Success with commercial enterprises could represent upside to estimates, the analyst said. Morgan Stanley sees room for Palantir to sustain top-line momentum, particularly in the government segment. "As such, we see the level of discount to peers implied by current trading as too severe, creating an attractive risk/reward," Weiss said. Related Link: Cathie Wood's Internet ETF Sells Some Tesla, Xilinx, Buys The Dip In Fastlyĭespite this unique combination of accelerating revenue growth and quickly expanding margins, Palantir shares are trading at a discount to peers, he said. This has helped margins ramp rapidly over the last year, shifting the company's positioning more toward software from being a consulting/services firm, the analyst said. Note: (J3:05 p.m.The introduction of the Apollo continuous delivery platform has reduced the time and number of engineers needed to install, deploy and manage the customer-facing platform, Weiss said. Neither Oracle, Palantir, nor Goldman Sachs would comment for this story. As part of that litigation, he requested the company’s financial records. Then, in March, Abramowitz sued Palantir, charging that it had stymied his attempt to sell his shares. Last fall, Palantir sued Abramowitz, charging that asked the company for confidential information about cyber-insurance and clinical drug trials projects, and then turned around to file for patents based on that information. ![]() The bad blood between the Palantir investor and the company itself goes back a bit. Get Data Sheet, Fortune’s daily technology newsletter. This source also said that Thiel met with Ellison at Ellison’s request. At that time, the IPO was thought to be worth between $30 billion and $50 billion. Oracle, which leads the market in database sales, also sells a lot of software to this type of customer.Ībramovitz also testified that he had heard Goldman Sachs (GS) had pitched a potential Palantir IPO worth $30 billion in 2015, Another source close to the matter tells Fortune that the Goldman talks did occur, but no offer was made. The software reportedly searches through massive sets data to find patterns that, in theory, help intelligence agencies track terrorists and financial services firms to detect fraud. As noted, Palantir doesn’t disclose much, at least not willingly. The Palo Alto-based company sells data mining software and services to intelligence and law enforcement agencies-at least as far as anyone can tell. Related: Super Secret Palantir Is Considering an IPO Last year, however, Morgan Stanley (MS) marked down its stake in Palantir by 32%, which could be a reflection of startup valuations in general-or Palantir’s, in particular. The company has more than $2 billion in funding, and as of two years ago, it was valued at about $20 billion. Palantir would likely be an even bigger deal. Last year, for example, Oracle paid $9.5 billion to buy NetSuite. Oracle (ORCL), the Redwood Shores, Calif.-based business software giant, is known for acquisitions big and small. Abramowitz and another Palantir backer, former Walt Disney (DIS) executive Michael Ovitz, set up the Thiel-Ellison confab, according to the report. Fortune was able to separately verify some of the details.Ībramowitz told a Delaware judge that Thiel, also an early Palantir investor, met with Ellison in 2016 to discuss a possible deal. ![]() Bloomberg reported the talks on Wednesday, citing court testimony from Palantir investor Marc Abramowitz who is suing the company.
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