Palantir Technologies (NYSE:PLTR) Stock, Quote.Headers.trade-ideas

Palantir Technologies

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.

8 Challenges Cathie Wood Faced And Overcame In Her Career

Equities

News

Markets

ETFs

$BTC

ARKF

ARKK

HOOD

PLTR

On Wednesday, Cathie Wood-led Ark Invest continued its trend of offloading shares of Robinhood Markets Inc (NASDAQ:HOOD) and Palantir Technologies Inc (NYSE:PLTR), marking significant tra

Cathie Wood&#39;s Ark Invest Continues Dumping Robinhood And Palantir Shares As Interest Rates Fall

Palantir stock

Large Cap

Contracts

Movers

AIPI

GUNZ

Palantir Technologies stock rises on multi-million-dollar deal with Nebraska Medicine to use AI technology in healthcare. 

Palantir&#39;s AI Powers Nebraska Medicine: Inks Multi-Million Dollar Deal To Advance Patient Care

Analyst Color

Long Ideas

Reiteration

Analyst Ratings

Trading Ideas

Palantir shares are poised for strong upside as it makes further inroads into its client base with increased use cases and also pick up fresh customers, an analyst says.

Palantir &#39;Key Enabler&#39; Of Clients&#39; Businesses, Says Bullish Analyst, As CEO Alex Karp Touts 10-Fold Growth From Current Levels

Palantir Technologies Inc. Class A Common Stock

Palantir Technologies Inc

On Wednesday, Cathie Wood-led Ark Invest continued its trend of offloading shares of Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), marking significant trades for the day.
The Robinhood Trade: Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) sold 24,796 shares of Robinhood. This decision aligns with Ark&#8217;s recent trading patterns, which have seen a <a href="https://www.benzinga.com/markets/equities/24/09/40890420/cathie-woods-monday-maneuvers-ark-invest-continues-to-offload-robinhood-and-palantir-shares">steady decrease</a> in Robinhood holdings. 
The move comes in the wake of Robinhood&#8217;s $3.9 million settlement with California&#8217;s Department of Justice over its previous ban on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) withdrawals. Despite this setback, Robinhood has been evolving from a meme stock trading platform to a serious contender against traditional brokerages. The value of the trade, based on Robinhood&#8217;s closing price of $22.95 on the same day, is approximately $569,368. 
Notably, Robinhood shares rose after the Federal Reserve cut interest rates by 50 basis points, <a href="https://www.benzinga.com/news/24/09/40926981/robinhood-markets-stock-surges-wednesday-heres-why">benefiting from increased user engagement</a>, margin trading, and favorable growth stock valuations in a low-rate environment. The shares appreciated 1.4% in the regular session and gained 0.9% in the after-hours trading.
The Palantir Trade: Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund sold 32,772 shares of Palantir. This move followed the company&#8217;s 5th AIPCon, where CEO Alex Karp expressed optimism about Palantir&#8217;s inclusion in the S&amp;P 500 Index and the company&#8217;s potential for growth. Based on Palantir&#8217;s closing price of $36.38 on the same day, the value of the trade is approximately $1.2 million.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40867788/expert-says-warren-buffetts-top-executive-ajit-jain-sold-berkshire-hathaway-stake-because-the-st?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Expert Says Warren Buffett&#8217;s Top Executive Ajit Jain Sold Berkshire Hathaway Stake Because &#8216;The Stock Was Fully Pricing The Business&#8217;</a>
Other Key Trades: 
<ul>
<li>Ark Invest sold shares of Veeva Systems Inc. The firm also offloaded shares of Butterfly Network Inc. </li>
<li>Ark Invest bought shares of Tempus AI Inc and sold shares of Roblox Corp. </li>
<li>Ark Invest fund sold shares of Intuitive Surgical Inc and bought shares of 3D Systems Corp. </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40892040/starbucks-north-america-ceo-michael-conway-quits-after-just-6-months-in-the-position?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position</a></li>
</ul>

Cathie Wood's Ark Invest Continues Dumping Robinhood And Palantir Shares As Interest Rates Fall

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$115.00</td>
<td>$59.2K</td>
<td>43.1K</td>
<td>70.4K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$180.00</td>
<td>$54.3K</td>
<td>18.9K</td>
<td>11.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$152.50</td>
<td>$77.8K</td>
<td>8.6K</td>
<td>8.2K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$60.00</td>
<td>$38.0K</td>
<td>4.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$30.00</td>
<td>$697.5K</td>
<td>20.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$19.00</td>
<td>$48.4K</td>
<td>2.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$125.00</td>
<td>$29.0K</td>
<td>4.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$155.00</td>
<td>$99.9K</td>
<td>3.2K</td>
<td>967</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$21.00</td>
<td>$25.6K</td>
<td>16.6K</td>
<td>959</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$450.00</td>
<td>$68.0K</td>
<td>778</td>
<td>851</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on September 20, 2024. This event was a transfer of 250 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $59.2K, with a price of $237.0 per contract. There were 43182 open contracts at this strike prior to today, and today 70495 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 125 contract(s) at a $180.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $54.3K, with a price of $435.0 per contract. There were 18909 open contracts at this strike prior to today, and today 11055 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on September 20, 2024. This event was a transfer of 401 contract(s) at a $152.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $77.8K, with a price of $194.0 per contract. There were 8666 open contracts at this strike prior to today, and today 8204 contract(s) were bought and sold. 
• For MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we notice a put option trade that happens to be bullish, expiring in 485 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $760.0 per contract. There were 4182 open contracts at this strike prior to today, and today 2006 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on September 20, 2024. Parties traded 1065 contract(s) at a $30.00 strike. This particular call needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $697.5K, with a price of $655.0 per contract. There were 20070 open contracts at this strike prior to today, and today 1246 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 121 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $19.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $48.4K, with a price of $242.0 per contract. There were 2511 open contracts at this strike prior to today, and today 1048 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with bullish sentiment. It expires in 2 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 4557 open contracts at this strike prior to today, and today 1031 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option trade that happens to be bearish, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 740 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $99.9K, with a price of $135.0 per contract. There were 3263 open contracts at this strike prior to today, and today 967 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option trade that happens to be bullish, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $21.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $128.0 per contract. There were 16691 open contracts at this strike prior to today, and today 959 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option sweep that happens to be neutral, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 18 contract(s) at a $450.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $68.0K, with a price of $3784.0 per contract. There were 778 open contracts at this strike prior to today, and today 851 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

INTC

MARA

MRVL

MSTR

NVDA

ORCL

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

Whales with a lot of money to spend have taken a noticeably bullish stance on Palantir Technologies.
Looking at options history for Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $334,048 and 4, calls, for a total amount of $253,470.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $50.0 for Palantir Technologies, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Palantir Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palantir Technologies's whale trades within a strike price range from $25.0 to $50.0 in the last 30 days. 
<h3>Palantir Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726672638_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$10.75</td>
<td>$10.6</td>
<td>$10.6</td>
<td>$45.00</td>
<td>$159.0K</td>
<td>469</td>
<td>0</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$13.05</td>
<td>$13.0</td>
<td>$13.04</td>
<td>$25.00</td>
<td>$130.4K</td>
<td>501</td>
<td>101</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.09</td>
<td>$1.06</td>
<td>$1.06</td>
<td>$37.00</td>
<td>$62.0K</td>
<td>1.9K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$10.8</td>
<td>$10.7</td>
<td>$10.7</td>
<td>$26.00</td>
<td>$53.5K</td>
<td>5.2K</td>
<td>50</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.47</td>
<td>$0.46</td>
<td>$0.47</td>
<td>$36.00</td>
<td>$47.0K</td>
<td>6.4K</td>
<td>8.3K</td>
</tr>
</tbody>
</table>

