Palantir is a US software firm that specialises in big data analytics. It aggregates and analyses data from public sector clients like the United States Department of Defense as well as private sector clients like Ferrari.
The company was founded in 2003 and its headquarters are based in Denver, Colorado. Palantir went public on the New York Stock Exchange in 2020 and is currently valued at US $15 billion.
To buy shares in Palantir you'll need to have a brokerage account that offers US stocks. Compare your options in the table below to find the best fit for you.
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Palantir filed an S-1 registration form with the U.S. Securities and Exchange Commission (SEC) to publicly list its shares on the NYSE. It listed on September 30 under the ticker symbol PLTR.
But Palantir didn't offer a traditional IPO. Instead, the stock will be offered as a direct listing, which means it was sold by current Palantir investors rather than created as fresh stock. And multiple reports suggested that Palantir planned to lock up to 80% of its shares.
While we can't speak on behalf of Palantir, companies typically make use of lock-up periods to keep company insiders from flooding the market with shares and destabilising the stock price. No word on how long Palantir's potential lock-up period may last.
Palantir is a software firm that specialises in big data analysis. It was founded in 2003 and is headquartered in Denver, Colorado. It collects and analyses data for private enterprises and government agencies, including the United States Intelligence Community (USIC) and the Department of Defense. Its involvement in national security and government surveillance, coupled with its towering valuation despite never reporting a profit, has earned it quite the reputation.
Palantir is not an accredited business with the Better Business Bureau (BBB) but receives an A rating based on the BBB's criteria that factors in length of time in business, among other considerations.
Like all investments, purchasing stock in Palantir is far from risk-free. The company's financial reporting is ambiguous, and the potential lock-up period could tie up investor funds for months on end. Investors will need to perform their own due diligence and examine Palantir's financial history in greater detail.
Here's how some similar software firms performed after going public:
Datadog (DDOG) is a SaaS-based data analytics platform that offers data monitoring services for cloud-based applications. It launched on the NASDAQ in September 2019 at $36.15. Datadog saw moderate growth in the six months following its release but began to dramatically climb in April 2020. Peaked at $96.41 in July 2020 and now trades at $83.77.
Splunk (SPLK) is a software firm that monitors machine-generated big data from its headquarters in San Francisco. It went public on the NASDAQ in April 2012 trading at $36.20. Outside a brief spike to $92.75 in 2014, the stock didn’t begin to truly gain traction until early 2018. It saw an all-time high of $211.32 in July 2020 and now trades at $203.62.
Verint (VRNT) specializes in security, surveillance and business intelligence software. It went public on the NASDAQ in 2002 trading at $12.30. With several notable ups and downs over the years, the stock peaked at $64.71 in May 2015. It now trades at $45.80.
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