Why Palantir Technologies Shares Are Falling

Shares of several companies in the broader technology sector, including Palantir ($PLTR@US), were trading lower yesterday. Palantir helps organizations manage Big Data to gain insight and drive operational outcomes. Founded in 2003, Palantir initially focused on the government intelligence and defense sectors while later expanding into commercial markets to provide data operating systems. The stock declined by about 30% over the last month, considerably underperforming the S&P 500. Although Palantir posted stronger than expected Q3 results in early November, the stock fell post-earnings as investors were apparently concerned by the lower growth rate for the company's government business versus prior quarters. Palantir sees itself growing revenues at 30%-plus levels from 2021 through 2025, as both its commercial and government businesses continue to expand. Margins are also looking up, with adjusted operating margins standing at 32% for the first nine months of this year, up from around 11% last year. Palantir has a 52-week high of $45.00 and a 52-week low of $17.06.