PLTR has one heck of a following and it’s dark pool activity is one you’ll want to pay attention to if you are invested in this stock. One way to see the potential direction of a stock is to look at the Dark Pool activity, which provides us with a glimpse into the private market where big institutional blocks of shares are bought and sold. How big are these blocks trades? Big enough that if these trades happened on the live markets, they would cause massive swings in Palantirâ€™s stock price.
Dark Pool activity is often an indicator as to what direction a stock will move. Sometimes this is on insider information, or sometimes the smart money is anticipating a catalyst like a blowout earnings report. Either way, following smart money has always been a profitable way of playing the market, and with Dark Pool activity, you can see how the institutions are trading PLTR stock.
Let’s take PLTR dark pool activity as of July 16th below.
PLTR Stock Analysis
Palantir (NYSE:PLTR) is one of the most polarizing stocks trading on Wall Street today. It is beloved by retail investors on Reddit and FinTwit, and is even considered to be a meme stock by some. But itâ€™s beloved by institutions as well, with some of the biggest names in the financial world sitting on massive stakes. Institutional fans of Palantir include Cathie Wood and Ark Invest, Stanley Druckenmillerâ€™s Duquesne Family Office, and major funds like Blackrock and Vanguard.
How was Plantir founded?
The company was founded following the 9/11 terrorist attacks on the World Trade Center and is named after the powerful all-seeing mystical stone from the Lord of the Rings. It has a powerful executive team backed by PayPal co-founder and renowned investor Peter Thiel, alongside co-founder and current CEO Alex Karp.
But what does Palantir actually do?
The company is an enigma and while its main business is in big data analytics, most investors have a difficult time describing exactly what it is that Palantir does, and perhaps that is hurting the stock price. What are you thoughts? Could they do a better job explaining what they do? Maybe they can’t because it would hurt their edge. Who knows.
From what I can see, the company analyzes large sets of data using its three platforms: Palantir Gotham, Palantir Foundry, and Palantir Metropolis. Big data analytics is becoming increasingly important in every aspect of our lives, and Palantir is able to extract large sets of data and find recurring patterns or similarities. Itâ€™s a simple concept but there is a reason Palantir is considered an industry leader in the field.
PLTR Trading Activity
Like with any battleground stock, Palantir certainly has its fair share of bulls and bears. The bulls see the big picture, a company that is expected to grow its revenues to over $4 billion annually by 2025, which is an impressive CAGR of about 30%. The bears see a company that relies too heavily on government contracts and has never been profitable in its 18 years of existence.
After hitting all-time highs of $45 per share in January of this year, PLTR stock has traded mostly sideways in the six months following. Valuations have always been a concern for Palantir as it trades at a higher multiple than most of its peers. Even for a high growth tech stock, Palantir trades at a price to sales ratio of 30. Its year over year losses have widened each of the past two years as the company attempts to rapidly scale its consumer facing business.
Dark Pool Charts $PLTR
Planatir is a unique company with a bright future. They claim to have the most powerful criminal investigative software on planet earth. It’s true that organizations around the world are using it to help them do their most important work: uncover human trafficking rings, find exploited children and unravelling complex financial crimes.
$PTLR is doing so much humanitarian work too. The company is working to create a future in which public institutions, commercial enterprises and non-profit organizations can use data to function as they were designedâ€”to fulfill the mandates with which they’ve been entrusted to carry out, like providing clean water or distributing aid. It’s a good cause and something a lot of investors can feel good about, but will it translate to profits? Time will tell.
All that being said, you can now you can see why using specific dark pool data can be invaluable to your trading or investing process. If you are a long term investor, watching the activity on dark pool charts can alert you to opportunities to buy and sell. However, it should be only one factor in your decision making process.
Mastering the charts will give you a serious edge over other retail traders or investors. As far as software goes, FlowTrade is the ultimate smart money algorithm that can provide real time dark pool data and flow. The best part about it is the fact you only need to look visually to understand what is going on. No heavy calculations need to be done, the software does it all.
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