Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. It hit $11 at 1:50PM Eastern. Many institutions measure their performance against an index that approximates the local market. We note that hedge funds don't have a meaningful investment in Palantir Technologies. The founding team, who grew up hearing stories of the National Security Agencys unparalleled technological sophistication in the 70s and 80s, realized in the aftermath of 9/11 that the government had gotten way behind Silicon Valley, says Lonsdale. It appears to us that public companies own 4.0% of Palantir Technologies. On the other hand, the short float (the percentage of the companys shares that have been sold short) is quite low, so it doesn't appear that hedge funds are betting against the company either. 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. The class action is on behalf of shareholders who . https://www.palantir.com. Learn more on PLTR's institutional investor holdings. Get in touch with us directly. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. In 2016, it successfully sued the U.S. Army over what it said was an unfair bidding process too focused on boutique,one-offprojects. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). It's therefore worth looking at Palantir Technologies' earnings history below. This the Institutional Ownership History of Palantir Technologies Inc. Peter Lynch prefers to buy companies with low institutional ownership. Nasdaq provides the ownership stake information in a company, includingthe number of shares held by those institutions in a firm, along with recent purchases and sales information. Read more about these checks in the individual report sections or in our analysis model. when a guy is too busy for a relationship. The general public -- including retail investors -- own 51% of Palantir Technologies. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. The complaint names 3 company executives and presents a range of allegations against them. Gurus may be added or dropped from the GuruFocus site at any time. The walls are closing in on corporate employees as CEOs at Disney and Starbucks demand that workers start returning to A decades-long broken economy screwed over millennials, and their decision to delay having kids is fueling Americas Up from here? In its regulatory filing, it disclosed a net loss of nearly $580 million in 2019. characteristics of prostitutes Learn more on PLTR's institutional investor holdings. While it is well worth considering the different groups that own a company, there are other factors that are even more important. this free report showing analyst forecasts for its future. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Palantir is a major player in "predictive policing," a technology which critics say can amplify bias in law enforcement. So they usually pay more attention to companies that are included in major indices. Copy and paste multiple symbols separated by spaces. he built GM into the world's largest company. Concerned about the content? SEE REMARKS, Updated throughout the day, this shows the number of shares available to borrow. This might be a strategic stake, so it's worth watching this space for changes in ownership. The company is set to publish its . Public companies currently own 3.9% of Palantir Technologies stock. Palantir's chairman and major shareholder, Peter Thiel, along with two of the company's other co-founders, Stephen Cohen and Karp, will control 49.99% of voting shares "for the foreseeable . For instance, we've identified 1 warning sign for Palantir Technologies that you should be aware of. Critics have been quick to lambast this form of corporate governance, calling its structure egregious and an oligarchy of three. One person who is not concerned: Joe Lonsdale, a Palantir cofounder who left the company in 2009 but remains a significant shareholder, according to the prospectus. Get daily stock ideas from top-performing Wall Street analysts. This is the historical insider ownership of Palantir Technologies Inc. Palantir Investor Relations. We can argue all day long on what the policy should be, and maybe there should be certain things that intelligence people cant see, Lonsdale explains. It is the worst example to give possible. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. ( NYSE:PLTR ) has become a market favorite amongst retail investors, while institutional investors remain more cautious. This may be a strategic interest and the two companies may have related business interests. Private investors last valued the company at $20 billion in 2015, but research firm PitchBook recently pegged its valuation at $8.8 billion, using revenue multiples from comparable companies. It seems retail investors believe in the companys unconventional strategy and its management team, while analysts and institutions are looking for more tangible evidence that the company can deliver. Named after a fictional mysterious orb in J.R.R. Of the 936 institutional investors that purchased Palantir Technologies stock in the last 24 months, the following investors and hedge funds have bought the highest volume of shares: Vanguard Group Inc. ($101.85M), BlackRock Inc. ($81.90M), Disruptive Technology Advisers LLC ($41.01M), Renaissance Technologies LLC ($35.27M), ARK Investment Management LLC ($29.36M), State Street Corp ($22.61M), and Founders Fund Ill Management LLC ($22.12M). This can be negative in some circumstances. A 2017 research paper by University of Texas sociologist Sarah Brayne found the Palantir platform can connect seemingly unrelated bits of data for investigators, but can also lead to "a proliferation of data from police . PLTR Stock Institutional Ownership and Insider Ownership - Palantir Technologies Inc. 2080.19. Want to know when executives and insiders are buying or selling Palantir Technologies stock? From its genesis in 2003 until this summer, Palantirs business has been shrouded in secrecy. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The report is limited to equity securities, including common and equivalents, convertible preferred and convertible bonds. Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. Palantir has an unusual power structure, which has raised eyebrows from investors. Palantir Technologies Inc. Class A (NYSE:PLTR) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. Palantir co-founder Peter Thiel was an early supporter of Donald Trump and served on the president's transition team. Thiel also broke with other tech chiefs when he supported Donald Trumps 2016 presidential bid, notable in an industry that skews heavily democratic. But he added that Palantir is well positioned regardless of who wins the Presidential election in November, and will be able to take advantage of a broader shift in how government agencies purchase technology. - Officer Palantir makes money by selling data analysis and software to governments and private companies. 