TheCSM
2021-05-25
HODL
Palantir: Big Money Is Flowing In
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":138018129,"tweetId":"138018129","gmtCreate":1621900908561,"gmtModify":1631891119756,"author":{"id":3576144409995554,"idStr":"3576144409995554","authorId":3576144409995554,"authorIdStr":"3576144409995554","name":"TheCSM","avatar":"https://static.tigerbbs.com/6efc7d366993c14843b768fab99c5631","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>HODL</p></body></html>","htmlText":"<html><head></head><body><p>HODL</p></body></html>","text":"HODL","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/138018129","repostId":1163999126,"repostType":4,"repost":{"id":"1163999126","pubTimestamp":1621900386,"share":"https://www.laohu8.com/m/news/1163999126?lang=&edition=full","pubTime":"2021-05-25 07:53","market":"us","language":"en","title":"Palantir: Big Money Is Flowing In","url":"https://stock-news.laohu8.com/highlight/detail?id=1163999126","media":"seekingalpha","summary":"Summary\n\nInstitutional investors collectively bought about 1.2% of Palantir's public float in the la","content":"<p><b>Summary</b></p>\n<ul>\n <li>Institutional investors collectively bought about 1.2% of Palantir's public float in the latest 13F filings cycle.</li>\n <li>The company is positioning itself for multi-year, multi-segment growth, so it makes sense to buy and hold the stock.</li>\n <li>Readers and investors may want to remain long on the name.</li>\n</ul>\n<p>Palantir's (PLTR) shares are down 55% since their February highs and its investors are understandably worried now. While bulls believe this dip provides an excellent buying opportunity, bears feel the stock can still fall further. Amidst these debates between bulls and bears, a broad swath of institutional investors seems to have picked sides already. Latest 13F filings data, released a few days ago, reveals that this class of investors has accumulated Palantir's shares as they dropped in the past few weeks. This should come across as an encouraging sign for the company's long-side investors, especially for those who're facing the dilemma about whether to hold or exit the stock altogether.</p>\n<p><b>The Institutional Buying</b></p>\n<p>Let me start by saying that institutional investors generally have several tools and resources at their disposal - such as access to company managements, supply chain connections, large analyst teams to conduct scuttlebutt research - which can, at times, give them an edge over retail investors. So, following their trading activity and their well-researched bets can sometimes provide us with leading insights about how particular stocks might perform next.</p>\n<p>As far as Palantir is concerned, institutional investors collectively accumulated about 16 million of the company's shares, on a net basis, in the last 13F filing cycle. This equates to about 0.9% and 1.2% of Palantir's overall shares outstanding and its total public float, respectively. For the record, the latest 13F filings cycle spanned from 1 January, 2021 to 31 March, 2021, and the data was fully released less than a week ago, which makes it very much fresh and relevant to our analysis here.</p>\n<p><img src=\"https://static.tigerbbs.com/62f3213bf751c6c12d0c50a291b217a4\" tg-width=\"640\" tg-height=\"623\" referrerpolicy=\"no-referrer\"></p>\n<p><i>(Source:Nasdaq)</i></p>\n<p>There are a few more finer details of this data release that particularly stand out. For starters, the number of institutions that increased their exposure to Palantir's shares in the last 13F cycle greatly outnumbered those that reduced their positions in the name, by a factor of 3.6 times. Where 140 institutions cut their exposure to Palantir, 504 institutional investors bought into it. This goes to show that this class of sophisticated investors, as a whole, is very bullish on the data analytics firm and its growth prospects.</p>\n<p>Next, I pulled the trading data for Palantir's 60 largest institutional investors, hoping to get a fresh perspective and to see if they traded any differently. Interestingly, only 12 out of its 60 largest institutional investors trimmed their positions in the company. On the other hand, the remaining 48 institutions bought Palantir's shares during the last 13F filings cycle. This, again, points us to an overly bullish market sentiment pertaining to Palantir, at least when it comes to this class of sophisticated investors.</p>\n<p><img src=\"https://static.tigerbbs.com/c99cca76c314d56e203fe2c3a776df4c\" tg-width=\"640\" tg-height=\"451\" referrerpolicy=\"no-referrer\"></p>\n<p>This brings us to the next question - why are institutional investors so bullish on Palantir in the first place?