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Palantir Technologies Inc. (PLTR) Stock Down in Premarket, Here’s why

Palantir Technologies Inc. (PLTR) is building and deploying software portfolios for intelligence-based communities. The company is engaged in assisting counterterrorism operations and investigations. One of the main software portfolios of the company is Palantir Gotham, which sorts out the identification of patterns hidden in the datasets. It also facilitates handoff between operational customers and analysts.

The price of PLTR stock during regular trading on February 16, 2022, was $13.9 with a loss of 1.41%. At last check in the premarket on February 17, 2022, the stock was further down by 8.23%.

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PLTR: Key Financials

On February 17, 2022, PLTR updated its financial outcomes for the fourth quarter ended December 31, 2021. The key updates are discussed below.


Total revenue in Q4 2021 was $433 million compared to $322 million in the fourth quarter of 2020. The company observed a gain of 34% in its revenue over the year. The company topped the revenue estimates of $418 million.


Basic and diluted net loss per share in Q4 2021 was $156 million or $0.08 compared to $148 million or $0.08 in the same period of 2020. The company observed an incline in net loss over the year. The company missed the analysts’ expected EPS target of -$0.05.

PLTR: Events and Happenings

On February 10, 2022, PLTR updated about the extension of its collaboration with Ferrari to bring its data and analytics technology to Scuderia Ferrari. Scuderia Ferrari is using the company’s Foundry portfolio to push data-driven performance decisions along with the team’s Power Unit. The company will become an authorized Team Partner of Scuderia Ferrari in the future.

On January 26, 2022, PLTR reported on appointing Philippe Mathieu as the chief of the company’s EMEA region. He will expand the company’s portfolio across the region. He formerly worked for Oracle, where he was executive vice president of JAPAC and EMEA.

On January 14, 2022, PLTR announced about introducing Palantir Certification Program which offers the Foundry consumers the opportunity to quicken value creation and scale by improving Foundry talent.


PLTR stock dipped 48% during the last year as the economic conditions were restricted due to the pandemic. The recent premarket stock decline is the consequence of its financial statement release. The company missed the estimated EPS target while topping the revenue estimates.

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