In a response to a question during its first-quarter earnings presentation, CFO David Glazer said Palantir accepts bitcoin as payment.
Cathie Wood's ARKK and ARKW ETFs acquired roughly $172 million of Palantir stock in the last week amid falling share prices and a lockup expiration.
Palantir stock surged on Friday as the company announced an expanded partnership with BP. The Denver-based Big Data firm will help BP become a net-zero emissions business by 2050. The bullish news follows an investor letter from the Guardian Fund which talked up PLTR’s prospects. Sign up here for our […]
Investors aren’t seeing the bigger picture regarding Palantir’s discounted valuation, Morgan Stanley analysts said Monday. The bank initiated an “overweight” rating on Palantir’s shares in a note to clients. The analysts’ $US13-per-share price target implies a 31% rally from Monday’s close over the next 12 months. Palantir closed Monday just […]
Data-mining firm Palantir climbed as much as 14% in its first day of trading on the New York Stock Exchange. Palantir opened at $US10 per share, 38% above its reference price of $US7.25. The subsequent climb marked a 14% increase from the opening price. The company began trading under the […]