PLTR stock - 10 things to know with detail
- 1. Palantir Technologies (PLTR) is a data analytics company that provides software solutions for organizations to manage and analyze large amounts of data.
- 2. The company was founded in 2003 by Peter Thiel, Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings.
- 3. Palantir's software platform, called Gotham, is used by government agencies, financial institutions, and other organizations to analyze data and make informed decisions.
- 4. The company went public through a direct listing on the New York Stock Exchange in September 2020, with an opening price of $10 per share.
- 5. Since its IPO, Palantir's stock price has seen significant fluctuations, with highs and lows driven by market sentiment, earnings reports, and news events.
- 6. Palantir's revenue has been steadily increasing, with the company reporting a revenue of $1.1 billion in 2020, up from $742 million in 2019.
- 7. The company has a diverse customer base, including government agencies like the CIA and the US Army, as well as commercial clients such as Airbus and Merck.
- 8. Palantir has faced criticism for its work with government agencies, with concerns raised about privacy, civil liberties, and the potential misuse of data.
- 9. The company has been expanding its product offerings, including launching a new software platform called Foundry, which is designed for commercial customers.
- 10. Analysts have mixed views on Palantir's stock, with some seeing long-term growth potential in the company's data analytics capabilities, while others are concerned about its valuation and competitive landscape.