Institutional sellers dominated buyers in Palantir Technologies Inc. on 02/23/2024

Post date: 2024-02-27 00:37:44 GMT

This chart shows distribution of Institutional flows for PLTR: % buyers in green and % sellers in red. The proportions of the institutional flows are estimated as a % of the total volume traded in PLTR on 02/23/2024. As the chart shows, most recently there is more mass on the sellers side of the institutional flows than on the buyers side. However, the history of institutional flows and their relative proportion over time also matters. The 20-day trendline shows the slope of -6.8%. This implies that the trend has been dominated by institutional sellers.

Palantir Technologies Inc. (PLTR) is a data analytics and software company that was founded in 2003 by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp. The company is headquartered in Denver, Colorado and has a strong focus on working with government agencies and companies in the defense and intelligence industries. Palantir's flagship product, Gotham, is a big data analysis platform used by organizations to make sense of large and complex data sets. Its other major product, Foundry, is used in commercial industries for data integration and analysis. PLTR has gained attention for its controversial partnerships and work with government agencies, including the US Immigration and Customs Enforcement (ICE). Despite this, the company has seen steady growth and is now publicly traded on the New York Stock Exchange.