Palantir goes public: PLTR starts trading on the NYSE

Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2025 and why they should be in your portfolio. Palantir Apollo is an operating system designed to give continuous delivery and deployment of safe, secure Internet access across all operating environments. The system is 1 of 5 recognized by the Department of Defense as a Mission Critical National Security System and used by businesses and organizations for autonomous software deployment. Among its advantages, the system can speed up the development of new software by as much as 50% simply by securing access to sensitive information and networks. Please bear with us as we address this and restore your personalized lists. President-elect Donald Trump recently announced plans to nominate Musk and Vivek Ramaswamy to a new Department of Government Efficiency (DOGE) in an effort to curtail government spending.

Palantir stock hit by major insider trading activity

• So, what does this mean for investors worried they might miss out on the growth story of the year?
• Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock.
• The Motley Fool owns shares of and recommends Palantir Technologies Inc.
• Despite these significant disposals, Karp retains direct ownership of approximately 6.43 million shares of Class A Common Stock, reflecting his continued stake in Palantir’s long-term growth.
• Palantir Technologies (PLTR) raised $0 in an initial public offering on Wednesday, September 30th 2020.

So, what does this mean for investors worried they might miss out on the growth story of the year? I personally believe Palantir has a bright future, but I’m also aware of the potential for significant volatility — particularly in the wake of the stock’s 800% price spike since the start of 2023. The unbridled success of AIP has had a telling effect on Palantir’s results.

October Surprise: Our Monthly Survey of the Economy, Interest Rates,

Few companies are as difficult for non-techies to understand as Palantir (PLTR 0.47%). The software company was started in the aftermath of Sept. 11 and focused on providing counterterrorism intelligence to the U.S. government. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Leading into the company’s quarterly results, sellers moved into the stock, but bulls successfully defended the formation’s lower trendline, with trading volume registering its highest level since early October on review the millionaire next door Monday. In another masterstroke, Palantir took much of the guesswork out of implementing AI solutions by hosting boot camp sessions.

Premium Investing Services

Despite these significant disposals, Karp retains direct ownership of approximately 6.43 million shares of Class A Common Stock, reflecting his continued stake in Palantir’s long-term growth. The transactions on November 20 and 21 were tied to the vesting of 975,000 Class B Common Stock shares, which were converted and sold to cover required tax withholding obligations. MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Although the stock sits poised to open above this level on Tuesday, it’s worth watching for a close above this price located near the stock’s all-time high (ATH) and the broadening formation’s top trendline. If Palantir’s growth continues to accelerate — and I believe it will — investors will want to own a piece of this compelling growth story, but they don’t need to bet the farm to hold a stake. Wall Street, which rarely agrees on anything, is remarkably united in its view on the data mining and artificial intelligence (AI) specialist.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation. Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally.

Performance Overview: PLTR

The government and commercial businesses both performed well, with their revenue jumping 33% and 27%, respectively. Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The most recent bearish take comes courtesy of Jefferies analyst Brent Thill, who points to Palantir’s pricey valuation as the problem. Argus Research analyst Joseph Bonner concurs, suggesting that if Palantir’s growth story were to stumble, “the market tends to punish in highly valued tech stocks.” Palantir, which develops data analysis software for government agencies and large companies, held a direct listing of its stock, giving existing shareholders the opportunity to sell up to 20% of their stake to new investors.

According to 14 analysts, the average rating for PLTR stock is “Hold.” The 12-month stock price forecast is $36.83, which is a decrease of -44.24% from the latest price. Shares of Palantir, founded in 2003, have been widely traded on the private market for years, though the company has struggled to maintain the $20.4 billion valuation from a 2015 financing round. The stock at that time was valued at $11.38 and traded this year for between $4.17 and $11.50. Brent Thill, an analyst at Jefferies, assigned an Underperform rating with a $28 price target in a November 19 investor note.

Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock valued at $3,251,000 after acquiring an additional 250 shares during the period. Quantum Private Wealth LLC lifted its holdings in shares of Palantir Technologies by 1.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock worth $865,000 after acquiring an additional 250 shares during the last quarter. Truvestments Capital LLC boosted its alpari forex broker review position in shares of Palantir Technologies by 2.4% during the 3rd quarter.

During periods of profit-taking, investors should keep a close eye on a zone of support between $41 and $38, where the stock may attract buying interest from the broadening formation’s lower trendline and the September peak. To project an overhead price target above the stock’s ATH, we can use a bars pattern, a chart technique that uses prior price action to predict future moves. In this case, we take Palantir’s trending move from September to October and overlay it from the broadening formation’s lower trendline, which forecasts a target of around $60. On the other hand, Greentech Research analyst Hilary Kramer posited that Palantir “easily can be” a $100 stock, suggesting Wall Street needs to come to terms with the company’s accelerating growth, which she believes has just begun. Of the 20 analysts who cover Palantir, only four rate the stock a buy or strong buy, while 10 recommend holding, and seven rate it a sell. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

The company’s strong results and inclusion into the S&P 500 have helped its stock soar more than 250% this year, as of this writing. Artificial intelligence stocks are soaring in 2024, but only one is the better AI stock between Nvidia (NVDA -4.18%)and Palantir (PLTR). There’s plenty of evidence that Palantir’s (PLTR) stock is in a bubble. History is not on Palantir’s side, and many companies have traded around the lofty expectation its stock currently trades at, an… Growth versus value has long been a key debate in the investing community. And the latest developments at Palantir and SMCI have made them a fitting pair for such comparison.

Notably, Karp sold 1,620,395 shares on November 22, marking the largest single-day transaction in this series of sales. Additionally, on November 22, Karp exercised 1,050,088 employee stock options for $11.38 per share, contributing to the total shares sold. The Motley Fool owns shares of and recommends Palantir Technologies Inc. While Palantir Technologies currently has a “Reduce” avatrade broker rating among analysts, top-rated analysts believe these five stocks are better buys.