On August 21, Palantir Technologies Inc. rose 3.21% in regular trading, reaching $179.55 per share, with turnover of $22.34 billion.
The move extends post-earnings momentum following a blowout Q2 report that showed US commercial business surging 149% year-over-year, with total contract value exceeding $2 billion. Management raised full-year revenue guidance to $8.16 billion, reinforcing confidence in durable AI-driven demand. UBS raised its price target to $220, while Deutsche Bank upgraded the stock to Buy.
Options flow on the day remained skewed bullish, highlighted by a $3.72 million far-dated 190 Call purchase signaling institutional confidence in further upside, with the Call/Put volume ratio at 1.13. CEO Alexander Karp disclosed plans to sell approximately $70.34 million in shares, though the market largely shrugged off the insider activity as routine.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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