

Media Contact
Morgan Gress
media@palantir.com

https://www.businesswire.com/news/home/20240530260030/en/Palantir-Selected-by-Chief-Digital-and-Artificial-Intelligence-Office-CDAO-to-Participate-in-Scaling-Data-Analytics-and-AI-Capabilities-Across-the-Department-of-Defense-in-Support-of-CJADC2-Strategy

Hope this is up up and away

PLTR
Palantir Technologies Inc
21.625
0.685 (3.27%)
Volume: 22,148,687
Day Range: 21.02 - 21.64
Last Trade Time: 12:19:55 PM EDT

Cathie Wood & Ark Invest's Buys 25,403 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | May 29, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/29.



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DiscoverGold

SO FAR IT'S HOLDING OK; MY CONCERN NOW IS THE MARKET OVERALL BEING OVERBOUGHT.
ANY EVEN MINOR PULLBACK WILL GET US DOWN 15-20 FROM THESE LEVELS.

The chart actually looks fine. Got a bit carried away in February but coming back in line now. Overall trend and recent Bull Flag converge around $20-$21.

THAT MAYBE THE CASE; BUT THE CHART IS HORRIBLE. 16 IS YOUR DESTINATION

I have watched them for about four years and bought in at $7 when OBV turned up.

$PLTR institutional ownership continues to rise as Wall Street catches up to the reality that this is one of the real AI stories.
By: Markets & Mayhem | May 19, 2024

• $PLTR institutional ownership continues to rise as Wall Street catches up to the reality that this is one of the real AI stories.



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DiscoverGold

OH THE SIGNAL HUNNNH; WOULD THAT BE THE LATIN SIGNAL OR THE CRYSTAL BALL SIGNAL ??
OR COULD IT BE YOUR COUPE HAT AND THOSE M5 GLASSES ??
SENIOR, SENIOR; HOW ABOUT THE SIGNAL FOR TSLA; HOW DID THAT WORK
OUT FOR YOU ????

Stanley Drukenmiller buys 770,000 pltr shares
Looks like big money investors coming in!

Palantir Co-Founder Peter Thiel sold over $272,000,000 in shares last week.
By: TrendSpider | May 14, 2024

• LARGE INSIDER SALE $PLTR

Palantir Co-Founder Peter Thiel sold over $272,000,000 in shares last week.

These are his first transactions since early March.



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DiscoverGold

Pltr share price is still in the mode of the signal given on "7-May-2024 of BULLISH SIGNAL REVERSED". GLTA

Looks like selling is done time to go back up!

16 IS MY LEVEL

Hopefully Peter T. is done selling shares

PLTR is going to the 17.92 gap fill before it can recover, JMHO

The chart showing Pltr share price still in the mode of BULLISH SIGNAL REVERSAL signal given on 7-May-2024.

Although, it is possible for the stock price to REVERSE the REVERSAL, anytime!

I sold 40% of my shares at $25.00 weeks ago. Remaining share average cost is at $14.80 per chare.

Looking forward until share price reversal and resumption of the uptrend. GLTA

Cathie Wood & Ark Invest's Buys 1,353,667 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | May 7, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/7.





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DiscoverGold

The. Troublesome issue with Palantir lies in its current valuation metric
Trailing P/E is in triple digits
The forward ratio is in the high single digits
These two ratios are forecasting a future that is way ahead of the current revenue growth
Hype moved the price in the past 12 months

Interesting market reaction. look like 1800s AI gang operation.

$PLTR gaining traction. I think it is possible to break 22 today, and a new HOD is also possible. Lets see.

Buying PLTR May 24 2024 25 Call like crazy. This was pure manipulation. 27.5 - 30 coming soon, IMO.

*Earnings

A 9 percent drop premarket is obviously complete manipulation on a great but a shave less great as presumed.
Don't be fooled. $30 will come.

CORRECTED-UPDATE 3-Palantir raises 2024 forecast on robust AI demand, but falls short of lofty expectations
7:32 PM ET, 05/06/2024 - Reuters
(Corrects the number of analysts polled in paragraph 3 to 17, not four)

By Arsheeya Bajwa

May 6 (Reuters) - Data analytics firm Palantir Technologies raised its annual revenue forecast on Monday, riding on strong demand for its services that help businesses deploy artificial intelligence applications.

However, its shares fell more than 7% in after-hours trading as the raised revenue forecast was below analysts' expectations.

The company, co-founded by billionaire Peter Thiel, raised the mid-point of its expectations for annual revenue to $2.68 billion, which fell short of an average estimate of 17 analysts of $2.71 billion, according to LSEG data.

"(The share reaction was) probably a result of investors expecting a far greater beat and raise versus what Palantir delivered," said Morningstar analyst Malik Ahmed Khan.

Palantir has benefited from the generative AI boom thanks to its artificial intelligence platform (AIP), which, among other uses, tests and debugs code and helps evaluate AI-related scenarios.

"AIP is driving a huge part of both our new customers and growth within existing customers, and it's having a huge impact on our business," chief revenue officer Ryan Taylor told Reuters.

Taylor said businesses were signing "seven-figure deals shortly" after completing its AI boot camps, which give potential clients access to its platform for up to five days and have been credited with driving rapid customer additions.

Palantir reported first-quarter revenue of $634.3 million which beat analyst expectations and its largest quarterly profit, according to a CEO letter.

