Explicitly, Palantir is interested in aiding “the West,” noting that its product will help make “America, the strongest in the world, the strongest it’s ever been.” Palantir also committed not to work with the Chinese government, a decision the company recognizes may restrict growth: “Working with the Chinese communist party is inconsistent with our culture and mission,” the company wrote in its IPO filing. However, a full 34% of revenue comes from the “rest of the world,” a category Palantir does not break out. There’s no doubting the company has built an impressive array of products and is earning significant revenue with strong contribution margins. As political alliances become increasingly changeable, it will be interesting to see how the company decides who is worth serving and who isn’t. In some instances, migrant parents that brought their family across their border were deported, resulting in the separation of parents and children. While that work has yielded positive outcomes in the past — including the debilitation of drug trafficking ring “Los Zetas” — it’s also sparked outrage. Smith Barney Citigroup began coverage on shares of Palantir Technologies in a research note on Tuesday, October 27th. Palantir was founded in 2003 by a group of PayPal alumni and Stanford computer scientists, including CEO Alex Karp and venture capitalist Peter Thiel. Then, I explored correlations by uploading the data to Apteo . This decision was in contrast to much of Big Tech: Google stopped working with the Pentagon after employees protested, and Microsoft changed their policies to allow employees to refuse to work on military projects.

Forget Shutdowns. They set a “neutral” rating and a $10.00 target price on the stock. A number of research firms have commented on PLTR.

In total, the company has raised $2.75 billion in venture capital. Palantir Technologies Company Profile. The founders are in control.

Made In NYC | Many may take issue both with the partisanship of that vision, and the narrow locus of control. Take a look, Why McDonald’s Success Sets Off Economic Alarm Bells, Inside the Wild Stock Market for Politics Where Traders Bet On Our Next President, Everything That Went Wrong in the Senate Hearing With Google, Facebook, and Twitter. They set an “overweight” rating and a $13.00 price objective on the stock.

Also, COO Shyam Sankar sold 1,405,715 shares of Palantir Technologies stock in a transaction on Wednesday, September 30th. In advance of the listing, we unpack what you need to know about the company poised to be valued at $22 billion.

Analysts expect Palantir Technologies to post earnings of $0.04 per share for the quarter. This will remain true even if the founders see their shares diminish in time: With as little as 0.5% of shares, the trio could retain over 68% of voting power. Over the last three months, insiders sold 17,385,740 shares of company stock valued at $169,948,219. In a theatrical opening letter, CEO Alex Karp laid the company’s geopolitical preferences bare: “We have chosen sides, and we know that our partners value our commitment. Since that relationship was formed, U.S. intelligence and armed services have remained crucial customers of Palantir’s data analytics platforms. That goes some way to explaining the brazen nationalism in Palantir’s S-1 filing.

While it has never been confirmed, the company never denied their involvement in locating the infamous Osama Bin Laden. But Palantir is a company with an agenda: to raise up the West in a manner specifically defined by the company’s founders. Gotham was the first product to market and is focused on public sector customers like U.S. defense and intelligence agencies. Investors have gotten used to dual-class share structures. At the center of the firestorm is the software company’s work with the Immigration and Customs Enforcement agency (ICE), the governmental unit tasked with tackling illegal immigration, its political stances, and its polarizing co-founder Peter Thiel. Whether you find Palantir an attractive business or not may depend much on your political and ethical leanings. In this sense, Palantir is fundamentally a software company, serving its 125 customers with differentiated technical tooling.

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