<h3>About Palantir Technologies</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
<h3>Palantir Technologies's Current Market Status</h3>
<ul>
<li>With a volume of 19,193,147, the price of PLTR is up 0.58% at $36.66. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 43 days.</li>
</ul>
<h3>What The Experts Say On Palantir Technologies</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $41.0.
<ul>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Palantir Technologies with a target price of $50. </li>
<li>An analyst from Wedbush downgraded its action to Outperform with a price target of $38. </li>
<li>Reflecting concerns, an analyst from Northland Capital Markets lowers its rating to Market Perform with a new price target of $35.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Palantir Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Looking At Palantir Technologies's Recent Unusual Options Activity

In today's rapidly changing and fiercely competitive business landscape, it is vital for investors and industry enthusiasts to carefully evaluate companies. In this article, we will perform a comprehensive industry comparison, evaluating Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) against its key competitors in the Software industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Palantir Technologies Background</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Palantir Technologies Inc</td>
<td>213.59</td>
<td>20.08</td>
<td>34.79</td>
<td>3.43%</td>
<td>$0.11</td>
<td>$0.55</td>
<td>27.15%</td>
</tr>
<tr>
<td>SAP SE</td>
<td>93.42</td>
<td>5.65</td>
<td>7.29</td>
<td>2.1%</td>
<td>$1.94</td>
<td>$6.02</td>
<td>9.72%</td>
</tr>
<tr>
<td>Salesforce Inc</td>
<td>44.76</td>
<td>4.26</td>
<td>6.90</td>
<td>2.44%</td>
<td>$2.79</td>
<td>$7.17</td>
<td>8.39%</td>
</tr>
<tr>
<td>Adobe Inc</td>
<td>44.16</td>
<td>15.90</td>
<td>11.30</td>
<td>11.46%</td>
<td>$2.31</td>
<td>$4.85</td>
<td>1.86%</td>
</tr>
<tr>
<td>Intuit Inc</td>
<td>61.96</td>
<td>9.83</td>
<td>11.27</td>
<td>-0.11%</td>
<td>$0.13</td>
<td>$2.4</td>
<td>17.4%</td>
</tr>
<tr>
<td>Synopsys Inc</td>
<td>51.41</td>
<td>9.93</td>
<td>11.98</td>
<td>5.49%</td>
<td>$0.46</td>
<td>$1.24</td>
<td>12.65%</td>
</tr>
<tr>
<td>Cadence Design Systems Inc</td>
<td>70.76</td>
<td>17.55</td>
<td>17.92</td>
<td>5.86%</td>
<td>$0.38</td>
<td>$0.92</td>
<td>8.61%</td>
</tr>
<tr>
<td>Workday Inc</td>
<td>42.97</td>
<td>7.91</td>
<td>8.51</td>
<td>1.6%</td>
<td>$0.28</td>
<td>$1.57</td>
<td>16.68%</td>
</tr>
<tr>
<td>Roper Technologies Inc</td>
<td>41.60</td>
<td>3.29</td>
<td>9.12</td>
<td>1.88%</td>
<td>$0.69</td>
<td>$1.19</td>
<td>12.12%</td>
</tr>
<tr>
<td>Autodesk Inc</td>
<td>54.86</td>
<td>23.32</td>
<td>9.99</td>
<td>12.17%</td>
<td>$0.39</td>
<td>$1.36</td>
<td>11.9%</td>
</tr>
<tr>
<td>AppLovin Corp</td>
<td>49.68</td>
<td>47.69</td>
<td>10.29</td>
<td>39.35%</td>
<td>$0.51</td>
<td>$0.8</td>
<td>43.98%</td>
</tr>
<tr>
<td>Datadog Inc</td>
<td>237.02</td>
<td>15.60</td>
<td>17.14</td>
<td>1.9%</td>
<td>$0.06</td>
<td>$0.52</td>
<td>26.66%</td>
</tr>
<tr>
<td>Ansys Inc</td>
<td>56.19</td>
<td>4.98</td>
<td>11.99</td>
<td>2.37%</td>
<td>$0.2</td>
<td>$0.52</td>
<td>19.64%</td>
</tr>
<tr>
<td>Tyler Technologies Inc</td>
<td>121.27</td>
<td>7.98</td>
<td>12.43</td>
<td>2.2%</td>
<td>$0.12</td>
<td>$0.24</td>
<td>7.28%</td>
</tr>
<tr>
<td>PTC Inc</td>
<td>70.92</td>
<td>6.92</td>
<td>9.44</td>
<td>2.32%</td>
<td>$0.13</td>
<td>$0.41</td>
<td>-4.37%</td>
</tr>
<tr>
<td>Zoom Video Communications Inc</td>
<td>24.15</td>
<td>2.44</td>
<td>4.62</td>
<td>2.6%</td>
<td>$0.23</td>
<td>$0.88</td>
<td>2.09%</td>
</tr>
<tr>
<td>Manhattan Associates Inc</td>
<td>82.44</td>
<td>68.82</td>
<td>16.95</td>
<td>21.98%</td>
<td>$0.07</td>
<td>$0.15</td>
<td>14.85%</td>
</tr>
<tr>
<td>Dynatrace Inc</td>
<td>99.13</td>
<td>7.43</td>
<td>10.35</td>
<td>1.89%</td>
<td>$0.06</td>
<td>$0.32</td>
<td>19.93%</td>
</tr>
<tr>
<td>Bentley Systems Inc</td>
<td>42.92</td>
<td>15.16</td>
<td>12.81</td>
<td>7.52%</td>
<td>$0.1</td>
<td>$0.27</td>
<td>11.32%</td>
</tr>
<tr>
<td>Average</td>
<td>71.65</td>
<td>15.26</td>
<td>11.13</td>
<td>6.95%</td>
<td>$0.6</td>
<td>$1.71</td>
<td>13.37%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style>Through a meticulous analysis of Palantir Technologies, we can observe the following trends: 
<ul>
<li>
Notably, the current Price to Earnings ratio for this stock, 213.59, is 2.98x above the industry norm, reflecting a higher valuation relative to the industry.
</li>
<li>
With a Price to Book ratio of 20.08, which is 1.32x the industry average, Palantir Technologies might be considered overvalued in terms of its book value, as it is trading at a higher multiple compared to its industry peers.
</li>
<li>
The stock's relatively high Price to Sales ratio of 34.79, surpassing the industry average by 3.13x, may indicate an aspect of overvaluation in terms of sales performance.
</li>
<li>
With a Return on Equity (ROE) of 3.43% that is 3.52% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
Compared to its industry, the company has lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $110 Million, which is 0.18x below the industry average, potentially indicating lower profitability or financial challenges.
</li>
<li>
The company has lower gross profit of $550 Million, which indicates 0.32x below the industry average. This potentially indicates lower revenue after accounting for production costs.
</li>
<li>
The company is experiencing remarkable revenue growth, with a rate of 27.15%, outperforming the industry average of 13.37%.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726585224_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a measure that indicates the level of debt a company has taken on relative to the value of its assets net of liabilities.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When examining Palantir Technologies in comparison to its top 4 peers with respect to the Debt-to-Equity ratio, the following information becomes apparent:
<ul>
<li>
Palantir Technologies exhibits a stronger financial position compared to its top 4 peers in the sector, as indicated by its lower debt-to-equity ratio of 0.06.
</li>
<li>
This suggests that the company has a more favorable balance between debt and equity, which can be seen as a positive aspect for investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Palantir Technologies, the PE, PB, and PS ratios are all high compared to its peers in the Software industry, indicating potentially overvalued stock. On the other hand, the low ROE, EBITDA, and gross profit suggest lower profitability levels compared to industry peers. However, the high revenue growth rate may indicate potential for future growth and market expansion.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring The Competitive Space: Palantir Technologies Versus Industry Peers In Software

