This is what bothers me a bit, that I didn’t get in on the IPO. I once read Thiel’s brilliant book Zero to 1, and it’s been on my mind ever since. Somehow, the negative equity and other small things just bothered me too much. Maybe a Black Friday momentum trade will be some consolation 
There’s certainly a lot here that’s also in FANGs and other tech giants. Perhaps it’s really the next truly big name, at least if there’s indeed growth in the civilian sector and the story is “softened” a bit. The moat is, as I understand it, absolutely massive. Now that the CEO declares that half have truly been chosen, it might slow things down a bit at some point. I am a bit concerned about this myself in terms of ESG, as I understand that PLTR products are used to hunt people, perhaps even to be drone food. That’s at least how I interpret all the mission planning stuff.
I am involved with both Palantir and Snowflake. Palantir, as discussed earlier, plays largely in its own league. The company has created a reputation for itself among a “difficult” customer base (government intelligence agencies, etc.) and has simultaneously managed to increase and/or continue its commercial contracts. The situation is technically very positive but also contains those moral issues, which I see as the biggest short-term risk, even for the share price. The lack of comparable companies also makes it difficult to assess its valuation. In the long run, I believe that regardless of politics, AI, data mining, and efficient data interpretation are growing fields, and Palantir plays its part in that. I’m playing the long game with this stock, even though I’ve already accumulated a very nice profit.
Snowflake is more under the microscope in my portfolio. The company’s product is apparently genuinely good, and the efficient integration of fragmented data silos is “essential” in the long run. In the short term, I have my finger on the sell button, mainly due to the high valuation, the December earnings report, and the end of the lockdown. In the long term, I believe that the company has the right idea and a good product, but competitors are also strong if they directly challenge it.
Prices to sales hover around 50-200.
And Palantir’s largest customer base is public entities. How scalable is that customer base in terms of volume and profitability? I don’t know anything about the company.
Absolutely insane mania for this stock on Robinhood/WSB forums.
Valuation is indeed difficult because it’s practically impossible to find a direct comparison. On the other hand, software is software, and if it does something new or better than others, I believe the valuation is still appropriate.
The largest customer base is indeed government agencies, but the company has recently communicated strongly about increasing sales resources specifically for the private sector. And there are already several large customers in that sector, at least one new one, and I understand they also expanded their contract. In this situation, I also don’t see it as negative that a large portion of customers are public – the situation would be different if a clear competitor were found. Additionally, I believe that many contracts in this customer segment are truly difficult to lose because they involve long and continuity-based processes.
Palantir has struggled with productivity – project initiation and maintenance have, I understand, been expensive, and management has also communicated positive changes regarding this. That remains to be seen.
Regarding the mania, all I can say is that this is no longer off the radar, and it shows in the stock price – on the other hand, the number and proportion of institutional investors have also been strongly growing, so the impact of Robinhooders is likely moderate. I’m no technical analyst, but a large portion of recent ATH (All-Time High) breaks have also occurred with relatively high volume, which I interpret as a positive. On the other hand, it’s easy for me to just watch, as I’ve been involved since below ten.
IMO, it’s worth picking out at least this from the report:
Investors are paying close attention to the company’s customer base, which was limited to 125 in the first half of 2020.
As the company focuses more on software and less on services, it’s trying to make it easier for clients to start using the product so it can expand its reach and bring down sales costs.
Palantir said that its “customer concentration is decreasing,” and that it now gets a smaller percentage of revenue from its top clients.
There’s been some talk about ethics, especially when they landed the ICE facial recognition project, which Google had to back out of after moral pressure. On the other hand, there was the text I linked earlier from Japan (a short thread can be found a bit further up if desired):
Unlike services for individual customers from information technology giants such as Google, Palantir does not use customer data for its own businesses, he added.
This, and the fact that it has worked with the CIA, among others, also creates a certain level of trust for governments in, for example, Asian countries to cooperate with a US company.
It’s a very mysterious stock, all in all. For example, information about customer numbers or private deals is extremely difficult to dig up, and it feels like we’ll continue to go into quarterly reports somewhat in the dark.
I’m just guessing now, but sometime in January (?), insiders were apparently able to sell their shares again if they wanted to. This came to the market via a direct listing. The shares seem to have been quite popular with institutions, indeed.
