CNBC's Jim Cramer explains why he is keeping an eye on shares of Palantir.
Laffont has jettisoned Coatue Management's more than 4.8-million-share stake in artificial intelligence (AI) titan Palantir Technologies in favor of a growth stock in a notoriously slow-growing sector.
Palantir Technologies Inc. (PLTR) concluded the recent trading session at $41.93, signifying a -1.18% move from its prior day's close.
An SEC Form 4 filing from October 15 reveals that Palantir (NYSE: PLTR) director Lauren Friedman, who joined the company's board of directors in 2021, sold 7,321 shares of the data analytics firm in an October 11 transaction.
Palantir's business has changed a lot since 2021, but has the stock?
Palantir is significantly overvalued, with a forward EV-to-sales ratio of 34 and a forward price-to-cash-flow ratio of 111.3, making it a high-risk investment. Despite expected strong Q3 results - I estimate 35% year-over-year normalized EPS growth and $710 million in revenue - the current valuation is unsustainable. The Company's commercial revenue growth, driven by its AI Platform and boot camps, is promising, but its reliance on wartime economics poses long-term risks.
Palantir stock is trading near all-time highs.
There's a saying that stocks don't move in one direction all the time. Palantir Technologies Inc. PLTR is testing the logic behind that saying.
The data analytics company has had a sharp rise in the number of bearish bets made against it.
Palantir shares have more than doubled this year due to unchecked enthusiasm about its artificial intelligence software.
These investment giants are selling one of this year's biggest stock market winners.
Which of these AI-driven stocks is the better investment right now?