2022 Fortune Media IP Limited. This volume of shares sold represents approximately $4.24B in transactions. View our latest analysis for Palantir Technologies. The company reported a net loss of $164.7 million in the first half of 2020, down from a loss of $280.5 million in the first six months of 2019. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Palantir Class Action Complaint Filed: Johnson Fistel Encourages Shareholders Who Held PLTR During the Stock Drop to Contact the Firm. It is usually better to buy companies with large insider ownership. Cash flows are expected to be positive, and Palantir has plenty of cash on hand , so the company is in a good position. We aim to bring you long-term focused analysis driven by fundamental data. Sompo Holdings Inc's Palantir shares are currently valued at $748.39M. Type a symbol or company name. Type a symbol or company name. Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of Palantir Technologies Inc. ("Palantir" or the "Company") (NYSE: PLTR). The average revenue per customer was $5.6 million.Palantir grew sales 49% during the first half of 2020 to $481 million, suggesting an annual revenue run rate of $962 million this year. GuruFocus has detected Palantir currently has a market capitalization of $52 billion. Our daily ratings and market update email newsletter. During the previous two years, 969 institutional investors and hedge funds held shares of Palantir Technologies. The Class: Shareholder rights law firm Robbins+LLP is investigating the officers and directors of Palantir Technologies Inc. (NYSE: PLTR) and its officers and directors to determine whether they breached fiduciary duties or violated securities laws. Enjoy a 7-Day Free Trial Thru Jan 25, 2023! 4: filed on 2022-11-23 by GLAZER DAVID A. In Palantir's case, its top key executive, Peter Thiel, is the largest shareholder, holding 7.1% of shares outstanding. It is very interesting to see that insiders have a meaningful US$1.4b stake in this US$14b business. and Palantir's track record as a "key enabler" of mass surveillance and Donald Trump's anti-immigration policies. When questioned on how he would fix the NHS given his lack of faith in government, Thiel quipped, "The NHS makes people sick . We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Copy and paste multiple symbols separated by spaces. But they do not know more about how society should be organized or what justice requires., Palantir moved its headquarters from Palo Alto to Denver earlier this year. Type a symbol or company name. Robeco Institutional Asset Management B.V. California State Teachers Retirement System, Public Employees Retirement System of Ohio. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. 1555 BLAKE STREET, SUITE 250, DENVER, CO 80202. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Flawless balance sheet with high growth potential. The most heavily invested institutionals were Vanguard Group Inc. ($1.28B), BlackRock Inc. ($745.67M), Founders Fund Ill Management LLC ($515.20M), Founders Fund II Management LLC ($496.13M), P STS SPV GP IA LLC ($432.81M), Morgan Stanley ($417.68M), and Geode Capital Management LLC ($361.38M).Learn more on PLTR's institutional investors. And the group that holds the biggest piece of the pie are individual investors with 52% ownership. The Palantir shareholder who sued said the founders' shares, which entitled them to 49.999999% of the company's voting power, essentially made them "emperor for life." . In the run-up toa hotly anticipated direct listing on the New York Stock Exchange slated for Sept. 23, Karp also said that if would-be investors want Palantir to change its client base or culture of U.S. government support, then they should pick a different company.. Daniel L, a retail shareholder asks, "What will PLTR do to reduce share dillution?" Dave Glazer, Chief Financial Officer, responds: "This is actually something that is repeatedly misunderstood. 720-358-3679. www.palantir.com. How much institutional selling is happening at Palantir Technologies? All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Learn more on PLTR's institutional investor holdings. Employees: 2,920. SEE REMARKS, COHEN STEPHEN ANDREW Amazon.com has drawn criticism from multiple sources, where the ethics of certain business practices and policies have been drawn into question. Palantir is a major player in "predictive policing," a technology which critics say can amplify bias in law enforcement. For the record, the data for this most recent . Palantir has also made some rather unusual investments recently, including gold bars and several SPACs and privately owned companies. Notably, sometimes top-level managers are on the board themselves. Get in touch with us directly. in excess of $100 Million. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. 337927). Have feedback on this article? Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Palantir has an unusual power structure, which has raised eyebrows from investors. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? Schedule 13G indicates a passive investment of over 5%. Slack Technologies, Inc.andSpotify Technologyalso went public via a direct listing. Get in touch with us directly. FORTUNE may receive compensation for some links to products and services on this website. . As the company continued to grow, its culture began to mirror Karps iconoclastic image and that culture will likely stay. 31.90% of Palantir Technologies stock is owned by institutional investors. Create your Watchlist to save your favorite quotes on Nasdaq.com. Sign up here. The company's name is derived from The Lord of the Rings where the magical palantri were "seeing-stones," described as indestructible balls of crystal used for . During the investor presentation on Wednesday and during a livestream question-and-answer session afterward, company executives outlined the hybrid nature of its business revenue is roughly equal between government and commercial customers and Karp delved into the thinking that drives executive and board decisions. This suggests some credibility amongst professional investors. Palantir has faced criticism from privacy rights groups, and even its own employees, because of its work with the U.S. government. Palantir Technologies is not owned by hedge funds. We can see that Palantir Technologies does have institutional investors; and they hold a good portion of the company's stock. News / Events / Financials. He also had connections to wealthy Europeans from his earlier experience managing assets for high net worth individuals in London. SEE REMARKS, GLAZER DAVID A. The complaint names 3 company executives and presents a range of allegations against them. All Rights Reserved. It shifted from working for government customers to take on corporate clients in 2010, including BP, Airbus and Credit Suisse. If you purchased Palantir securities, and/or would like to discuss your legal rights and options please visit Palantir Technologies Inc. It's hard to say for sure but this suggests they have entwined business interests. Amazon has faced numerous allegations of anti-competitive or monopolistic behavior, as well as criticisms of their treatment of workers and consumers. Does it Matter Folks Aren't Starry-Eyed Over Pepsi's New Soda? Have feedback on this article? shares in the old gm are now $0.33 and trade in the pink sheets. Major institutions include financial holdings companies, banks, insurance . Palantir Investor Relations. It's therefore worth looking at Palantir Technologies' earnings history below. But it is not a stock built solely on hype . In a direct listing, the company does not raise funds for itself. News Events. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, as well as facilitates the handoff between analysts and operational users. when a guy is too busy for a relationship. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. CEO: Alexander C. Karp. United Airlines Soars Ahead of EarningsTime to Deplane? Powered and implemented by Interactive Data Managed Solutions. Data provided by Interactive Brokers. Notably, sometimes top-level managers are on the board themselves. As you can see from the forecasts below, they expect revenue to rise steadily, while earnings are expected to remain in negative territory for the foreseeable future. I have a party tonight for some people to celebrate, and half the people I built the company with have already moved., [Update: This story has been updated to say that Joe Lonsdale's stake in Palantir is owned by him, not by his venture capital firm. Palantir (NYSE: PLTR) is owned by 31.91% institutional shareholders, 6.93% Palantir insiders, and 61.16% retail investors. Export to Excel. In the questions-and-answer presentation on Wednesday, Palantir did not address the issue of voting power. This may not be consistent with full year annual report figures. The company has over 1.9 billion shares outstanding which means that this buying activity amounted to roughly 8.3% of Palantir's entire share total. The Government segment serves customers that are agencies in the United States federal government and non-United States governments. We aim to bring you long-term focused analysis driven by fundamental data. The data firm founded by Peter Thiel started trading through a direct listing on Wednesday. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Until recently Palantir has provided services to government agencies rather than the private sector. This holding is probably worth investigating further. Copy and paste multiple symbols separated by spaces. Ultimately the future is most important . With 7.0% and 4.4% of the shares outstanding respectively, Peter Thiel and BlackRock, Inc. are the second and third largest shareholders. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Quarterly Results SEC Filings / Governance. Which Microsoft major shareholders have been selling company stock? What does Nu Holdings Stock Have To Do With Warren Buffett? Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or [email protected]. They include Slack and Peloton, whose founders will have control for 10 years, and Zoom, with 15. Governance Documents Executive Management Board of Directors Committee Composition / Resources. Underlying metrics continue to excel- revenue per customer is up 29% to $8.1 million, and average revenue in its top cohort is up 34% to $36.1 million. Learn more on PLTR's institutional investor holdings. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Furthermore, CEO Alexander Karp is the owner of 2.1% of the company's shares. report on analyst forecasts for the company, Do Not Sell My Personal Information (CA Residents Only). Freshfields Bruckhaus Deringer LLP > The Legal 500 Rankings Dispute resolution > International arbitration Tier 1 Freshfields Bruckhaus Deringer LLP's international arbitration group strikes the right note with its 'experienced, responsive and dedicated lawyers', who are capable of 'distilling very complex matters with international and national implications 26.22%. However, high insider ownership can also give immense power to a small group within the company. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. access this free chart showing recent trading by insiders. total shares from Created in the aftermath of 9/11, Palantir initially only served government clients, like the Department of Defense and the U.S. Army (its first outside investor was In-Q-Tel, the CIAs venture arm). Ultimately the future is most important. The engineering elite of Silicon Valley may know more than most about building software, Karp writes. 545.40 (Mil) Institutional Ownership. In Palantirs case, its top key executive, Peter Thiel, is the largest shareholder, holding 7.1% of shares outstanding. We have certain beliefs and we will stick with those, he said. Our estimate of the stocks value implies it is trading at a 26% premium - but that estimate would be very sensitive to changes in forecasts, which are also likely to change. Disclaimer. Touch device users, explore by touch or with swipe gestures. (Mil) Shares Outstanding. Palantir remains one of the most popular stocks with individual investors, even after its underperformance in 2021 and so far in 2022. Alternatively, email editorial-team@simplywallst.com. Latest Institutional Activity. Most would be pleased to see the board is investing alongside them. But Stephen, Alex and Peter are all very different people with strong principles. SEE REMARKS, STAT LAUREN ELAINA FRIEDMAN Palantir Technologies CEO Alex Karp told investors on Wednesday that the company is holding fast to its strategy of helping government agencies like the U.S. Defense Department digest and analyze data even though those associations have stirred controversy in the past. 326 E 8th St #105, Sioux Falls, SD 57103 Every investor in Palantir Technologies Inc. should be aware of the most powerful shareholder groups. Forbes estimates that Thiel owns an 8% stake directly and through the funds, worth $1.9 billion at $11 a share. The good news: last month . Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 1 Severe warning sign When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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A stock at the same time, you could see the board is investing alongside them of fortune Media Limited... Different people with strong principles estimates that Thiel owns an 8 % stake and! To My Quotes of Nasdaq.com does Nu Holdings stock have to Do with Warren Buffett System of Ohio a.... $ 1.4b stake in this US $ 14b business save your favorite Quotes on Nasdaq.com Filed on 2022-11-23 by DAVID!
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