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are trading higher premarket Tuesday. The company inked a multi-year, multi-million-dollar <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40895120/nebraska-medicine-and-palantir-announce-pioneering-partnership-to-use-ai-technology-to-advance-hea" rel="noreferrer noopener">contract with </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40895120/nebraska-medicine-and-palantir-announce-pioneering-partnership-to-use-ai-technology-to-advance-hea" rel="noreferrer noopener">Nebraska Medicine</a>.
As per the deal, Palantir will utilize its Artificial Intelligence Platform (AIP) to enhance healthcare through transformative technologies.
Palantir and Nebraska Medicine began their collaboration in January 2024, with a shared mission to quickly address critical healthcare challenges.
Palantir plans to continue its partnership, aiding Nebraska Medicine by providing AI software for patient flow, nurse allocation, clinical supplies, and revenue cycle optimization.
The partnership will also expand Nebraska&#8217;s Foundry Ontology and explore new opportunities in clinical research and care to improve patient outcomes.
Drew Goldstein, Co-Head of Healthcare at Palantir, stated, &#8220;Their swift commitment to this enterprise partnership highlights our shared focus on rapidly delivering value and driving impactful outcomes to enhance patient care.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/management/24/09/40862198/palantir-ceo-offers-radical-take-on-national-security-touch-an-american-and-well-inflict-pain-on-" rel="noreferrer noopener">Palantir CEO Offers &#8216;Radical&#8217; Take On National Security: &#8216;Touch An American And We&#8217;ll Inflict Pain On You For Generations&#8217;</a>
Michael Ash, Nebraska Medicine president and chief operating officer, said, &#8220;The technology allows our staff to work smarter, and for more of our patients to leave the hospital as soon as they&#8217;re able. Most exciting for us – this is just the beginning of the innovations we&#8217;ll discover together and lead the way for other hospitals.&#8221;
Last month, Palantir disclosed that it was named a leader in artificial intelligence (AI) and <a target="_blank" href="https://www.benzinga.com/news/24/08/40628553/whats-going-on-with-palantir-stock-thursday" rel="noreferrer noopener">machine learning (ML) platforms</a>.
Also, Palantir recently announced a strategic partnership with Sompo <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40527816/whats-going-on-with-palantir-technologies-shares-premarket-friday" rel="noreferrer noopener">to enhance AI-driven solutions</a>.
Investors can gain exposure to the stock via&nbsp;REX AI Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIPI#NASDAQ">AIPI</a>) and Spinnaker ETF Series Tuttle Capital Self Defense Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GUNZ#BATS">GUNZ</a>).
Price Action: PLTR shares are up 2.2% at $37.11 premarket at the last check Tuesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40892076/palantir-key-enabler-of-clients-businesses-says-bullish-analyst-as-ceo-alex-karp-to" target="_blank" rel="noreferrer noopener">Palantir &#8216;Key Enabler&#8217; Of Clients&#8217; Businesses, Says Bullish Analyst, As CEO Alex Karp Touts 10-Fold Growth From Current Levels</a></li>
</ul>

Palantir's AI Powers Nebraska Medicine: Inks Multi-Million Dollar Deal To Advance Patient Care

Palantir will continue to work with Nebraska Medicine by providing AI software to help orchestrate patient flow, nurse allocation, clinical supplies management and revenue cycle optimization at scale, while expanding Nebraska&#39;s Medicine core Foundry Ontology to additional high-priority areas through a single connected platform.&nbsp;

Palantir, Nebraska Medicine Enter New Multi-year, Multi-million-dollar Contract For Artificial Intelligence Platform To Help Improve Healthcare

Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) <a href="https://www.benzinga.com/news/24/09/40837515/whats-going-on-with-palantir-stock-today">held its 5th AIPCon last week, </a>which was live-streamed on Thursday, and a bullish analyst came away from the conference impressed.
The Palantir Analyst: BofA Securities analyst Mariana Perez Mora reiterated a Buy rating and $50 price target for the stock, which suggests an upside potential of about 38%.
The Palantir Thesis: Palantir CEO Alex Karp kicked off the meeting by relaying excitement over Palantir&#8217;s inclusion in the prestigious S&amp;P 500 Index and stating that the event recognizes Palantir as an &#8220;actual serious&#8221; company, Perez Mora said.
Karp also highlighted all the success that has been built on top of &#8220;powerful products, strong values and the very best people and partners,&#8221; the analyst said. The partners are de facto the company&#8217;s clients, the analyst said. The CEO is convinced that Palantir could be 10 times larger than what is currently, she added.
&#8220;We see Palantir as a key enabler of their partners&#8217; acceleration, driving material results to strengthen their business and in turn Palantir,&#8221; Perez Mora said.
See Also:<a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks"> Best AI Stocks</a>
The analyst noted that as has been customary of the previous FoundryCon and AIPCons, real customer use cases were a focal point. Executives from global corporations and organizations such as Geospatial Intelligence Agency, Aramark, Associated Materials, Lear, Trinity Industries, Mount Sinai, Komatsu and Tampa General Hospital demonstrated the capabilities and operational benefits achieved within AIP, she noted.
After the public presentation, other customers such as BP, Anduril, DTN, EllisDon, Department of State, L3Harris, Owens &amp; Minor and Selkirk Spor held demos to prospective customers, she said. The analyst expects AIPCon demos to expand the portfolio to customers, ranging from commercial businesses and hospitals to government customers, as well as use cases.
Delving into the other opportunities, Perez Mora noted that the recently launched &#8220;Warp Speed&#8221; product was pitched as a new tool for the American industrial base to re-industrialize their businesses with a digital marketing operating system. The analyst also said she sees an increasing sense of urgency in the U.S. to ramp up the dry powder of the military-industrial base, particularly in the efforts to deter the pacing threats from China.
Palantir Stock: Palantir ended Monday&#8217;s session up 2.02% at $$36.31, and in the premarket session on Tuesday, the stock edged up about 0.1%, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40871493/worried-about-staggering-tech-valuation-analyst-says-these-stocks-are-poised-to-go-higher-as-fed">Worried About Staggering Tech Valuation? Analyst Says These Stocks Are Poised To Go Higher As Fed Kicks Off &#8216;Rate-Cutting Cycle&#8217; This Week</a></li>
</ul>
Photo by Spyro the Dragon on Shutterstock

