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Palantir Q1 2021 Earnings Fail To Impress Investors Amid a Plateauing of Financial Performance May 11, 2021 07:28 EDT Palantir (NYSE:PLTR), a Software-as-a-Service (SaaS) provider that specializes in big data integration and analytics, has seen its share price enter a tailspin ever since peaking back in January 2021. At the heart of this share price swoon is a general belief that the stock is overvalued relative to the company’s financial prospects. Against this backdrop, Palantir’s earnings for the first quarter of 2021 have taken on an added significance. Palantir (NYSE: PLTR) Q1 2021 Financial Scorecard For the three months that ended on the 31st of March 2021, Palantir earned $341 million in revenue, exceeding consensus expectations by 2.6 percent and corresponding to annual growth of around 49 percent. ....
Palantir (PLTR) Has a Solid Bullish Narrative, and Yet a Bull Trap May Lurk In the Immediate Aftermath of Next Week’s “Double Click” Event Apr 7, 2021 08:47 EDT Palantir (NYSE:PLTR), a big data analytics firm that has the potential of turning into a mainstream provider of Software-as-a-Service (SaaS), is experiencing heightened volatility in the run-up to the next week’s much-anticipated “Double Click” event, thereby increasing the likelihood of a bull trap. As an illustration of the recent weakness in Palantir shares, the stock price has declined by over 33 percent since hitting an all-time high close of $35.18 on the 29th of January 2021. At the heart of this recent tug-of-war between the bulls and the bears lies the inherent skepticism as to the company’s ability to market its products to a wider swathe of clients. The bears believe that Palantir’s products are too specific for wider adoption. The bulls, on the other hand, naturally disagree. ....
ARK Invest Adds 2.65 Million Palantir (PLTR) Shares as CNBC Suggests That the Stock May Become the Next Center of Attention for the WallStreetBets Crowd Mar 4, 2021 06:40 EST Palantir (NYSE:PLTR), the big data analytics firm that is fast becoming a darling of retail investors, continues to attract interest even amid a relatively prolonged share price slump. To wit, Cathie Wood’s ARK Invest added over 2.65 million (2,658,800) Palantir shares on Wednesday, bringing the fund’s total ownership in the company to 15.37 million (15,373,733) shares. Bear in mind that the ARK Innovation ETF (ARKK) currently holds over 9.8 million Palantir shares, while the ARK Next Generation Internet ETF (ARKW) holds over 5.5 million shares. Interestingly, if ARK Invest maintains its current trajectory vis-à-vis Palantir, the stock would soon feature among the top 10 holdings of ARKW. ....