![]() ![]() For a firm that just posted YOY growth of 47% in Q4, however, that projection seems a bit underwhelming. Palantir said that it expects its sales to increase more than 30% this year. Indeed, it appears that investors are demanding profitability from the company now. Palantir reported a surprise loss of 8 cents per share, versus the average estimate of a profit of 2 cents per share. Indeed, from a revenue perspective, this company looks solid.ĭespite the company’s positive revenue story, it appears investors are concerned about its bottom line. Palantir signed 21 contracts worth $5 million or more during the quarter. Partly due to the stability of these contracts, many investors have bought PLTR stock recently. In fact, approximately 56% of Palantir’s revenue comes from government agencies. Much of the company’s sales is derived from favorable contracts with the government. The company’s revenue came in above analysts’ average estimate, as Palantir generated $1.1 billion of sales in the quarter. Palantir reported its fourth-quarter earnings on Tuesday. Palantir’s Earnings Were Worse than Expected That said, if we see a massive influx of buying once the shares fall further, PLTR stock could recapture all of its upward momentum. Indeed, I think that’s the safe move right now. It appears many investors are willing to take their profits off the table before waiting to see how this lockup expiration plays out. ![]() That could certainly be a reason why some investors are taking their profits right now. Given the fact that, by some estimates, only around 500 million shares are available to be traded, we could see some massive selling of PLTR stock on the horizon. Palantir’s lockup period expired on Friday.Īccording to some estimates, the number of shares that exist, including those covered by vesting options, is more than 2 billion. These large, early shareholders are required to wait until the company’s “lockup period” expires before selling their holdings. Rather, they had been held by early investors and employees over the years. Since Palantir went public via a direct listing, the shares that became available were not newly-created. Investors May Be Concerned About Palantir’s Lockup Expiration ![]() 16 and what the market thinks about this stock right now. Let’s take a look at why the shares have lost some steam since the company announced its earnings on Feb. ![]()
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