Palantir 'Key Enabler' Of Clients' Businesses, Says Bullish Analyst, As CEO Alex Karp Touts 10-Fold Growth From Current Levels

On Monday, Cathie Wood-led Ark Invest made significant trades, with Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) being the most prominent.
The HOOD Trade: Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) fund sold 18,961 shares of Robinhood in a trend that <a href="https://www.benzinga.com/markets/equities/24/09/40846595/cathie-woods-ark-invest-buys-6-9m-worth-of-shares-of-nvidia-rival-amd-sells-palantir-and-robinho">continues from the previous week</a>. This move follows Robinhood&#8217;s <a href="https://www.benzinga.com/news/24/09/40798894/robinhood-reaches-3-9m-settlement-with-california-over-blocking-cryptocurrency-withdrawals">recent agreement</a> to a $3.9 million settlement with California&#8217;s Department of Justice over its past ban on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) cryptocurrency withdrawals. 
Despite this, Robinhood has been transitioning from a meme stock trading platform to a more mature and competitive player against traditional brokerages. Based on Robinhood&#8217;s closing price of $22.21 on the same day, the value of the trade is approximately $421,123. 
The PLTR Trade: Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund sold 4,407 shares of Palantir. The firm had been offloading Palantir shares last week as well. 
This sale after Palantir&#8217;s stock soared by 14.08% following the announcement that the company <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">will join the S&amp;P 500 index</a>. Based on Palantir&#8217;s closing price of $36.31 on the same day, the value of the trade is approximately $160,018. 
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKG fund bought shares of Guardant Health Inc (GH). </li>
<li>Ark Invest&#8217;s ARKG fund sold shares of Veracyte Inc (VCYT). Ark Invest&#8217;s ARKK fund bought shares of Shopify Inc (SHOP). </li>
<li>Ark Invest&#8217;s ARKK fund sold shares of Roku Inc (ROKU). Ark Invest&#8217;s ARKQ fund sold shares of Materialise NV (MTLS).</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40890217/microsoft-announces-60b-share-buyback-program-10-dividend-increase-amid-rising-ai-investment-and">Microsoft Announces $60B Share Buyback Program, 10% Dividend Increase Amid Rising AI Investment And Restructuring</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's Monday Maneuvers: Ark Invest Continues To Offload Robinhood And Palantir Shares

Tech&#8217;s extended bull run has more legs to play out, with a key imminent catalyst potentially giving a<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40828657/top-3-tech-stocks-youll-regret-missing-in-september"> thrust to the stocks belonging to the sector,</a> according to an analyst at Wedbush.
Fed To Kickstart Risk-On Trade: The Federal Reserve will finally begin to cut interest rates in the current monetary policy cycle. The likely cut will come two-and-a-half years after the first rate hike implemented to curb inflationary pressure that reared its ugly head following the stimulatory measures implemented to offset the impact of the COVID-19 pandemic. 
Wedbush&#8217;s Daniel Ives said tech investors now look forward to risk-on trade after some nervousness seen in late July. &#8220;Despite all the noise and white knuckles, overall tech earnings have been generally robust with Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), the latest tech stalwart to give more validation that the AI Revolution is starting to quickly move towards the much-awaited software and use case part of the cycle,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Growth Sweet-spot: The tech supply chain is gearing up for an &#8220;unprecedented&#8221; period of growth, driven by the massive artificial intelligence capex spending over the next few years, Ives said, basing his view on Asia checks.
The AI revolution, which kickstarted with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), now has ramifications for the broader tech sector, the analyst said, calling the technology the fourth industrial revolution. This revolution is happening across semiconductor, software, infrastructure, internet and smartphones and will likely extend over the next 12 to 18 months, he said.
Nvidia and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are core drivers of AI, and now other tech stocks such as Oracle, ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Dell Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Advanced Micro Devices, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NYSE">AMD</a>) are joining the party as well, he said. &#8220;We believe the stage is set for tech stocks to move higher into yearend and 2025 in our opinion as the Fed and Powell kick off its rate-cutting cycle this week, macro soft landing remains the path, and tech spending on AI remains a generational spending cycle just starting to hit the shores of the tech sector,&#8221; Ives said.
Why It&#8217;s Important: The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an exchange-traded fund that tracks the Nasdaq 100 Index, has been on an extended uptrend since the start of 2023. This is despite the hiccup seen since mid-July due to concerns about the lavish capex plans of AI companies.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1024x475.png" alt="" class="wp-image-548793" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1536x713.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111.png 1860w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro data.
The extended run-up introduces caution among investors, given valuations have become stretched. Analysts also see the laggards and leaders switching places when the Fed begins to cut rates, with <a href="https://www.benzinga.com/markets/equities/24/07/39830547/why-cathie-wood-is-betting-on-small-cap-stocks-triumphing-over-magnificent-six-amid-restrictive-">underperforming interest-rate sensitive small-cap stocks seen as the biggest beneficiaries.</a>
Tech bulls such as Ives see the broadening of the rally rather than one gaining at the expense of the other, given the massive potential AI offers.
The QQQ settled Friday&#8217;s session up 0.45% at $475.34, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) gained 0.50% to $220.44 and is up about 15% for the year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40771209/peter-schiff-warns-against-irrational-exuberance-toward-tech-stocks-cryptos-as-econ">Peter Schiff Warns Against Irrational Exuberance Toward Tech Stocks, Cryptos As Economist Cites Intel&#8217;s Fall From Grace</a></li>
</ul>
Photo by Phongphan on Shutterstock

AAPL

DELL

MSFT

Worried About Staggering Tech Valuation? Analyst Says These Stocks Are  Poised To Go Higher As Fed Kicks Off 'Rate-Cutting Cycle' This Week

Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CEO and co-founder Alex Karp didn't hold back when discussing how the company could help military governments in a recent interview ahead of a presentation<a href="https://www.benzinga.com/topic/artificial-intelligence"> on artificial intelligence.</a>
What Happened: Palantir may be one of the most hard-to-explain companies. Yet, it is now part of the<a href="https://www.benzinga.com/markets/equities/24/09/40769921/palantir-stock-soars-in-monday-premarket-whats-driving-the-surge"> S&amp;P 500 Index.</a>
Karp highlighted the company's government segment and what <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 election</a> means for Palantir.
Companies need processes to help translate what data and language models mean. That&#8217;s where Palantir comes in, Karp <a href="https://x.com/SaraEisen/status/1834270110384623823">said</a> on CNBC.
"We figured this out by doing work for the U.S. government," he added. See below.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Alex Karp: "I support: if you touch an American, we will inflict pain on you for generations" he calls out both political parties on this <a href="https://twitter.com/PalantirTech?ref_src=twsrc%5Etfw">@PalantirTech</a> <a href="https://t.co/1Jv9MbKX1d">https://t.co/1Jv9MbKX1d</a>
&mdash; Sara Eisen (@SaraEisen) <a href="https://twitter.com/SaraEisen/status/1834270110384623823?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
If you want to kill your adversary on the battlefield, "you need a way of processing the raw resources," Karp said.
When it comes to government contracts, Karp didn't seem to worry about the 2024 election winner being either Ex-President Donald Trump or Vice President Kamala Harris.
"We embody people who support both Trump and Harris,&#8221; he said, claiming to be an &#8220;unhappy radical Democrat.&#8221; 
Karp also offered his take on what U.S. policy should be when it comes to retaliation for attacks on American troops.
"If you touch an American, we will inflict pain on you for generations,&#8221; he said.
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40795608/palantirs-s-p-500-journey-rebel-tech-giant-transforms-into-frankenstein-monster-powere">Palantir&#8217;s S&amp;P 500 Journey: Rebel Tech Giant Transforms Into &#8216;Frankenstein Monster Powered By Freak Show Leader&#8217;</a>
What's Next: Karp said the S&amp;P 500 inclusion comes after years of complaints against the company. However, he stopped short of celebrating the moment.
"Our job is to show and not tell," Karp said.
Palantir could be worth 10 times more in the future than what it is today, he added.
PLTR Price Action: Palantir stock was up 2% to $35.59 on Friday. The stock hit a new 52-week high of $36.01 in Friday's trading session. Palantir stock is up over 110% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40172453/palantir-q2-earnings-revenue-beat-eps-beat-customer-count-up-41-driven-by-strength-in-us-commercial">Palantir Q2 Earnings: Revenue Beat, EPS Beat, Customer Count Up 41% Driven By Strength In US Commercial</a></li>
</ul>
Image: Flickr

Management

Palantir CEO Offers 'Radical' Take On National Security: 'Touch An American And We'll Inflict Pain On You For Generations'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$118.00</td>
<td>$58.0K</td>
<td>56.8K</td>
<td>71.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$430.00</td>
<td>$30.5K</td>
<td>15.1K</td>
<td>8.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$140.00</td>
<td>$40.8K</td>
<td>3.4K</td>
<td>5.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$36.50</td>
<td>$149.9K</td>
<td>2.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$170.00</td>
<td>$26.1K</td>
<td>11.6K</td>
<td>4.5K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$160.00</td>
<td>$95.0K</td>
<td>8.0K</td>
<td>3.0K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$165.00</td>
<td>$114.5K</td>
<td>1.8K</td>
<td>1.1K</td>
</tr>
<tr>
<td>DV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$82.7K</td>
<td>109</td>
<td>674</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$120.00</td>
<td>$32.7K</td>
<td>1.3K</td>
<td>515</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$93.00</td>
<td>$143.8K</td>
<td>515</td>
<td>455</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 400 contract(s) at a $118.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $58.0K, with a price of $145.0 per contract. There were 56825 open contracts at this strike prior to today, and today 71622 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on September 20, 2024. This event was a transfer of 50 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $611.0 per contract. There were 15170 open contracts at this strike prior to today, and today 8389 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on September 20, 2024. This event was a transfer of 67 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $610.0 per contract. There were 3447 open contracts at this strike prior to today, and today 5492 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on September 20, 2024. This event was a transfer of 3488 contract(s) at a $36.50 strike. The total cost received by the writing party (or parties) was $149.9K, with a price of $43.0 per contract. There were 2401 open contracts at this strike prior to today, and today 5309 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on September 20, 2024. Parties traded 100 contract(s) at a $170.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $261.0 per contract. There were 11683 open contracts at this strike prior to today, and today 4561 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $95.0K, with a price of $475.0 per contract. There were 8095 open contracts at this strike prior to today, and today 3037 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on September 27, 2024. This event was a transfer of 100 contract(s) at a $165.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $114.5K, with a price of $1145.0 per contract. There were 1872 open contracts at this strike prior to today, and today 1163 contract(s) were bought and sold. 
• Regarding DV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>), we observe a call option sweep with bullish sentiment. It expires in 490 day(s) on January 16, 2026. Parties traded 662 contract(s) at a $30.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $82.7K, with a price of $125.0 per contract. There were 109 open contracts at this strike prior to today, and today 674 contract(s) were bought and sold. 
• For APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we notice a call option sweep that happens to be bullish, expiring in 126 day(s) on January 17, 2025. This event was a transfer of 30 contract(s) at a $120.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $1090.0 per contract. There were 1382 open contracts at this strike prior to today, and today 515 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on September 27, 2024. Parties traded 310 contract(s) at a $93.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $143.8K, with a price of $465.0 per contract. There were 515 open contracts at this strike prior to today, and today 455 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

On Thursday, Cathie Wood&#8217;s Ark Invest made some significant trades, with Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) being the most prominent.
The AMD Trade: Ark Invest&#8217;s ARKK fund bought 45,541 shares of AMD through its flagship ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). The move comes after Oracle Corp&#8217;s executive confirmed AMD&#8217;s <a href="https://www.benzinga.com/news/24/09/40820316/amd-gains-ground-in-ai-chip-market-oracle-exec-confirms-growing-demand-report">growing traction</a> in the data center chip market for artificial intelligence. AMD is also <a href="https://www.benzinga.com/news/24/09/40776199/amd-vs-nvidia-amds-surprising-strategy-shift-in-gaming-gpu-battle">shifting its focus to the gaming GPU market</a>, aiming to capture 40%-50% of the total addressable market by focusing on mainstream and mid-range GPUs. Based on AMD&#8217;s closing price of $150.77 on the same day, the value of the trade is approximately $6.9 million.
The HOOD Trade: Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) fund sold 19,518 shares of Robinhood worth $422,369. This comes after Robinhood agreed to a <a href="https://www.benzinga.com/news/24/09/40798894/robinhood-reaches-3-9m-settlement-with-california-over-blocking-cryptocurrency-withdrawals">$3.9 million settlement</a> with California's Department of Justice over its past ban on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) cryptocurrency withdrawals. Despite the settlement, Robinhood has been transitioning from a meme stock trading platform to a more mature and competitive player against traditional brokerages. Based on HOOD&#8217;s closing price of $21.64 on the same day, the value of the trade is approximately $422,000.
The PLTR Trade: Ark Invest&#8217;s ARKK fund sold 4,861 shares of <a href="https://www.benzinga.com/markets/equities/24/09/40825098/cathie-woods-ark-invest-continues-to-sell-palantir-offloads-6-4m-worth-of-shares-loads-up-on-coi">Palantir</a>. The transaction was made through ARKK. This move is part of Ark&#8217;s <a href="https://www.benzinga.com/markets/equities/24/09/40825098/cathie-woods-ark-invest-continues-to-sell-palantir-offloads-6-4m-worth-of-shares-loads-up-on-coi">recent trend</a> of selling Palantir shares. Based on PLTR&#8217;s closing price of $34.91 on the same day, the value of the trade is approximately $170,000.
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40811837/how-to-earn-500-a-month-from-nvidia-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock</a> 
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKG fund bought shares of Personalis. Ark Invest&#8217;s ARKG fund bought shares of Guardant Health Inc.</li>
<li>Ark Invest&#8217;s ARKK fund bought shares of Draftkings Inc. Ark Invest&#8217;s ARKW fund bought shares of Rubrik Inc (RBRK).</li>
<li>Ark Invest&#8217;s ARKX fund bought shares of Blade Air Mobility Inc (BLDE).</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/24/09/40808813/after-kamala-harris-said-us-steel-should-remain-american-owned-nippon-steels-takahiro-mori-reportedl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Kamala Harris Said US Steel Should Remain &#8216;American-Owned,&#8217; Nippon Steel&#8217;s Takahiro Mori Reportedly Flies To US For Final Attempt At Saving $15B Deal</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's Ark Invest Buys $6.9M Worth Of Shares Of Nvidia Rival AMD, Sells Palantir And Robinhood Stock

Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are trading mostly flat as the company prepares to host its fifth <a href="https://www.benzinga.com/pressreleases/24/09/b40821594/palantir-reveals-new-wave-of-customers-in-action-at-aipcon">AIPCon on Thursday</a>. 
The Details:
Palantir describes its AIPCon events as conferences where customers participating in Palantir AIP Bootcamps showcase their work in Palantir's Artificial Intelligence Platform (AIP). The company said more than 100 organizations will be at the latest AIPCon, including The National Geospatial-Intelligence Agency, Aramark, Bp, Associated Materials and more. AIPCon will be available via <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2Flive%2Fn0fHTATIjSc&amp;esheet=54120847&amp;newsitemid=20240911139840&amp;lan=en-US&amp;anchor=live+stream&amp;index=2&amp;md5=d6b2307e857d9c982759e0ee91b790ef">live stream</a> on Thursday, beginning at 12:40 p.m. ET. 
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru">Nvidia CEO Jensen Huang Admits &#8216;It&#8217;s Tense&#8217; As Surging Demand For Blackwell Chips Sparks Customer Frustration</a>
Palantir shares <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">have climbed</a> more than 15% this week after it was announced last Friday that the company will be included in the S&amp;P 500 index beginning on Sept. 23.&nbsp;
B of A Securities analyst Mariana Perez maintained a Buy rating on the stock Buy and raised the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40797506/palantirs-s-p-500-inclusion-a-watershed-moment-says-bank-of-america-anticipates-mor">price target</a> from $30 to $50 on Tuesday.
"We think that becoming a member of the S&amp;P 500 could be highly beneficial to PLTR's stock volatility. We think that the inclusion would attract more institutional investors, both passive and active," wrote Perez.&nbsp;
<h3 class="wp-block-heading">PLTR Stock Prediction 2024:</h3>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Palantir Technologies, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Palantir Technologies, the 200-day moving average sits at $23.38, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $34.94. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
PLTR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Palantir Technologies shares are up 0.24% at $34.92 at the time of publication Thursday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40818948/whats-going-on-with-first-solar-stock">What&#8217;s Going On With First Solar Stock?</a></li>
</ul>
Image: Shutterstock

What's Going On With Palantir Stock Today?

Events

Live On CNBC, Palantir CEO Alex Karp Discuss Palantir's AI Platform Conference, Commercializing AI

PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)<a href="https://www.benzinga.com/news/24/09/40781082/whats-going-on-with-paypal-stock"> is a buy</a>, according to CNBC's Jim Cramer. 
On Monday, PayPal disclosed an expansion of its strategic partnership with Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) in the U.S. 
Per the deal, PayPal will become an additional credit and debit card processor for Shopify Payments through its PayPal Complete Payments solution, providing flexible and advanced developer tools for marketplaces and platforms.
Cramer, on the latest &#8220;Mad Money Lightning Round,&#8221; said Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has &#8220;got the money to be able to make it. That doesn't mean that the stock is a buy, it does mean they're going to make it. So, I would say you've got to let it percolate. But it's not anytime soon.&#8221;
The recent $5 billion deal between Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and U.S. electric vehicle start-up Rivian Automotive has reportedly stirred up discontent among employees at the German automaker's software division Cariad.
&#8220;I think you're fine,&#8221; Cramer said when asked about The Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>). &#8220;Let's say it's a baby growth story.&#8221;
On Aug. 29, Bank of America Securities analyst Julien Dumoulin-Smith maintained Southern with a Neutral and raised the price target from $86 to $87.
The Mad Money host said he is concerned about CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>). &#8220;Let's just keep it on ice for the moment,&#8221; he added.
On Sept. 10, Cantor Fitzgerald analyst Sarah James reiterated CVS Health with a Neutral and maintained a $62 price target.
The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) is &#8220;good,&#8221; Cramer said.
On Aug. 13, HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion. Adjusted EPS was $4.67 (-0.2% year over year), beating the consensus of $4.50.
Cramer said he doesn't have anything to say about Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), adding that it is a &#8220;cold stock.&#8221;
On Sept. 6, S&amp;P Dow Jones Indices announced that Palantir Technologies will be added to the S&amp;P 500 Index, effective prior to the start of trading on Sept. 23.
Cramer said he is a buyer of Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>).
On Aug. 9, Energy Transfer announced a secondary public offering of 38,755,996 of its common units.
Price Action:
<ul>
<li>PayPal shares rose 0.7% to settle at $69.35 on Wednesday.</li>
<li>Rivian shares rose 5.3% to close at $13.93 during Wednesday's session.</li>
<li>Palantir shares gained 0.3% to settle at $34.85.</li>
<li>Energy Transfer shares rose 0.3% to close at $15.87.</li>
<li>Southern shares fell 1% to close at $88.77 during Wednesday's session.</li>
<li>CVS fell 1.5% to settle at $56.11 during the session.</li>
<li>Home Depot shares fell 0.1% to close at $370.49 on Wednesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>
Image: Shutterstock

Media

PYPL

RIVN

SHOP

VWAGY

PayPal Is A Buy, Jim Cramer Says: As For Rivian? 'Let It Percolate'

