$PLTR earnings report Pre-Market 08/12 ๐Ÿš€๐Ÿš€๐Ÿš€

Big day for $PLTR apes tomorrow.
As per my understanding, with so many defense and private contracts this quarter, their Earnings should beat the estimates, and the stock is already below expected levels (it was down too), so expecting huge surge tomorrow after their earnings report, as soon as the morning session opens.

Whatโ€™s ur thoughts on itโ€ฆ

The company is known for three projects in particular: Palantir Gotham, Palantir Metropolis, and Palantir Foundry. Palantir Gotham is used by counter-terrorism analysts at offices in the United States Intelligence Community (USIC) and United States Department of Defense.
In the past, Gotham was used by fraud investigators at the Recovery Accountability and Transparency Board, a former US federal agency which operated from 2009 to 2015. Gotham was also used by cyber analysts at Information Warfare Monitor, a Canadian public-private venture which operated from 2003 to 2012. Palantir Metropolis is used by hedge funds, banks, and financial services firms.
Palantir Foundry is used by corporate clients such as Morgan Stanley, Merck KGaA, Airbus, and Fiat Chrysler Automobiles NV.

Palantir’s original clients were federal agencies of the USIC. It has since expanded its customer base to serve state and local governments, as well as private companies in the financial and healthcare industries

What do you think?

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  1. I am long PLTR and have some heavy bags here so would love to see it go up but at this point I think investors need to see a clear path to the necessary revenue and eventual profit to justify the price. Hoping Q2 provides better insight to how their future earnings might be than prior quarters.

  2. Not to be that guy and take this comment with a grain of salt. 13Fs are backwards looking, most managers submit their 13Fs as late as possible because they do not want to tip off the street. By the time the 13Fs are publicly available the information can reflect stock movements that were made more than four months prior to the filing.

    Furthermore short positions are not disclosed in 13F filings. An investor could appear to own a significant position in a given name but have the exact opposite exposure in reality. The investor might build a large short position and offset that position by opening a small long position that allows them to trade around a core position.

    In conclusion due to the lag between the fund manager making a trade and the trade being reflected in the report blackrock may have already sold or be working a different arbitrage.

    Feel free to downvote me.

I know nobody asked for it, but if youโ€™ll allow me to share my opinionโ€ฆ.