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PLTR Stock: 13 Things to Know About Frequent WSB Reddit Target Palantir on Demo Day

Palantir (NYSE:PLTR) stock is on the move Tuesday as the company prepares for its Demo Day event later today.

Palantir Technologies (PLTR) headquarters
Source: Sundry Photography /

Here’s what investors need to know ahead of the event.

  • Palantir is a big data analytics software company founded in 2003.
  • The company is often the target of the Wall Street Bets Reddit forum.
  • For those that don’t know, these are investors that make use of social media to push shares of stocks higher before selling for a profit.
  • The Wall Street Bets subreddit has been gaining additional attention lately after investors from the site sent GameStop (NYSE:GME) stock skyrocketing.
  • With the Palantir Demo Day set to take place this evening, it’s possible these investors may target the company again.
  • The Demo Day event will have Palantir showing off its software to the public.
  • That includes its Foundry and Gotham software platforms.
  • This will show commercial and government customers of the company use its software.
  • To go along with this, Palantir also plans to make new announcements at the event.
  • This includes its new modular strategy, as well as plans for new software modules.
  • The event will also cover updates to Apollo, which is the company’s continuous delivery and infrastructure platform.
  • Anyone that wants to take part in the Demo Day event has to sign up in advance.
  • The event takes place at 4:30 p.m. Eastern Time today.

PLTR stock was down 1.1% as of Tuesday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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