The Latest Breaking News from Palantir

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Cathie Wood’s Ark Investment Management sold 11,761,901 shares of Palantir Technologies Inc (NYSE: PLTR) worth nearly $123.3 million — based on the stock’s Tuesday closing.

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Palantir Technologies, Inc (NYSE: PLTR) was trading down over 11%  Thursday after suffering a bearish reaction to mixed fourth-quarter financial results.

Palantir Technologies Inc (NYSE: PLTR) shares are trading lower by 10.5% at $12.50 during Thursday's pre-market session after the company reported worse-than-expected fourth-quarter EPS results.

PLTR stock fell as fourth-quarter earnings missed estimates while March-quarter revenue guidance edged by expectations.

Palantir Technologies Inc (NYSE:PLTR) reported fourth-quarter FY21 revenue growth of 34% year-on-year to $432.9 million, beating the consensus of $417.7 million. Revenue Drivers: U.S. commercial revenue grew 132% Y/Y. Palantir added 34 net new customers.  Palantir closed 64 deals of $1 million or more, of which 27 contracts were worth $5 million or more…

Futures fell with Russia's Ukraine comments in focus. Investors don't have a trading edge while the market rally is rangebound.

Palantir Technologies Inc (NYSE: PLTR) shares are trading higher Tuesday as they look to be attempting to start an uptrend again. The stock is pushing up alongside many other popular stocks in Reddit’s WallStreetBets forum. The stock was also trending on social media earlier today.