], Click on the conversation bubble to join the conversation. A global pandemic and war in Europe have now conspired to shatter our collective illusions of stability and . Peter Thiel, who is the second-largest shareholder, also happens to hold the title of Top Key Executive. palantir largest individual shareholders. If so, please visit Palantir Technologies Shareholder Class Action Lawsuit or contactPeter Allocco at (212) 951-2030orpallocco@bernlieb.com to discuss your rights. 4: filed on 2022-11-23 by BUCKLEY JEFFREY, 4: filed on 2022-11-22 by COHEN STEPHEN ANDREW, STAT LAUREN ELAINA FRIEDMAN This can be negative in some circumstances. In the questions-and-answer presentation on Wednesday, Palantir did not address the issue of voting power. Slectionnez Grer les paramtres pour grer vos prfrences. 1555 BLAKE STREET, SUITE 250, DENVER, CO 80202. 2003. currently (new) gm trades at 36 with a market cap of 50B. From its genesis in 2003 until this summer, Palantirs business has been shrouded in secrecy. Clearly, retail investors are more optimistic than institutional investors when it comes to Palantir. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Universal Health Services Insider Lowered Holding By 41% During Last Year. 545.40 (Mil) Institutional Ownership. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. It appears to us that public companies own 4.0% of Palantir Technologies. The fact that theres three of them is a really positive sign., Palantir has also gotten in hot water in the last few years over its work with government agencies, particularly its contracts with the Department of Homeland Security (DHS) and Immigration and Customs Enforcement Agency (ICE). Concerns have frequently been raised regarding the availability or unavailability of products and . And the group that holds the biggest piece of the pie are individual investors with 52% ownership. Type a symbol or company name. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. All Rights Reserved. If it was me, I might have changed [the rules] slightly [with] how much they could sell while still being fully in charge of it, Lonsdale tells Forbes. Of course, the future is what really matters. SEE REMARKS, COHEN STEPHEN ANDREW So far its been a strong 2020 for Palantir: the company generated $431 million in revenues from 125 clients in the first six months, up 49% from the same period last year. See what's happening in the market right now with MarketBeat's real-time news feed. Every investor in Palantir Technologies Inc. should be aware of the most powerful shareholder groups. The stock opened at $10 a share, popped to $11.42, and . This size of ownership gives investors from the general public some collective power. (Mil) Shares Outstanding. They include Slack and Peloton, whose founders will have control for 10 years, and Zoom, with 15. The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas. Alternatively, email editorial-team@simplywallst.com. SEE REMARKS, BUCKLEY JEFFREY You can click here to see if those insiders have been buying or selling. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Alex Karp. As you can see from the forecasts below, they expect revenue to rise steadily, while earnings are expected to remain in negative territory for the foreseeable future. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 7.6%. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. So they usually pay more attention to companies that are included in major indices. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Palantirs chairman and major shareholder, Peter Thiel, along with two of the companys other co-founders, Stephen Cohen and Karp, will control 49.99% of voting shares for the foreseeable future, according to the filing. Every investor in Palantir Technologies Inc. (NYSE:PLTR) should be aware of the most powerful shareholder groups. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Freshfields Bruckhaus Deringer LLP > The Legal 500 Rankings Dispute resolution > International arbitration Tier 1 Freshfields Bruckhaus Deringer LLP's international arbitration group strikes the right note with its 'experienced, responsive and dedicated lawyers', who are capable of 'distilling very complex matters with international and national implications Get the latest updated list of insiders for Palantir Technologies Inc. (PLTR). In the chart below, we zoom in on the different ownership groups of Palantir Technologies. Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of Palantir Technologies Inc. ("Palantir" or the "Company") (NYSE: PLTR). Retail investors tend to react more to volatility and news. And the group that holds the biggest piece of the pie are individual investors with 52% ownership. Have feedback on this article? Most would be pleased to see the board is investing alongside them. So far this year, more than 95% of Palantirs revenue came from existing customers, it said its Wednesday presentation. Meanwhile, the second and third largest shareholders, hold 7.1% and 4.4%, of the shares outstanding, respectively. Of the 403 institutional investors that sold Palantir Technologies stock in the last 24 months, the following investors and hedge funds have sold the highest volume of shares: Disruptive Technology Advisers LLC ($40.92M), ARK Investment Management LLC ($37.02M), BlackRock Inc. ($23.97M), Nikko Asset Management Americas Inc. ($17.06M), Sumitomo Mitsui Trust Holdings Inc. ($16.77M), Canada Pension Plan Investment Board ($16.62M), and Price T Rowe Associates Inc. MD ($14.77M). After nearly two decades as one of Silicon Valleys most closely guarded companies, data mining company Palantir Technologies finally went public on Wednesday in an unusual direct listing process. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. Apply for A Digital Marketing Manager jobs that are part time, remote, internships, junior and senior level. The company documents filed with the Securities and Exchange Commission also reveal a complicated arrangement among Thiel, Karp and Palantir President Stephen Cohen, giving the three executives an aggregate minimum of 49.9% voting control, even if they sell a significant amount of shares. Financials. 2022 Fortune Media IP Limited. The average revenue per customer was $5.6 million.Palantir grew sales 49% during the first half of 2020 to $481 million, suggesting an annual revenue run rate of $962 million this year. Once one of the worlds most valuable startups fetching a $20 billion valuation in 2016 Palantir Technologies disclosed 2019 revenues of $742.6 million, a 25% increase from the previous year. