Palantir surges 25% to all-time highs, up 251% since IPO
Will DanielJan 23, 2021, 03:17 IST
Palantir HQ.Picture Alliance/Getty Images
Palantir stock surged as much as 25% Friday after announcing its first inaugural demo day.
The company also added former Accenture senior advisor Lauren Friedman Stat to its board.
Palantir trades at a significant valuation of 48x sales and boasts a market cap of over $56 billion.
Palantir stock surged as much as 25% on Friday to all-time highs of over $32 per share.
The jump continues the
big data company's breakneck post-IPO run that has seen shares skyrocket some 251%.
Though there was no clear catalyst for the move, there were some possible drivers on Friday.