Much of the focus has been on the company's attempts to diversify its revenue to reduce its reliance on government spending. Palantir works closely with governments, providing software for visualizing army positions, among other things.

Revenue growth in the U.S. commercial business, which accounts for sales to businesses in the country, slowed to 40% year-over-year in the first quarter, compared to 70% in the prior quarter.

This deceleration was never going to be received well, said RBC Capital Markets analyst Rishi Jaluria.

The Denver, Colarado-based company, however, raised its 2024 U.S. commercial revenue forecast to above $661 million from its earlier expectations of about $640 million.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Tasim Zahid)

After Hour Shake the tree....see who sells................

Timberrrrr…

Every checkout camera photo at CVS, Lowes, Home Depot is pushed to Palantir.
You’re being watched by Peter Thiel and you don’t care.

Don't invest in PLTR because of my post......... do your research on any stock you are interested in......But PLTR does have a similar characteristic I like....
MSFT didn't make computers, they made them run,
PLTR doesn't make AI CHIPS for COMPUTERS
PLTR helps make AI users friendly for companies that use PLTR software....

I like the sound of an early MSFT investment into PLTR. Now to hold for the long term.

This is like buying MSFT in the early stage of growth.

Palantir Technologies (PLTR) Stock Poised For a Big Move This Week
By: Schaeffer's Investment Research | May 6, 2024

• PLTR received a price-target hike before earnings tonight, and could be in store for more

• Palantir reports earnings tonight and has a history of outsized post-report moves

Palantir Technologies Inc (NYSE:PLTR) stock is up 6.5% to trade at $24.85 at last check, thanks to a price-target hike to $23 from $20 at Citigroup. The bull note comes ahead of the software company's first-quarter earnings report, due out after the market closes today.

PLTR is 43.8% higher in 2024, and is trading at its highest level in over a month today. The shares are not far off their March 4 nearly three-year high of $27.50, and have support in place at their upward-sloping 80-day moving average. Year-over-year, the equity is up 234%.

A big chunk of those gains are attributed to post-earnings bull gaps. Palantir has a volatile history of post-earnings reactions, gapping higher by 30.8% after the February report, but also shedding 10.5% after its August report. Overall, the stock averages a post-earnings move of 17.2%, regardless of direction. This time around, for Tuesday's trading, the options market is pricing in a larger-than-expected post-earnings move of 21.4%.

For a stock with all these healthy gains over various timeframes, the analyst community has been awfully slow to react. Of the 14 brokerages covering PLTR, 11 still maintain "hold" or worse ratings. And considering the consensus 12-month price target of $20.87 is a 15.7% discount from the stock's current perch, another encouraging earnings report could prompt more bull notes this week.

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DiscoverGold

Pltr share price had an ASCENDING TRIPLE TOP BREAKOUT on Friday 3-May-2024.

We had share price signal of a DOUBLE TOP BREAKOUT on 26-April-2024.

No idea if Cathie Wood follows T/A... Probably she feels the good vibs? GLTA

PS: The Dailies have been in UPTREND for the past 10 sessions. However, the Weeklies have not confirmed the Dailies yet. Hopefully this week it may happen. We shall see.

PLTR 10Q due 5/6
T+1 settlement begins 5/28

Cathie Wood & Ark Invest's Buys 45,453 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 30, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/30.



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DiscoverGold

I appreciate these updates on Cathie Wood. Thanks for posting them.

Cathie Wood & Ark Invest's Buys 203,197 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 29, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/29.



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DiscoverGold

Palantir Technologies stock was rising Friday after a former Bear upgraded shares of the software firm on confidence in growth thanks to artificial intelligence.

Watch for NEWS from BIG PHARMA using AI to speed up DEVELOPMENT of DRUGS and clinicial data platforms.... This will allow customers to more easily manage clinical trial data and help increase the speed and effectiveness of setting studies
If PLTA get a any of the ACTION (They will) we SHOULD go MUCH HIGHER
Good luck......

Parexel and Palantir Expand Collaboration to Accelerate Clinical Data Delivery and Power Clinical Outcomes for Patients
https://newsroom.parexel.com/news-releases/news-release-details/parexel-and-palantir-expand-collaboration-accelerate-clinical

Pltr share price had a DOUBLE TOP BREAKOUT today on 26-Apil-2024.

Even though the Dailies have been in Uptrend for the last 3 sessions, the Weekly has not confirmed this yet.

The Weeklies have been in Downtrend for the last 2 Weeks. Hopefully this changes as well to an Uptrend soon. I can rarely trust where share price is going with Pltr. We shall see. GLTA

Cathie Wood & Ark Invest's Buys 100,334 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 26, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/26.



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DiscoverGold

Cathie Wood & Ark Invest's Buys 45,229 Shares of Palantir Technologies Inc. (PLTR)
By: Ark Invest Daily | April 25, 2024

• Cathie Wood and Ark Invest's trade activity from today 4/25.



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DiscoverGold

You maybe right......
We will know more after 5/6

Cant go wrong here imo

"That ship has sailed".................IMO
Now we wait for earnings.......on5/6

Entry at 20 looking like a possibility

Buy and HOLD......
That's the Message....
These Prices are at its Lowest it's been in a year.....
It may go lower, but it may turn around after 5l6
Put a Bid in on 5/19 to buy another 500 @ $20.00. Did not fill.

Waiting to see if we get a gap fill and base on the 200 DMA. That's my sense of what will set the stage for the next phase of the rally. Convenient that market conditions are facilitating that.