The consolidation should be between 32 and 28 as the stock quickly filled the gap from 25 to 29. PLTR has been the topic of a number of research analyst reports. Is Now The Time To Buy Stock In Xpeng, Palantir, Zoom Or DraftKings? Morgan Stanley upped their target price on shares of Palantir Technologies from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 17th. Palantir Technologies' lock-up period expired on Monday, March 29th. The offering was priced at $7.25 per share. Further play will be much driven by earnings and lock-up period expiration on Feb 16 or 17. Palantir Technologies had issued 257,135,415 shares in its IPO on September 30th. Disruptive Technology Advisers LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $965,814,000. Or, merchants might use short-term choices – particularly places – to play the draw back alternative. Looking to build solid support now that the lockup period is over. The remaining 80% was not to be freed up for liquidation until after the release of Palantir's fourth-quarter results. NYSE:PLTR opened at $22.58 on Friday. A direct listing doesn't mandate a lock-up period, unlike an initial public offering. The stock currently has a consensus rating of “Hold” and an average target price of $23.57. Featured Story: How to Invest in an Index Fund. The total size of the offering was $1,864,231,759 based on an initial share price of $7.25. In other Palantir Technologies news, insider Stephen Andrew Cohen sold 140,455 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. Eight million more shares will come on the market in November when certain restricted stock units vest for company employees, and other vested RSUs will also not be beholden to the lockup agreement as they come next year.” Palantir Stock: IPO Lockup Period Expiring Could Lead To Big Sales "About 80% of shares outstanding will be free to trade on the third trading day after fourth-quarter results," Zelnick added. Companies that go public the normal way (not merging with a SPAC) have a share lock up period where insiders cannot dump their shares for a period of time. Soros Fund Management LLC acquired a new stake in shares of Palantir Technologies in the third quarter worth $175,346,000. Palantir Technologies had issued 257,135,415 shares in its IPO on September 30th. There's typically a 180-day lock-up period with IPOs but not direct listings. Palantir logo design on the New York Stock Exchange. The remaining 80% was not to be freed up for liquidation until after the release of Palantir's fourth-quarter results. benzinga.com - Palantir Technologies Inc (NYSE: PLTR) shares came under pressure Thursday, extending the stock's losses for a sixth straight session.Lock-Up … What Palantir's Lock-Up Period Expiration Means For Investors - Flipboard If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. Lock-Up Expiration Floods Market With Palantir Shares: Data analytics company Palantir went public Sept. 30 through a direct listing, a relatively inexpensive method of going public. Palantir slumps as a lockup expiration opens 80% of its shares for trading (PLTR). It's facilitated by the bypassing of intermediaries and directly selling to the public. A standard IPO lock-up period typically ranges from 90 to 180 days, while lock-ups for SPAC IPOs normally last 180 days to one year. A direct listing doesn't mandate a lock-up period, unlike an initial public offering. When a company goes public through a traditional IPO, it usually sets a lock-up period of 90 to 180 days during which insiders can't sell their shares. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. Don't have a Benzinga account? They noted that the move was a valuation call. All rights reserved. Palantir's Lock-Up Period Based on feedback and comments I've received, the number one concern about Palantir for most investors is the lock up expiration. The fund's 13F filing for the fourth quarter revealed it held 18.458 million shares of Palantir valued at $434.68 million. Feb. 17, 2021, 12:02 PM. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period. BlackRock Inc. increased its stake in shares of Palantir Technologies by 13.8% in the fourth quarter. Noam Galai/Getty Images. On the other hand, others, including Adit Ventures, PHX Financial, and Cathie Wood's Ark Invest, have signaled they will hold Palantir shares, Bloomberg reported. Cathie Wood Adds These Stocks To The Newly-Created Space Exploration ETF And Others, Why Tim Quast Likes CCIV, Eaton, Disney, Palantir Stock, Privacy Policy / Do Not Sell My Personal Data. Also, insider Alexander C. Karp sold 1,285,123 shares of the company’s stock in a transaction that occurred on Tuesday, February 2nd. Would like to see consolidation levels inside the lower gannbox for a while prior to moving into the upper gannbox. Shanthi Rexaline, Benzinga. A daily collection of all things fintech, interesting developments and market updates. Here's Why. Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter. William Blair downgraded shares of Palantir Technologies from a “market perform” rating to an “underperform” rating in a research note on Tuesday, February 16th. The Goldman Sachs Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $13.00 to $34.00 in a research note on Wednesday, February 17th. Posted by Tristan Rich on Mar 26th, 2021 // Comments off. The shares were sold at an average price of $26.07, for a total transaction of $3,661,661.85. Posted-In: News Top Stories Tech Best of Benzinga, Thank you for subscribing! The sell-off is largely driven by a mixed December quarter earnings report. Palantir Stock (PLTR): Lockup Period and Earnings Date Revealed! Finally, Credit Suisse Group initiated coverage on shares of Palantir Technologies in a research report on Tuesday, March 16th. Contrary to other direct listings, PLTR decided to use a lock-up period, which makes it just like an IPO in this respect. Palantir To Debut New Software, Apps At Inaugural Demo Day, Morgan Stanley Downgrades Palantir, Says Risk/Reward Paradigm Shifts Decidedly Negative. Analysis, Updates & My Thoughts - YouTube. Palantir shares, which ended their debut session at $9.50, began a leg up in late October. Potentially, we may see pull back to key support level of $31 with possible false break-outs to $28 and in worst case $25. Since many shares are likely to enter the market, PLTR could see a drop. They issued an “underperform” rating and a $20.00 price target for the company. Markets Set New All-Time Closing Highs. The company’s 50 day moving average price is $27.46. Insiders have sold 3,240,956 shares of company stock valued at $89,338,314 in the last three months. Following the transaction, the insider now owns 102,533 shares in the company, valued at approximately $2,673,035.31. One area that investors have been worrying over is the expiry period of the founder's lockup. Palantir Technologies had issued 257,135,415 shares in its initial public offering on September 30th. Related Link: Morgan Stanley Downgrades Palantir, Says Risk/Reward Paradigm Shifts Decidedly Negative. A direct listing doesn't mandate a lock-up period, unlike an initial public offering. What is the PLTR Lock-Up Period Palantir Technologies (PLTR) has been on a rampage since it went public on September 30th. A number of institutional investors have recently modified their holdings of PLTR. 4 Palantir Analysts Debate Data Analytics Company's Mixed Q4, Eye End Of Lockup Period. BlackRock Inc. now owns 33,350,543 shares of the company’s stock worth $785,406,000 after acquiring an additional 4,051,396 shares during the period. THIS IS NOT FINANCIAL ADVICE AND IS PUBLISHED FOR MY OWN RECORDS. The number appears mammoth when compared to the average three-month trading volume of 74.33 million shares. Mixed Stance On Palantir From Funds: Soros Fund Management, which was among the earliest investors in Palantir, said following the listing it had sold all the shares it was permitted to sell and will continue to sell. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. Point72 Asset Management L.P. acquired a new stake in shares of Palantir Technologies in the third quarter worth $284,091,000. When a company goes public through a traditional IPO, it usually sets a lock-up period of 90 to 180 days during which insiders can't sell their shares. "This will make approximately 1.8 billion shares available for sale, representing roughly 80% of outstanding shares," William Blair analyst Kamil Mielczarek said in a note. Palantir Stock (PLTR): Lockup Period and Earnings Date Revealed! Subject to the terms of the Lock-up Agreement and excluding all shares of our Class F common stock, substantially all of these shares may be immediately sold either by the Registered Stockholders pursuant to this prospectus or by our other existing stockholders under Rule 144 since such shares held by such other stockholders will have been beneficially owned by non-affiliates for at least … Related Link: Palantir To Debut New Software, Apps At Inaugural Demo Day. However, Palantir opted to impose a restriction and allowed insiders to cash in on only 20% of their holdings on the day of the listing. Furthermore, the impact of PLTR's lock-up is reviewed in relation to companies that have IPO'ed. © 2021 Benzinga.com. Following the transaction, the insider now owns 7,711,619 shares in the company, valued at approximately $243,610,044.21. Palantir Technologies has a 52 week low of $8.90 and a 52 week high of $45.00. 