Palantir Technologies Inc. (PLTR)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Palantir Technologies Inc. (“Palantir” or the “Company”) (NYSE: PLTR). The investigation concerns whether Palantir and certain of its officers and/or directors have violated federal securities laws.

 

On May 9, 2022, Palantir disclosed its financial results for the first quarter of 2022 (“Q1”) and issued guidance for the second quarter of 2022 (“Q2”).  For Q1, Palantir announced adjusted earnings per share of $0.02, compared to analyst estimates of $0.04 per share.  For Q2, the Company said that it expected $470 million in sales, compared to estimates of $483.76 million, but cautioned that revenue could come in well below estimates.  On this news, Palantir’s stock price fell $2.02 per share, or 21.31%, to close at $7.46 per share on May 9, 2022.

 

If you are aware of any facts relating to this investigation, or purchased Palantir shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.