PLTR
Palantir
Market cap$414B
Updated - ago
Palantir (PLTR) fell 5.27% to $158.12 as investors engaged in profit-taking and multiple compression following its Q3 results.1 Despite strong revenue growth and raised guidance, the market reacted adversely to a deceleration in total contract value growth and flat remaining performance obligations.2
Palantir Technologies, Inc. is a publicly traded software company specializing in data integration, analytics, and artificial intelligence platforms designed for government agencies and large enterprises. Founded in 2003 and headquartered in Denver, Colorado, Palantir has established itself as a leading provider of solutions for managing and analyzing massive datasets across complex organizational structures. The company's primary products, including Gotham and Apollo, enable organizations to consolidate disparate data sources, identify patterns, and extract actionable intelligence from information that would otherwise remain fragmented and inaccessible. Palantir's technology has been widely adopted by U.S. intelligence and defense agencies, law enforcement organizations, and major corporations seeking to leverage data-driven decision-making. The company's software platforms are particularly valuable in scenarios involving counterterrorism, financial crime detection, healthcare analytics, and commercial intelligence. Since its initial public offering in 2020, Palantir has expanded its commercial customer base while maintaining significant government contracts, establishing itself as a prominent player in the enterprise software and artificial intelligence sectors. The company's influence on modern data analysis and its role in shaping how organizations process information have made it a significant participant in the technology industry.