</p>\n<p><b>Bullish for Good Reason</b></p>\n<p>For starters, Palantir has posted consistent revenue growth in the last several quarters without exhibiting any signs of cyclicality. Specifically, its revenue from government clients has more than doubled over the last 7 quarters which suggests that the company isn't relying on sheer luck for its growth, but rather it has good connections within various government wings and that it has the technical expertise, security protocols, and the know-how to get qualified for government contracts time and again.</p>\n<p><img src=\"https://static.tigerbbs.com/7465899e34b8b02a52bd61f29c4b74a1\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n<p><i>(Source: BusinessQuant.com)</i></p>\n<p>At this point, I believe Palantir just needs to rinse-and-repeat its strategy for government clients to continue growing rapidly. There's also the distinct possibility that government agencies start to internally recommend Palantir to other government departments for varied and different applications, if it reliably and in a timely manner executes on deliverables, which could further drive Palantir's revenue from government clients going forward.</p>\n<p>Secondly, I explained in prior articles how Palantir istransitioningto a customer-friendly payment model andhiringmore sales personnel to expand its footprint, and to accelerate its revenue growth, in the commercial space. Its collective efforts seem to be bearing fruit already. Palantir's management noted in their recent earnings call that their initial commercial pilots, which are small implementations to test and showcase product viability, have more than doubled since February. From itsQ1 earnings call:</p>\n<blockquote>\n Since the beginning of February, qualified commercial opportunities in the US and the UK are up 2.5 times. Active commercial pilots across the business have more than doubled and opportunities across the US and UK government continue to develop at pace.\n</blockquote>\n<p>Once this bigger pool of pilots eventually starts to convert in the coming months, partially or wholly, Palantir's commercial segment revenue is bound to start growing rapidly and is likely to materially contribute to its overall growth. So, essentially, we're looking at multi-year and multi-segment revenue growth for Palantir in the coming quarters. This gives the assurance to growth-seeking investors with a long-term time horizon - retail and institutional alike - that Palantir is a buy-and-hold type of stock.</p>\n<p>Lastly, Palantir's valuation has been a hot topic of debate in the investing community of late. A few bearish commenters feel the stock would have to drop down to $8 per share, implying a 60% downside from current levels, to reach its fair value. While I appreciate the vigor and long-sightedness behind these comments, I don't think that Palantir's shares will fall (as much) down to industry-average trading multiples anytime soon.</p>\n<p><img src=\"https://static.tigerbbs.com/7b946dc14c5476f2ec486ee1a607ce96\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p><i>(Source:Seeking Alpha)</i></p>\n<p>To get a data-driven understanding of where Palantir stands compared to its peers, I compiled the revenue growth rates and trailing twelve-month P/S multiples for over 300 software application and infrastructure stocks. Then I used this data table to prepare a scatter chart, so readers can visually digest this data set.</p>\n<p><img src=\"https://static.tigerbbs.com/4cfba6baf7174173495f710c8d278597\" tg-width=\"640\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p>\n<p><i>(Source: BusinessQuant.com)</i></p>\n<p>The Y-axis makes it clear that Palantir is actually trading at a steep premium compared to most of its peers in the software application and infrastructure industries. At the same time, it's also evident from the X-axis that Palantir's revenue growth rate is higher than the vast majority of its peers. So, essentially, investors are paying a premium for its lofty revenue growth momentum. This price premium is unlikely to go away, or normalize with Palantir's slower-growing peers unless its revenue growth rate drops materially. However, it's anyone's best guess as to if, why, and when, Palantir's revenue growth rate would materially decelerate.</p>\n<p><b>Final Thoughts</b></p>\n<p>There's no denying that Palantir's shares are trading at a premium compared to its peers. However, this doesn't necessarily make Palantir a bad investment. Its price premium is actually justified by its relatively higher pace of revenue growth. I'd like to also clarify that institutional buying alone doesn't dictate stock price movements. The data highlights the trades that have already taken place in the past and it should be, at best, used to corroborate or contradict your investment thesis.