Palantir stocks' zigzag road to success

Palantir Technologies is a US software company founded in 2003 that focuses on big data analytics.
 
QUARRY BAY, Hong Kong - Aug. 12, 2021 - PRLog -- With its name derived from the magical crystal balls in the movie The Lord of the Rings, Palantir hopes to do the same, to be able to communicate and see what is happening in other parts of the world. The company made its name using three projects that boomed: Palantir Foundry, Palantir Gotham and Palantir Metropolis.

Palantir Foundry is a product to support corporate clients, while Gotham was used by the US Government for fraud investigations, counter-terrorism analytics and more. Metropolis, on the other hand, is used to support financial service firms.

The company went public through listing on September 2020, with an IPO price of $10, which did not attract much attention that time, trading flat for about two months. This was changed when the company released its quarterly report on November, which was further fanned by a positive buzz for the stock on several social media network, driving the stock to its all-time high of $45 this January which set the year-to-date gains of 65%.

This was later reversed by the next quarterly report which reflected losses, along with the broader market sell-off of tech stocks, pulling the stocks down to low $20s, and recording a year-to-date loss of 22%. The stock ended the first half of 2021 with 11.9% gains, but in just a month after that, it recorded 7.10% losses for the year-to-date value.

The stock is very volatile, but analysts are very bullish about it after the company was able to sort out its biggest issue which was accessibility. The product, Palantir Foundry, was not able to expand and allow businesses to adopt to it due to accessibility and pricing.

They developed Foundry for Builders, allowing newly started companies to access the Foundry platform to allow and support their growth. Due to this, the company is expecting changes on the trend for the PLTR stock especially after the Q3 and Q4 earnings results are out.

The Palantir alumni will be granted access to Foundry for Builders first, then gradually allowing early-stage companies to avail the product which operates via subscription model.

Get to know more of the latest news in US Stock Market, you may also visit us at Blackwood Investments Limited through our website https://blackwood-investments.com or contact us via email.

Contact
Blackwood Investments Limited
***@blackwood-investments.com
End
Source: » Follow
Email:***@blackwood-investments.com
Posted By:***@blackwood-investments.com Email Verified
Tags:Blackwood Investments Limited
Industry:Investment
Location:Quarry Bay - Hong Kong Island - Hong Kong
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Blackwood Investments Limited PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share