On Wednesday, the Cathie Wood-led Ark Invest made some significant trades, with Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) being the most prominent.
The Coinbase Trade: Ark Invest purchased a total of 53,708 shares of Coinbase through its Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), and ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). Based on the closing price of COIN at $157.15 on the same day, the value of the trade is approximately $8.4 million. This move comes after <a href="https://www.benzinga.com/content/40758976/coinbase-achieves-partial-win-in-court-battle-against-sec-for-crucial-discovery">Coinbase&#8217;s partial victory</a> against the U.S. Securities and Exchange Commission (SEC), potentially gaining access to critical documents regarding the agency's classification of tokens as securities.
On Wednesday, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) initially <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40824806/bitcoin-ethereum-dogecoin-move-sideways-as-inflation-data-dampens-aggressive-rate-cuts-hop">dropped below $56,000</a> after higher-than-expected inflation data, which reduced hopes for a 50-basis-point rate cut at the upcoming FOMC meeting. However, it quickly rebounded, nearing $58,000 by market close. Despite the recovery, Bitcoin remained down 0.47% for the week and 1.89% since the start of September.
The PLTR Trade: Ark Invest sold a total of 184,051 shares of Palantir through its ARKK ETF, representing 0.1179% of the ETF. Based on the closing price of PLTR at $34.85 on the same day, the value of the trade is approximately $6.4 million. This decision to sell comes despite <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40797506/palantirs-s-p-500-inclusion-a-watershed-moment-says-bank-of-america-anticipates-mor">Palantir&#8217;s recent inclusion</a> in the S&amp;P 500 index, which according to Bank of America, is a &#8220;watershed moment&#8221; that could attract more institutional investors.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40790796/tesla-stock-races-higher-in-premarket-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Stock Races Higher In Premarket: What&#8217;s Going On?</a> 
Other Key Trades:
<ul>
<li>Ark Invest bought shares of Personalis Inc (PSNL) through its ARKG ETF. </li>
<li>Ark Invest sold shares of Vertex Pharmaceuticals Inc (VRTX) through its ARKG ETF.</li>
<li>Ark Invest bought shares of Guardant Health Inc (GH) through its ARKG ETF. Ark Invest sold shares of Exact Sciences Corp (EXAS) through its ARKG ETF.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40811837/how-to-earn-500-a-month-from-nvidia-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ARKW

COIN

Cathie Wood's Ark Invest Continues To Sell Palantir — Offloads $6.4M Worth Of Shares, Loads Up On Coinbase Stock Amid Bitcoin Rebound

Investors with a lot of money to spend have taken a bullish stance on Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PLTR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Palantir Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $34,890, and 9, calls, for a total amount of $726,870.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $36.0 for Palantir Technologies over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Palantir Technologies's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palantir Technologies's whale activity within a strike price range from $20.0 to $36.0 in the last 30 days. 
<h3>Palantir Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726063407_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.7</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$35.00</td>
<td>$190.3K</td>
<td>35.6K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$13.75</td>
<td>$13.7</td>
<td>$13.75</td>
<td>$22.00</td>
<td>$137.5K</td>
<td>895</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.05</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$35.00</td>
<td>$75.6K</td>
<td>22.1K</td>
<td style="text-align: right;">222</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$1.24</td>
<td>$1.23</td>
<td>$1.24</td>
<td>$33.00</td>
<td>$71.6K</td>
<td>10.6K</td>
<td style="text-align: right;">391</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$35.00</td>
<td>$60.0K</td>
<td>8.8K</td>
<td style="text-align: right;">611</td>
</tr>
</tbody>
</table>

<h3>About Palantir Technologies</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
Following our analysis of the options activities associated with Palantir Technologies, we pivot to a closer look at the company's own performance.
<h3>Palantir Technologies's Current Market Status</h3>
<ul>
<li>Trading volume stands at 10,997,211, with PLTR's price down by -2.25%, positioned at $33.98.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 50 days.</li>
</ul>
<h3>Expert Opinions on Palantir Technologies</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $41.0.
<ul>
<li>In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $38. </li>
<li>An analyst from B of A Securities persists with their Buy rating on Palantir Technologies, maintaining a target price of $50. </li>
<li>In a cautious move, an analyst from Northland Capital Markets downgraded its rating to Market Perform, setting a price target of $35. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Palantir Technologies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Palantir Technologies Unusual Options Activity

On Tuesday, Cathie Wood-led Ark Invest made significant trades, with Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) being the most prominent.
The AMD Trade
Ark Invest purchased 47,717 shares of AMD. The trade was made by the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund and represents 0.1251% of the ETF. Based on the closing price of AMD at $142.84 on the same day, the value of the trade is approximately $6.8 million.
The purchase comes in the wake of AMD&#8217;s announcement of its upcoming &#8220;Advancing AI 2024&#8221; event, scheduled for October 10, 2024. The event will showcase the <a href="https://www.benzinga.com/news/24/09/40800988/whats-going-on-with-amd-stock-today">next-generation AMD Instinct accelerators</a> and 5th Gen AMD EPYC server processors, as well as the company&#8217;s Networking and AI PC updates. The company&#8217;s growing AI solutions ecosystem will also be highlighted.
AMD is shifting its strategy to <a href="https://www.benzinga.com/news/24/09/40776199/amd-vs-nvidia-amds-surprising-strategy-shift-in-gaming-gpu-battle">focus on mainstream and mid-range gaming GPUs</a> to capture 40%-50% of the market, rather than competing directly with Nvidia's high-end offerings. Despite Nvidia holding 88% of the discrete GPU market, AMD has made moves like hiring key Nvidia talent and planning a $4.9 billion acquisition of AI server company ZT Systems to build scale. Both AMD and Nvidia stocks have faced recent selloffs despite strong performance.
The PLTR Trade
Ark Invest sold 124,626 shares of Palantir. The trade was made by the ARKK fund and represents 0.0812% of the ETF. Based on the closing price of PLTR at $34.76 on the same day, the value of the trade is approximately $4.3 million.
The sale comes after Palantir&#8217;s stock soared by 14.08% following the announcement that the <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">stock will join the S&amp;P 500 index</a>.
Palantir shares surged over 12% since Friday, driven by the company's inclusion in the S&amp;P 500 and a new enterprise agreement with BP to enhance AI capabilities. CEO Alex Karp celebrated the S&amp;P 500 milestone, and analysts like Dan Ives and Mariana Perez see it as a <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">validation for Palantir's future profitability</a>. However, price predictions for Palantir vary widely, with a 1-year average target of $27.79, reflecting potential downside, while top estimates go as high as $50.
Other Key Trades: 
<ul>
<li>Ark Invest sold shares of Unity Software Inc (U) from the ARKK fund. Ark Invest bought shares of Draftkings Inc (DKNG) for the ARKK fund.</li>
<li>Ark Invest bought shares of Rubrik Inc (RBRK) for the ARKW fund. Ark Invest sold shares of Vuzix Corp (VUZI) from the ARKW fund.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40790796/tesla-stock-races-higher-in-premarket-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Stock Races Higher In Premarket: What&#8217;s Going On?</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's Ark Invest Sells $4.3M In Palantir Shares Amid S&P 500 Buzz, Buys $6.8M Of AMD Stock