</p>\n<p>Having said that, if there was something fundamentally flawed with Palantir, or its share price was bound to fall, institutional investors would've actively trimmed and/or wound up their long positions in the company. But that did not happen. Instead, institutional investors actively bought Palantir's shares in the latest 13F filings cycle indicating that they're expecting the stock to significantly appreciate in value going forward. This should come as a reassuring sign for the company's long-side investors and hopefully put rest to bearish concerns. Good Luck!</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Big Money Is Flowing In</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Big Money Is Flowing In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 07:53 GMT+8 <a href=https://seekingalpha.com/article/4430837-palantir-big-money-is-flowing-in><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nInstitutional investors collectively bought about 1.2% of Palantir's public float in the latest 13F filings cycle.\nThe company is positioning itself for multi-year, multi-segment growth, so ...</p>\n\n<a href=\"https://seekingalpha.com/article/4430837-palantir-big-money-is-flowing-in\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4430837-palantir-big-money-is-flowing-in","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163999126","content_text":"Summary\n\nInstitutional investors collectively bought about 1.2% of Palantir's public float in the latest 13F filings cycle.\nThe company is positioning itself for multi-year, multi-segment growth, so it makes sense to buy and hold the stock.\nReaders and investors may want to remain long on the name.\n\nPalantir's (PLTR) shares are down 55% since their February highs and its investors are understandably worried now. While bulls believe this dip provides an excellent buying opportunity, bears feel the stock can still fall further. Amidst these debates between bulls and bears, a broad swath of institutional investors seems to have picked sides already. Latest 13F filings data, released a few days ago, reveals that this class of investors has accumulated Palantir's shares as they dropped in the past few weeks. This should come across as an encouraging sign for the company's long-side investors, especially for those who're facing the dilemma about whether to hold or exit the stock altogether.\nThe Institutional Buying\nLet me start by saying that institutional investors generally have several tools and resources at their disposal - such as access to company managements, supply chain connections, large analyst teams to conduct scuttlebutt research - which can, at times, give them an edge over retail investors. So, following their trading activity and their well-researched bets can sometimes provide us with leading insights about how particular stocks might perform next.\nAs far as Palantir is concerned, institutional investors collectively accumulated about 16 million of the company's shares, on a net basis, in the last 13F filing cycle. This equates to about 0.9% and 1.2% of Palantir's overall shares outstanding and its total public float, respectively. For the record, the latest 13F filings cycle spanned from 1 January, 2021 to 31 March, 2021, and the data was fully released less than a week ago, which makes it very much fresh and relevant to our analysis here.\n\n(Source:Nasdaq)\nThere are a few more finer details of this data release that particularly stand out. For starters, the number of institutions that increased their exposure to Palantir's shares in the last 13F cycle greatly outnumbered those that reduced their positions in the name, by a factor of 3.6 times. Where 140 institutions cut their exposure to Palantir, 504 institutional investors bought into it. This goes to show that this class of sophisticated investors, as a whole, is very bullish on the data analytics firm and its growth prospects.\nNext, I pulled the trading data for Palantir's 60 largest institutional investors, hoping to get a fresh perspective and to see if they traded any differently. Interestingly, only 12 out of its 60 largest institutional investors trimmed their positions in the company. On the other hand, the remaining 48 institutions bought Palantir's shares during the last 13F filings cycle. This, again, points us to an overly bullish market sentiment pertaining to Palantir, at least when it comes to this class of sophisticated investors.\n\nThis brings us to the next question - why are institutional investors so bullish on Palantir in the first place?