191,564 Shares in Atmos Energy Co. Acquired by SeaTown Holdings Pte. Contrary to other direct listings, PLTR decided to use a lock-up period, which makes it just like an IPO in this respect. Palantir stock declined by about 13% in Tuesday’s trading and is down by almost 25% over the last 5 trading days. The total size of the offering was $1,864,231,759 based on an initial share price of $7.25. Palantir's Joe Lonsdale Responds To PayPal's Peter Thiel's Comments On Bitcoin: Says Bitcoin Is A 'Force For Freedom'. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. First, the lockup period is going to end in February. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Palantir Technologies Inc (NYSE: PLTR) shares came under pressure Thursday, extending the stock's losses for a sixth straight session. The disclosure for this sale can be found here. Usually, just 20% of a company’s shares are offered for the investing public. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. A direct listing doesn't mandate a lock-up period, unlike an initial public offering. However, Palantir opted to impose a restriction and allowed insiders to cash in on only 20% of their holdings on the day of the listing. Palantir Technologies Inc (NYSE: PLTR… This is done to help the market establish a price track record. Institutional investors and hedge funds own 10.13% of the company’s stock. Finally, P STS SPV GP IA LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $432,809,000. The stock price of big data and analytics player Palantir is down by about 20% over the past month. Although the company has seen some positive developments in … Palantir’s Chairman and other high ranking officials sold off some shares as the IPO lockup period expired last week. Palantir's (PLTR)direct listing in September unusually included a lockup period, which expires today The stock has since then pulled back, with the impending lock-up expiry on the mind of investors. Here's a quick summary. Then once more, even a small dip might enlarge income due to possibility leverage. NYSE:PLTR fell by 3.45% on Monday as the broader markets continued to fall. Create one. The shares were sold at an average price of $31.59, for a total transaction of $40,597,035.57. Ltd. Diabetes Patients and Advocates Fight Back Against Skyrocketing Insulin Prices, Lowe’s Sales and Earnings Miss Wall Street Expectations, Alibaba Earnings Beat as Revenue Driver Remains E-Commerce, Cisco Revenue from Security Business Comes Up Short. Palantir's stock sank on Thursday as a lockup expiration allowed 80% of the company's shares to trade on the open market. Thanks to a steady rally, the stock hit a record high of $45 Jan. 27, a gain of about 375% from the stock's debut. A unique "pressure release valve" is explained which could somewhat mitigate the impact of the lock-up expiration. If a significant shareholder is trying to unload all their holdings in the first week, they can send the stock down, and this does not help anyone. Palantir Technologies’ (NYSE:PLTR) lock-up period is set to expire on Monday, March 29th. A lock-up period (also known as a lock-up agreement) is a period of time (usually between 90-180 days) when investors are not allowed to buy or redeem shares. PLTR Price Action: At last check, Palantir shares were down 7.61% to $25.02. It is unclear if there’s sufficient draw back potential to make this work. Update to my previous post: Short-squeeze frenzy ignited volatility and catapulted the stock new consolidation level around $35 as point of control. The downward spiral was also abetted by an uninspiring fourth-quarter print, with some on the sell-side questioning the achievability of the long-term targets provided by the company. Lock-up periods can apply to hedge funds and initial public offerings. A hedge fund lock-up period will be linked to the underlying investments of the fund. ABG Acquisition Corp. I’s Quiet Period To End on March 29th (NASDAQ:ABGI), Vor Biopharma (NYSE:VOR) Coverage Initiated at B. 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Palantir Stock lock-up. Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. Palantir’s stock sank on Thursday as a lockup expiration enabled 80% of the business’s shares to trade on the free market. “Palantir will lock up about 80% of shares in the company, allowing about 380 million shares to trade on opening day. Citigroup downgraded shares of Palantir Technologies from a “neutral” rating to a “sell” rating and upped their target price for the stock from $10.00 to $15.00 in a research note on Wednesday, January 13th. Palantir Technologies’ (NYSE:PLTR) lock-up period is set to expire on Monday, March 29th. Everything you need to know about the latest SPAC news. My apologies for the wall of text, but there are several important points if you care about PLTR's lock-up, and what it could mean for PLTR's stock price. 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