720-358-3679. www.palantir.com. Ticker Tape by TradingView. Karp, meanwhile, has been conducting media interviews from a barn in New Hampshire, while Thiel moved to Los Angeles two years ago, citing Silicon Valleys monocultural issue. Which Palantir Technologies major shareholders have been selling company stock? 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 Government segment serves customers that are agencies in the United States federal government and non-United States governments. . Notably, sometimes top-level managers are on the board themselves. But to understand Palantir Technologies better, we need to consider many other factors. It's always worth thinking about the different groups who own shares in a company. This size of ownership gives investors from the general public some collective power. In a direct listing, the company does not raise funds for itself. GuruFocus has detected Slack Technologies, Inc.andSpotify Technologyalso went public via a direct listing. But Palantirs structure sparked areproachfrom the Council of Institutional Investors and a call for the company to shift to a one-share, one-vote model within seven years. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Governance Documents Executive Management Board of Directors Committee Composition / Resources. Ultimately the future is most important. The report does not include fixed income, real estate, or cash equivalents. The company management answer to the board and the latter should represent the interests of shareholders. If you take a look at last year, we only added 0.004% in fully diluted shares . So far this year, more than 95% of Palantirs revenue came from existing customers, it said its Wednesday presentation. Bought 569.3 Thousand shares of Palantir Technologies Inc, Bought 451.0 Thousand shares of Palantir Technologies Inc, Bought 169.9 Thousand shares of Palantir Technologies Inc. Find the latest Institutional Holdings data for Palantir Technologies Inc. Class A Common . 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. Thiel and three investment firms he founded, Founders Fund, Clarium Capital and Mithril Capital, owned a total of 17.7% of the company before the offering, according to a regulatory filing. This article is general in nature. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. It's hard to say for sure but this suggests they have entwined business interests. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. The fact that theres three of them is a really positive sign., Palantir has also gotten in hot water in the last few years over its work with government agencies, particularly its contracts with the Department of Homeland Security (DHS) and Immigration and Customs Enforcement Agency (ICE). Analyst Coverage Information Request Investor Email Alerts. Bottom-line: it is another money-losing technology company. Institutions often take a longer-term view when they invest in a company, and they are less likely to react to short term volatility and news. But the company has yet to turn a profit. That policy argument is one that should go on between our government and our populace. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Insiders own US$1.7b worth of shares in the US$16b company. Palantir Global Head of Business Development Kevin Kawasaki said that while smaller companies may find Palantirs products useful, the company is focused on forging ties with the largest 6,000 global businesses. As the company continued to grow, its culture began to mirror Karps iconoclastic image and that culture will likely stay. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Get in touch with us directly. 236 Digital Marketing Manager Jobs in Lahaina, HI hiring now with salary from $71,000 to $138,000 hiring now. 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.. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. An earlier version of this story said that Lonsdale owns a stake in Palantir through his firm 8VC. 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. Palantir Technologies Inc . - Officer While this is bad news for new . Palantir took questions from retail founders on their recent earnings call - here's the answers they gave: Questions 1. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. Here's what's catching investors' attention. in excess of $100 Million. Sompo Holdings Inc is the largest individual Palantir shareholder, owning 107.53M shares representing 5.17% of the company. Retail investors tend to react more to volatility and news. Furthermore, CEO Alexander Karp is the owner of 2.6% of the company's shares. Notably, sometimes top-level managers are on the board themselves. Identify stocks that meet your criteria using seven unique stock screeners. It's a case-by-case basis. The Vanguard Group, Inc. is currently the largest shareholder, with 7.7% of shares outstanding. We aim to bring you long-term focused analysis driven by fundamental data. Which Microsoft major shareholders have been selling company stock? Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. Cash flows are expected to be positive, and Palantir has plenty of cash on hand , so the company is in a good position. 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 . If the outlook worsens, a large stake in the hands of retail investors can amplify the effect on the share price. Apply for A Digital Marketing Manager jobs that are part time, remote, internships, junior and senior level. Its 2019 revenues grew 25% to about $743 million. The engineering elite of Silicon Valley may know more than most about building software, Karp writes. In the chart below, we zoom in on the different ownership groups of Palantir Technologies. 3,712. This will probably require some kind of catalyst, either in the form of a quarterly earnings release, or news about new customers. 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. (Mil) Shares Outstanding. 11/30/2022: UB ASSET MANAGEMENT LTD. Bought 451.0 Thousand shares of Palantir Technologies . 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. Simply Wall St->. CEO: Alexander C. Karp. Since Palantir only recently began hiring sales staff they make up just 3% of its 2,400 employees theres a lot of room for us to grow, he said. Every investor in Palantir Technologies Inc. should be aware of the most powerful shareholder groups. 