\nBullish for Good Reason\nFor starters, Palantir has posted consistent revenue growth in the last several quarters without exhibiting any signs of cyclicality. Specifically, its revenue from government clients has more than doubled over the last 7 quarters which suggests that the company isn't relying on sheer luck for its growth, but rather it has good connections within various government wings and that it has the technical expertise, security protocols, and the know-how to get qualified for government contracts time and again.\n\n(Source: BusinessQuant.com)\nAt this point, I believe Palantir just needs to rinse-and-repeat its strategy for government clients to continue growing rapidly. There's also the distinct possibility that government agencies start to internally recommend Palantir to other government departments for varied and different applications, if it reliably and in a timely manner executes on deliverables, which could further drive Palantir's revenue from government clients going forward.\nSecondly, I explained in prior articles how Palantir istransitioningto a customer-friendly payment model andhiringmore sales personnel to expand its footprint, and to accelerate its revenue growth, in the commercial space. Its collective efforts seem to be bearing fruit already. Palantir's management noted in their recent earnings call that their initial commercial pilots, which are small implementations to test and showcase product viability, have more than doubled since February. From itsQ1 earnings call:\n\n Since the beginning of February, qualified commercial opportunities in the US and the UK are up 2.5 times. Active commercial pilots across the business have more than doubled and opportunities across the US and UK government continue to develop at pace.\n\nOnce this bigger pool of pilots eventually starts to convert in the coming months, partially or wholly, Palantir's commercial segment revenue is bound to start growing rapidly and is likely to materially contribute to its overall growth. So, essentially, we're looking at multi-year and multi-segment revenue growth for Palantir in the coming quarters. This gives the assurance to growth-seeking investors with a long-term time horizon - retail and institutional alike - that Palantir is a buy-and-hold type of stock.\nLastly, Palantir's valuation has been a hot topic of debate in the investing community of late. A few bearish commenters feel the stock would have to drop down to $8 per share, implying a 60% downside from current levels, to reach its fair value. While I appreciate the vigor and long-sightedness behind these comments, I don't think that Palantir's shares will fall (as much) down to industry-average trading multiples anytime soon.\n\n(Source:Seeking Alpha)\nTo get a data-driven understanding of where Palantir stands compared to its peers, I compiled the revenue growth rates and trailing twelve-month P/S multiples for over 300 software application and infrastructure stocks. Then I used this data table to prepare a scatter chart, so readers can visually digest this data set.\n\n(Source: BusinessQuant.com)\nThe Y-axis makes it clear that Palantir is actually trading at a steep premium compared to most of its peers in the software application and infrastructure industries. At the same time, it's also evident from the X-axis that Palantir's revenue growth rate is higher than the vast majority of its peers. So, essentially, investors are paying a premium for its lofty revenue growth momentum. This price premium is unlikely to go away, or normalize with Palantir's slower-growing peers unless its revenue growth rate drops materially. However, it's anyone's best guess as to if, why, and when, Palantir's revenue growth rate would materially decelerate.\nFinal Thoughts\nThere's no denying that Palantir's shares are trading at a premium compared to its peers. However, this doesn't necessarily make Palantir a bad investment. Its price premium is actually justified by its relatively higher pace of revenue growth. I'd like to also clarify that institutional buying alone doesn't dictate stock price movements. The data highlights the trades that have already taken place in the past and it should be, at best, used to corroborate or contradict your investment thesis.\nHaving said that, if there was something fundamentally flawed with Palantir, or its share price was bound to fall, institutional investors would've actively trimmed and/or wound up their long positions in the company. But that did not happen. Instead, institutional investors actively bought Palantir's shares in the latest 13F filings cycle indicating that they're expecting the stock to significantly appreciate in value going forward. This should come as a reassuring sign for the company's long-side investors and hopefully put rest to bearish concerns. Good Luck!","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/138018129"}
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