Many investors have been watching Palantir (PLTR) for a number of years, and it finally went public. Currently it’s trading at 10.10 in between the low of 8.94 and high of 11.42. The good news about the price is that it’s positive despite massive insider selling, mostly from employees who had virtually no lockup to sell their shares the moment they could, because of the direct listing.
Palantir’s main challenge is that they don’t buy into the mainstream print vapor factory that is so prominent in Silicon Valley and in Wall St. Palantir solves a need, not a want. Most consumer companies are the opposite. Facebook (FB) is the best example. You can live without Facebook, but you can’t live without electricity, for example. Alex Karp is a high IQ CEO that understands how the world works, no doubt he is a Zero Hedge reader and does not bend over or bow down to anyone, including investors. Here are a few quotes from his letter, that he included in the S-1 filing:
** Our industrial infrastructure and manufacturing supply chains were conceived of and constructed in a different century. Government agencies have faltered in fulfilling their mandates and serving the public. Some institutions will struggle to survive. Others will collapse. (bit.ly/3htX5fn) ** Our society has effectively outsourced the building of software that makes our world possible to a small group of engineers in an isolated corner of the country. The question is whether we also want to outsource the adjudication of some of the most consequential moral and philosophical questions of our time. ** Our company was founded in Silicon Valley. But we seem to share fewer and fewer of the technology sector’s values and commitments. ** From the start, we have repeatedly turned down opportunities to sell, collect, or mine data. Other technology companies, including some of the largest in the world, have built their entire businesses on doing just that. ** Our software is used to target terrorists and to keep soldiers safe. If we are going to ask someone to put themselves in harm’s way, we believe that we have a duty to give them what they need to do their job. ** We have chosen sides, and we know that our partners value our commitment. We stand by them when it is convenient, and when it is not.
Here’s the problem with virtue: it doesn’t sell well. Palantir is to Silicon Valley what Trump is to DC. So Palantir has many enemies, protestors, would be ‘victims’ of Palantir’s ‘oppression.’ And this is what they are up against.
So the good news is that now PLTR is public, it’s getting lots of exposure. Fool.com and others are looking into it. They are executing their business plan successfully.
Breaking down what Palantir actually does, it’s big data analytics. They applied what can be called AI (but fortunately, Palantir doesn’t call it that) to the most pressing applications: catching terrorists, criminals, and fighting financial fraud. But what other applications are there to these algorithms? The universe is endless. There are many companies in the sector, but what makes Palantir stand out are the results. Due to the sensitive nature of the work they do, they can’t explicitly speak about why Palantir works and competitors don’t, not in a technical sense. If you are curious about Palantir, be wary of sites like Wikipedia with their trolls that will twist information to present an image they want. Visit their site https://www.palantir.com/
Now that the company is public, we are excited to see Palantir’s business grow in a positive way. Game on!
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Palantir Research
https://seekingalpha.com/article/4378163-palantir-buy-this-software-company-when-price-is-right
https://seekingalpha.com/article/4378027-palantir-for-now-still-cheaply-valued