The trend continues in Frankfurt, currently at +11.57% (27 EUR = 32.14 USD)
Market cap has increased by over 40 billion in just a couple of weeks. Even though it’s a hard-to-understand tech firm, this really smells like hype now 
Let the hype begin! If it goes up to around 100 dollars, I might lighten my position a bit. If it drops below 20 dollars, I’ll double down. There’s room for growth if we start comparing it to something like Snow. It’s fun to be part of the hype.
At $60, this would have already left Snow far behind, and Snow is quite overvalued. So maybe $100 USD will be seen, but one never knows with the current market. Apparently, Palantir’s systems require a lot of customization per client, so how fast can this grow for the current price to be justified? But yeah, good luck to those who caught the hype train. Maybe we’ll see it stop at under $20 
BlackRock is adding a bit:
Doesn’t “during q3” practically mean that BlackRock bought the position when the share price was under $10 (i.e., they haven’t added to these rocket prices)? It’s also good to remember that a $280 million purchase for BlackRock is about as significant as an investment of just under €0.5 for a retail investor (with a €10k portfolio).
Yes, they bought it cheap, and not at current prices “29,299,147 shares of the company’s stock, valued at approximately $278,341,000” or at a price of 9.49 USD. They should have believed the black stone (musta kivi) and bought at that same price 
I was wondering about that dip, and it’s Citron shorting again. Oh well, let them try.
The lemon was quite bland.
Someone there compared the numbers between Snowflake (328 USD) and Palantir (28 USD). Snowflake itself does not produce a unique service (e.g., AWS Redshift and Azure Synapse offer the same service), whereas Palantir has completely proprietary IPs:
Snowflake
83.84B market cap
402M revenue
148M gross profit
208 P/S ratio
590M cash on handPLTR
54.55B market cap
999M revenue
500M gross profit
54 P/S ratio
1.8B cash on hand
Based on these, Palantir could very well rise to the 200+ USD level in a relatively short time.
I’m long Palantir myself, but you can’t really explain these current market rockets with logic. A casino comparison is perfectly fine if the stocks are constantly gaining 10-20%. For my part, it would be good if it corrected to low 2X$ so I could load up more, but it seems that the fear of missing out (FOMO) is too strong for the stock. Seeking Alpha constantly posts quite bullish reports:
200 USD or more would mean a market cap of almost 300 billion and a P/S of almost 300, so even though tech stocks are hot, that might be a bit too much even for the current market. Or who can say for sure, when you just glance at some stock meme and see “hold!!! 1000 USD next year!!!” comments Something like 100 USD might actually be realistic.
There’s no way these meme stocks have had any basis in the real world for a long time 
For example, Snowflake at $328 is outrageous, but it just went up there in a couple of months.
Some Citron analysis done on WallStreetBets:
Funny detail. Palantir has been the data analytics partner for the Ferrari F1 team since 2017. Mercedes (the dominant force in the sport in recent years) has collaborated with Tibco, among others. It just got me thinking: if Ferrari has had the “best” data tool available for decision-making and a giant budget, why has Ferrari been the biggest flop since 2017, both strategically and in car development, right up to 2020?
F1 is a sport where even tiny advantages bring significant benefits. It’s the holy grail of engineering art and data utilization. To exaggerate: Ferrari had to cheat with engine power in recent years to compete after a brilliant 2017. In recent years, the car’s aerodynamics have also been catastrophically bad. Has Palantir’s software misinterpreted wind tunnel data? For example, mid-season updates have made the car worse.
This isn’t conclusive for an investment case, but it was a rather amusing observation that came up when examining the product’s “goodness.” At least Palantir’s management seems like convincing American salesmen. For Ferrari, Palantir’s benefits haven’t been visible. - A frustrated Ferrari fan, exasperated by continuous underperformance.
A bit off-topic, but Ferrari has indeed been terrible this season, but that’s due to Ferrari’s engine (Haas and Alfa are equally bad). I wouldn’t blame Palantir for this. 
A fairly comprehensive article about Palantir, if anyone is interested in what hype stock you’ve put your money into. I must point out that SeekingAlpha seems to be quite bullish on Palantir overall, so that perspective is reflected to some extent in all of the site’s Palantir articles.