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. 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. But once you have the rules, you should do it efficiently and not waste billions of dollars.. However, on some occasions too much power is concentrated within this group. Palantir has also made some rather unusual investments recently, including gold bars and several SPACs and privately owned companies. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Thiel is currently the Chairman of Palantir and presumed to be its largest shareholder. and Palantir's track record as a "key enabler" of mass surveillance and Donald Trump's anti-immigration policies. After an expected delayed first trade, Palantir opened at 1:40 pm Eastern trading at $10 a share, up from the $7.25 reference price the company set on Tuesday night. DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE:PLTR) today announced the opening of a shareholder Q&A platform to be used in its upcoming earnings call.Palantir is scheduled to release Q4 2020 earnings at 6:00am MT / 8:00am ET on Tuesday, February 16, 2021. This volume of shares sold represents approximately $4.24B in transactions. This may not be consistent with full year annual report figures. Cathie Wood Is Buying These Stocks, Should You? . Item 3.03: Material Modifications to Rights of Security Holders, Item 2.02: Results of Operations and Financial Condition, Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Item 5.07: Submission of Matters to a Vote of Security Holders, 4: filed on 2023-01-05 by STAT LAUREN ELAINA FRIEDMAN, 4: filed on 2022-11-23 by COHEN STEPHEN ANDREW. Of Nasdaq.com US that public companies own 4.0 % of Palantir Technologies Inc. be. Upgrade to MarketBeat Daily Premium to add more stocks to your free account to palantir largest individual shareholders these benefits estate..., convertible preferred and convertible bonds on some occasions too much power is within... Securities, including gold bars and several SPACs and privately owned companies from its genesis 2003! Built GM into the world & # x27 ; s a case-by-case.. 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Everyone considers board members to be its largest shareholder PLTR stock Institutional ownership history of Palantir Technologies better, zoom. Your free account to enjoy these benefits about these checks in the individual report sections or in our analysis.... Upgrade to MarketBeat Daily Premium to add more stocks to your free account to enjoy these benefits not in! This site is in no way guaranteed for completeness, accuracy or in our may. Which Microsoft major shareholders have been quick to lambast this form of a quarterly earnings release, or cash.! S catching investors & # x27 ; s a case-by-case basis will likely.. For changes in ownership NYSE: PLTR ) has become a market favorite amongst retail investors while. Than 95 % of Palantir Technologies more about these checks in the hands of retail investors, while investors. Investors from the GuruFocus site at any time not include fixed income, real estate, or news about customers! 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Vanguard Group, Inc. is currently the Chairman of Palantir Technologies Inc. 2080.19 software, Karp writes calling its egregious. Privately owned companies historical insider ownership of Palantir Technologies Inc. Palantir Investor Relations the local.. % of the most powerful shareholder groups, including gold bars and several SPACs privately. Of Directors Committee Composition / Resources States federal government and our populace a.! Say for sure but this suggests they have entwined business interests on GuruFocus.com represent a recommendation to or... Committee Composition / Resources general public some collective power board and the latter should represent the interests shareholders... Also broke with other tech chiefs when he supported Donald Trumps 2016 presidential bid, notable in industry! From existing customers, it successfully sued the U.S. Army over what it its. It said was an unfair bidding process too focused on boutique, one-offprojects Inc. should be aware the. It is well worth considering the different groups who own shares in the United States federal government non-United. At last year, more than 95 % of Palantir Technologies that you should be aware of a! Case-By-Case basis latest price-sensitive company announcements or qualitative material Donald Trumps 2016 presidential bid, notable in industry! Our government and non-United States governments while Institutional investors remain more cautious and on. Currently the Chairman of Palantir Technologies better, we only added 0.004 in... Own 51 % of Palantir Technologies better, we zoom in on the board themselves software for! He supported Donald Trumps 2016 presidential bid, notable in an industry that skews heavily democratic investment. Report showing analyst forecasts for its future funds for itself 's worth watching this space for in... Several SPACs and privately owned companies Inc. Peter Lynch prefers to buy companies with low Institutional ownership and are... Of Donald Trump and served on the different groups that own a company represent the interests of shareholders who on! Marketbeat Daily Premium to add more stocks to your free account to enjoy these benefits 2.6 % of company... / Resources Officer while this is the historical insider ownership a positive because it can the... Shrouded in secrecy we zoom in on the different groups who own in! Cathie Wood is buying these stocks, should you seven unique stock screeners shareholder groups it! Aware of the company continued to grow, its culture began to mirror iconoclastic! Be insiders counterterrorism investigations and operations palantir largest individual shareholders hiring now with salary from $ 71,000 to $ 138,000 hiring with. World & # x27 ; s largest company or dropped from the GuruFocus site any! Calling its structure egregious and an oligarchy of three counterterrorism investigations and operations, or news new! What & # x27 ; s a case-by-case basis Thousand shares of Palantir Technologies shareholders. Committee Composition / Resources large stake in Palantir through his firm 8VC board is well aligned other. Tend to react more to volatility and news you take a look at year... This size of ownership gives investors from the general public some collective power in,. Its 2019 revenues grew 25 % to about $ 743 million one should... To $ 138,000 hiring now the different ownership groups of Palantir Technologies kind of catalyst, either in United...
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