Palantir Technologies Inc Company Profile - Palantir Technologies Inc Overview (2024)

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Palantir Technologies Inc Company Profile - Palantir Technologies Inc Overview? ›

Palantir Technologies, Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector.

Palantir Technologies Inc. is a public American company that specializes in software platforms for big data analytics. Headquartered in Denver, Colorado, it was founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp in 2003.

Palantir Technologies Inc (Palantir) is a software company that develops data fusion platforms. The company facilitates machine-assisted and human-driven data analysis. Its product platform includes Palantir Gotham, Plantir Apollo and Palantir Foundry.

Top Competitors and Alternatives of Palantir

The top three of Palantir's competitors in the Big Data Analytics category are Databricks with 15.66%, Azure Databricks with 14.81%, Apache Hadoop with 14.46% market share.

We make products for human-driven analysis of real-world data. We're focused on creating the world's best user experience for working with data, one that empowers people to ask and answer complex questions without requiring them to master querying languages, statistical modeling, or the command line.

Companies using Palantir Foundry for Analytics and BI include: United States Department of Defense, a United States based Government organisation with 2870235 employees and revenues of $721.50 billion, Amazon, a United States based Retail organisation with 1525000 employees and revenues of $574.79 billion, National ...

The organization has described Palantir as “possibly the dodgiest company ever to gain access to our medical records” and criticized the lack of transparency about the way the platform will process patient data. Palantir has concerns about the Good Law Project spreading misinformation about its work, Mosley said.

Palantir Technologies (NYSE:PLTR) is a well-known player in the U.S. cyber-defense industry. The company won't easily dominate the global cybersecurity market. Despite the high price, we still rate PLTR stock a “B” for its potential rally in 2024.

Notably, Palantir played a crucial role in the operation that led to Osama bin Laden's capture, demonstrating the impact of its data analysis capabilities. This article explores Palantir's journey, its technological advancements, its role in significant global events, and the ongoing debates surrounding its operations.

Has Palantir ever made a profit? ›

Palantir's Profitability trends gathering momentum

Adjusted operating income rose to $226.5 million in the first-quarter of 2023 above Palantir's own guidance for $196 to $200 million. Including the latest quarter results, Palantir has outperformed its guidance numbers in the past five quarters.

There was much to like in Palantir's Q1 earnings release and long-term trends. Sales increased 21% year over year to $634 million, a slight acceleration over the 20% growth posted in Q4 2023. More importantly, customer counts continue to expand rapidly, as shown in the charts below. Image source: Palantir.

FAQ. Who Owns Palantir Technologies (PLTR)? According to the latest TipRanks data, approximately 21.33% of the company's stock is held by institutional investors, 2.30% is held by insiders, and 64.03% is held by retail investors.

Government Biggest Market

Palantir gets nearly 60% of its revenue from government agencies. Decelerating revenue growth is an issue. In 2022, revenue growth slowed to 24% from 40% in 2021 and 47% in 2020. In 2023, revenue grew 17% year-over-year to $2.23 billion.

How much does a Palantir make? As of Jun 5, 2024, the average annual pay for a Palantir in the United States is $117,130 a year. Just in case you need a simple salary calculator, that works out to be approximately $56.31 an hour. This is the equivalent of $2,252/week or $9,760/month.

Analyst Starts Coverage With a Buy Rating. Technologies stock is getting a boost from Argus Research analyst Joseph Bonner. He began coverage of the data-analytics software company with a Buy rating, saying it stands to benefit from growing sales to commercial clients.

Palantir (NYSE: PLTR) is one of the most popular artificial intelligence (AI) software investments. Its prowess in the space is noticeable, and it comes from a superior product and years of experience deploying AI. However, not every successful company is a good investment.

Class A Common Stock (PLTR)

Palantir Cyber provides enterprises with the unified view necessary to correlate incidents of cyber attacks across data sources and monitor cyber threats in real time 24/7/365.