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Thiel also broke with other tech chiefs when he supported Donald Trumps 2016 presidential bid, notable in an industry that skews heavily democratic. United Airlines Soars Ahead of EarningsTime to Deplane? You may wish to access this free chart showing recent trading by insiders. 2004-2023 GuruFocus.com, LLC. Read more about these checks in the individual report sections or in our analysis model. It seems insiders own a significant proportion of Palantir Technologies Inc.. Palantir Technologies Major Shareholders & Ownership History. Due to a license agreement change with our data vendor, Short Interest related data is no longer available on GuruFocus website, except for certain Australian stocks. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. unusual investments recently, including gold bars and several SPACs and privately owned companies. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Instead, existing shareholders get a chance to sell. Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? he built GM into the world's largest company. Karp registered 20.5 million shares in the offering, which means he may sell some or all of them in the offering, bringing in as much as $200 million or more, before taxes. Please log in to your account or sign up in order to add this asset to your watchlist. This is now changing, and future growth is expected to come from the private sector. But to understand Palantir Technologies better, we need to consider many other factors. Employees: 2,920. The company's name is derived from The Lord of the Rings where the magical palantri were "seeing-stones," described as indestructible balls of crystal used for . This could lead to some big price moves if either group is proved right or wrong on the company. Accordingly, he exercised and sold 75,000 shares of stock, at prices between $206 and $263, for a total profit of about $17.8 million. The same can be achieved by studying analyst sentiments. The free fall in housing market activity just concluded, says Capital Economics, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. These symbols will be available throughout the site during your session. Thiel cofounded Palantir in 2003, one year after selling PayPal to eBay for $1.5 billion, with Lonsdale, Cohen (both recent Stanford computer science grads at the time) and PayPal engineer Nathan Gettings. When questioned on how he would fix the NHS given his lack of faith in government, Thiel quipped, "The NHS makes people sick . A class action lawsuit has been filed against Palantir recently. It could be that they have de-merged. In comparison, the second and third largest shareholders hold about 5.5% and 5.0% of the stock. That policy argument is one that should go on between our government and our populace. Shareholder Class Action Lawsuit or contact Peter Allocco . Sprott Mining Inc. is the second largest shareholder owning 14% of common stock, and Eric Sprott holds about 6.1% of the company stock. But the company has yet to turn a profit. PLTR data by YCharts.. Palantir now has a market capitalization of roughly $27 billion and is valued at approximately 13.5 times this year's expected sales. Which Palantir Technologies major shareholders have been selling company stock? In its filing to go public, the company said that it has chosen sides. Several company executives said that Palantir integrates customers data, but that it doesnt own, store, share or sell it. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. If you purchased Palantir securities, and/or would like to discuss your legal rights and options please visit Palantir Technologies Inc. Find out the direct holders, institutional holders and mutual fund holders for Palantir Technologies Inc. (PLTR). You can access this free report on analyst forecasts for the company . - Officer So they usually pay more attention to companies that are included in major indices. FORTUNE may receive compensation for some links to products and services on this website. Data provided by Interactive Brokers. DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE:PLTR) today announced the opening of a shareholder Q&A platform to be used in its upcoming earnings call.Palantir is scheduled to release Q4 2020 earnings at 6:00am MT / 8:00am ET on Tuesday, February 16, 2021. From the nickname for its Palo Alto headquarters the Shire, another Lord of the Rings reference to the homeland of the hobbits to Karps introductory video during Palantir Investor Day in early September, which featured him in dry land cross-country training gear, the company has made it crystal clear that it will go its own way. Institutions, on the other hand, account for 33% of the company's stockholders. Insiders own US$1.7b worth of shares in the US$16b company. Karp, meanwhile, has been conducting media interviews from a barn in New Hampshire, while Thiel moved to Los Angeles two years ago, citing Silicon Valleys monocultural issue. Sara Morrison is a senior Vox reporter who covers data privacy, antitrust . . Freshfields Bruckhaus Deringer LLP 601 LEXINGTON AVENUE 31ST FLOOR NEW YORK, NY 10022 United States Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions. SEE REMARKS, COHEN STEPHEN ANDREW Nasdaq provides the ownership stake information in a company, includingthe number of shares held by those institutions in a firm, along with recent purchases and sales information. What does Nu Holdings Stock Have To Do With Warren Buffett? (Bloomberg) -- Billionaire entrepreneur and investor Peter Thiel, whose data analytics company Palantir Technologies Inc. is vying for a 480 million ($595 million) National Health Service data contract, has described British people's affection for the state-backed health service as "Stockholm syndrome." Most Read from BloombergApple Delays AR Glasses, Plans Cheaper Mixed-Reality . It's always worth thinking about the different groups who own shares in a company. Get in touch with us directly. Institutional investors have bought a total of 743,413,056 shares in the last 24 months. Palantir Investor Relations. Ultimately the future is most important. Daniel L, a retail shareholder asks, "What will PLTR do to reduce share dillution?" Dave Glazer, Chief Financial Officer, responds: "This is actually something that is repeatedly misunderstood. - Director The large stake in the hands of retail investors is a risk for the share price, but not a bearish indicator on its own. 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