/biz/ - Business & Finance

>market all green
>except for PLTR and CRBP
pajeets and trannies btfo

>PLTR plummeting back down already
There's your "pump", hobbits. Benefited no one but insiders.

>all the big players scurried away from PLTR like rats getting out of a sinking ship
>COO Sankar Shyam sold $21,469,332.94 of shares
>co-founder Stephen Cohen dumped 3.8 million shares
>Matthew Long disclosed the sale of another 291,500 shares, raising $8.5 million. That follows his previously disclosed sale of $12.6 million of stock.
>Ryan Taylor, chief legal and business affairs officer, sold an additional 162,500 shares for $4.5 million. Earlier this week, he had disclosed $5.5 million of stock sales.
>Chief Financial Officer David Glazer sold 203,190 shares, generating proceeds of $5.5 million.
>all that's left is people like this https://www.reddit.com/r/wallstreetbets/comments/kwk0qs/can_we_get_the_energy_up_for_alex_karp_long_pltr/
the best time to sell was when it was at 40, the second best time is tomorrow, PLTRannies

>Palantir: The Sell-Off Is Not Over

>Of course, a major reason for the sell-off has been due to the recent bearishness in the general markets, especially with high-growth tech operators. It does look like investors are getting nervous about rapidly increasing interest rates.

>But general market sentiment is not the only factor impacting PLTR stock. Keep in mind that the latest earnings report was also disconcerting for Wall Street. Now it’s true that – on the surface – the performance looked solid. Revenues jumped by 40% to $322 million, trumping analysts’ prediction of $300.7 million. As for the non-GAAP earnings, they came to six cents a share, compared to the Street estimate of two cents a share.

>So then what was the problem with the report? Well, it looks like growth will decelerate. For the full-year, the forecast is for revenues to rise by around 30%.

>The Chief Operating Officer, Shyam Sankar, sold 757,510 shares at prices that ranged from $24.59 to $29 (he netted over $21 million). Then there were the sales of 2.7 million shares from three other executives. They include Stephen Cohen, the cofounder and president; Matthew Long, the general counsel; and Ryan Taylor, the chief legal officer and business affairs officer.

>Such activity is not necessarily unusual (after all, equity compensation is a big part of the Silicon Valley way). But it is still a red flag. Whenever a group of executives sell off their shares — especially after a big run-up — this is a sign that the valuation of the stock is on the high side.

>And this really should not be a surprise either with PLTR stock, which is trading at 24 times sales. This is definitely a stretch, as the growth rate is likely to come down. Thus, it might be better to temper expectations on this investment for now.

PLTRannies 41%ining soon

>>29593414
>17 years without profits
>Most of the cash comes from governments who are struggling economically and will stop making contracts
>0 fucks by funds on the DPO
>Literally the 200% pump was Robinhooders pumped and getting dumped for a straight month
>The whole point of the DPO was to sell their bags to the normies
>Not even a single contract for one important company
>Target prices are well above its current price
>It won't ever moon because 2 bilions shares will be public
>Institutions are not even a 15% of the shareholders
pick any one