Introduction 

Palantir Technologies Inc., known by its ticker symbol PLTR on the NYSE, is a company that has gained significant attention in the realm of big data analytics. With its advanced data integration and analysis capabilities, potential investors might be curious about the prospects of investing in this stock. This guide aims to provide a detailed overview of PLTR and insights into its investment potential.

Palantir Technologies Inc., known by its ticker symbol PLTR on the NYSE, is a renowned company in the realm of big data analytics. With its advanced data integration and analysis capabilities, it has piqued the interest of many potential investors. This guide aims to offer a detailed overview of PLTR and insights into its investment potential.

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What is PLTR? 

Palantir Technologies Inc. offers platforms for integrating, managing, and securing data. Founded in 2003, the company is headquartered in Denver, Colorado.

What is PLTR’s Stock Name? 

The official stock name for Palantir Technologies Inc. is “PLTR.”

What is PLTR’s Stock Price? 

As of the latest update, PLTR’s stock price stands at $14.50.

What is PLTR’s Stock Symbol? 

The ticker symbol for Palantir Technologies Inc. is “PLTR” and it’s traded on the NYSE.

How to Invest in PLTR Stock?

1. Choose a Brokerage: Ensure your chosen brokerage platform supports NYSE trading.
2. Open an Account: Complete the registration process, which typically involves providing personal details and funding your account.
3. Search for PLTR: Use the platform’s search function to locate Palantir Technologies Inc. or its ticker symbol, PLTR.
4. Place an Order: Decide on the number of shares you wish to purchase and place a buy order. Monitor your investment regularly.

Palantir Technologies Inc. IPO 

Palantir Technologies Inc. went public in September 2020. The IPO was a significant milestone for the company, marking its transition from a private entity to one of the most talked-about public listings of the year. The IPO was priced at $10 per share, and the company chose a direct listing approach on the New York Stock Exchange (NYSE) under the ticker symbol “PLTR”. This move allowed Palantir to bypass the traditional IPO process, offering its shares directly to the public without issuing new stock. The decision to go public highlighted Palantir’s ambition and its confidence in its data analytics solutions.

PLTR’s Market Data

• Market Cap: $45.2B
• Shares Outstanding: 1.8B
• 52 Week Range: $15.00 – $45.00
• Average Volume: 50M
• Dividend Yield: N/A (Palantir currently does not pay dividends)
• Earnings Per Share (EPS): $0.04

Should You Invest in PLTR Stock? 

Investing in PLTR stock requires a thorough understanding of the company’s financial health, market trends, and potential risks. Here’s a breakdown:

• Market Potential: The big data analytics sector is poised for significant growth in the coming years. With Palantir’s focus on data integration and analysis, it is well-positioned to capitalize on this trend.
• Financial Health: Investors should consider financial metrics such as revenue growth, net income, and debt levels before making a decision.
• Competitive Landscape: The data analytics sector is highly competitive, with several established players. Palantir faces competition from larger entities but has established a strong foothold in the market.

PLTR’s Financial Health

• Revenue: Palantir reported a revenue of $1.1 billion for the fiscal year 2020, marking a 47% increase from the previous year.
• Net Income: For the fiscal year 2020, Palantir reported a net loss of $1.17 billion, primarily due to stock-based compensation expenses.
• Debt Levels: Palantir has maintained a relatively low debt profile, focusing on its growth and expansion strategies.

Top 3 PLTR-related Stocks to Consider

1. Snowflake Inc. (SNOW): A cloud-based data platform company that went public around the same time as Palantir. It’s known for its data warehousing solutions and has seen significant growth since its IPO.
2. Splunk Inc. (SPLK): A company that specializes in searching, monitoring, and analyzing machine-generated big data. It’s a significant player in the data analytics and visualization sector.
3. Datadog Inc. (DDOG): An analytics and monitoring service company that provides full-stack observability for modern applications. It’s an emerging name with a strong focus on cloud infrastructure monitoring.

FAQs

What is PLTR? 

A company offering data integration and analysis platforms.

Is PLTR publicly traded? 

Yes, PLTR is traded on the NYSE.

How can I invest in PLTR stock? 

Interested investors can purchase PLTR shares through brokerage platforms that support NYSE trading.

Conclusion 

Palantir Technologies Inc. presents a unique investment opportunity in the data analytics sector. While its financial data suggests robust growth, the company’s focus on cutting-edge technology might appeal to investors looking for long-term growth potential. As always, thorough research and consultation with financial advisors are recommended before making any investment decisions.