Fund manager Matthew Tuttle made waves in the ETF space for his unique funds that offer ways for investors to get leveraged exposure or <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36500461/exclusive-the-man-who-shorts-cathie-wood-and-jim-cramer-filed-for-new-bitcoin-etfs-why-lev">bet against well-known financial figures</a> like Jim Cramer and Cathie Wood.
Tuttle is back with a new fund that gives investors a way to invest in companies that are not meeting ESG (environmental, social, and governance) requirements.
What Happened: Tuttle Capital Management launched the ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>), a new ETF that gives investors<a href="https://www.benzinga.com/markets/esg/23/09/34288808/want-to-bet-against-woke-companies-theres-an-etf-for-that"> a way to invest </a>in companies that "focus on profits, not politics or trendy activisms of the moment."
"ESGX allows investors to choose a portfolio of companies that follow the comment sense notion that companies that focus on profits are better for investors than companies that don't," a press release for the fund reads.
The ETF follows the AJN Shareholders First Index, which tracks a portfolio of U.S. companies that meet the requirement of focusing on profits and ignoring politics and "trendy activisms of the moment."
"Too many companies today put ESG and DEI politics first and their shareholders' profits last," Tuttle Capital CEO Matthew Tuttle said. "ESG has become a way for liberal executives and large investors to enact social changes that they can't pass at the ballot box."
Tuttle said CEOs can be pressured to "cave to the trendy politics of the moment," and often times this is not in the best interest of shareholders.
"That's why we launched ESGX – to put shareholders and profits first."
Tuttle added that investors had limited options of ways to invest in companies that put profits ahead of politics before the ETF launched.
As of Sept. 9, the following were the top <a href="http://ShareholdersFirstETF.com">holdings </a>in the ESGX ETF:
<ul>
<li>MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>): 2.3% of assets</li>
<li>Evergy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>): 2.2% of assets</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>): 2.1% of assets</li>
<li>MDU Resources Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>): 2.1% of assets</li>
<li>RLI Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>): 2.1% of assets</li>
</ul>
The ETF launch comes after companies like Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>), Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and others have been <a href="https://www.benzinga.com/news/23/06/33083401/mark-cuban-vs-chamath-palihapitiya-billionaires-battle-over-go-woke-go-broke-mantra">accused by consumers</a> and investors of focusing too heavily on ESG and DEI policies and "going woke" instead of worrying about financial growth and returns for shareholders.
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39299113/nancy-pelosi-among-best-of-the-best-in-stock-trading-new-congress-trading-etf-coming-from-cre">Nancy Pelosi Among &#8216;Best Of The Best&#8217; In Stock Trading: New Congress Trading ETF Coming From Creator Of Anti-Cathie Wood, Jim Cramer Funds</a>
Self Defense ETF Also Launches: Tuttle Capital also launched the Spinnaker ETF Series Tuttle Capital Self Defense Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GUNZ#BATS">GUNZ</a>) Tuesday.
The fund invests in companies that are engaged in self-defense, with a belief that the United States is becoming less safe.
The ETF invests in companies that manufacture, service, supply and distribute personal and law enforcement defense equipment and protection services. The fund tracks the AJN Self Defense U.S. Equity Index.
"Americans feel less safe and feel there is more crime in the country now than last year. Many Americans are taking self defense into their own hands," Tuttle said.
Tuttle added that shares of gun manufacturers have also risen after the assassination attempt on former President Donald Trump.
"Gun sales have rebounded after nearly three years of continuous decline and firearms manufacturers world wide have seen their stock surge after the terrorist attack on Israel and the Trump assassination attempt."
As of Sept. 9, the following were the top <a href="https://www.gunzetf.com/">holdings </a>in the GUNZ ETF:
<ul>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): 8.9% of assets</li>
<li>Johnson Controls (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>): 6.9% of assets</li>
<li>AXON Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>): 6.9% of assets</li>
<li>Allegion PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>): 6.4% of assets</li>
<li>OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>): 6.4% of assets</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/m-a/24/03/37943780/exclusive-trump-media-company-goes-public-financial-experts-say-djt-a-meme-stock-this-is-going-to-be">EXCLUSIVE: Trump Media Company Goes Public, Financial Experts Say DJT A &#8216;Meme Stock&#8217; — &#8216;This Is Going To Be A Way To Bet On Or Against Trump&#8217;</a></li>
</ul>

Specialty ETFs

ALLE

AXON

ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF

ESGX

EVRG

JBHT

MKTX

OSIS

PLNT

Fund Manager Who Bet Against Jim Cramer And Cathie Wood Has New Anti-Woke ETF: 'Puts Profits Ahead Of Politics, DEI & ESG'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$105.00</td>
<td>$30.9K</td>
<td>22.8K</td>
<td>69.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$34.50</td>
<td>$246.4K</td>
<td>2.3K</td>
<td>6.0K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$90.00</td>
<td>$161.7K</td>
<td>7.4K</td>
<td>4.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$140.00</td>
<td>$49.8K</td>
<td>2.6K</td>
<td>1.9K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$405.00</td>
<td>$27.7K</td>
<td>252</td>
<td>1.5K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$133.00</td>
<td>$83.9K</td>
<td>1.9K</td>
<td>823</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$16.00</td>
<td>$29.0K</td>
<td>3.6K</td>
<td>782</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$155.00</td>
<td>$30.9K</td>
<td>8.0K</td>
<td>462</td>
</tr>
<tr>
<td>COMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$55.0K</td>
<td>5.3K</td>
<td>422</td>
</tr>
<tr>
<td>FIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$25.00</td>
<td>$33.1K</td>
<td>61</td>
<td>323</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option trade with bearish sentiment. It expires in 3 day(s) on September 13, 2024. Parties traded 180 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $172.0 per contract. There were 22876 open contracts at this strike prior to today, and today 69420 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on September 20, 2024. This event was a transfer of 2143 contract(s) at a $34.50 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $246.4K, with a price of $115.0 per contract. There were 2336 open contracts at this strike prior to today, and today 6050 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on September 20, 2024. Parties traded 1100 contract(s) at a $90.00 strike. This particular call needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $161.7K, with a price of $147.0 per contract. There were 7479 open contracts at this strike prior to today, and today 4032 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on September 13, 2024. This event was a transfer of 208 contract(s) at a $140.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $49.8K, with a price of $238.0 per contract. There were 2682 open contracts at this strike prior to today, and today 1971 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on September 13, 2024. Parties traded 22 contract(s) at a $405.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $1260.0 per contract. There were 252 open contracts at this strike prior to today, and today 1583 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on September 13, 2024. This event was a transfer of 575 contract(s) at a $133.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $83.9K, with a price of $143.0 per contract. There were 1994 open contracts at this strike prior to today, and today 823 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bullish sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 3607 open contracts at this strike prior to today, and today 782 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a put option sweep with bullish sentiment. It expires in 10 day(s) on September 20, 2024. Parties traded 125 contract(s) at a $155.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.9K, with a price of $248.0 per contract. There were 8066 open contracts at this strike prior to today, and today 462 contract(s) were bought and sold. 
• Regarding COMM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>), we observe a call option sweep with bearish sentiment. It expires in 129 day(s) on January 17, 2025. Parties traded 500 contract(s) at a $5.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $110.0 per contract. There were 5365 open contracts at this strike prior to today, and today 422 contract(s) were bought and sold. 
• Regarding FIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), we observe a put option sweep with bearish sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 316 contract(s) at a $25.00 strike. This particular put needed to be split into 74 different trades to become filled. The total cost received by the writing party (or parties) was $33.1K, with a price of $105.0 per contract. There were 61 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COMM

FIVN

10 Information Technology Stocks With Whale Alerts In Today's Session

Nebraska Medicine and Palantir enter partnership to use AI technology

Palantir, Sempra added to BofA's US 1 list; S&P Global removed

Palantir: 200 Times Earnings Is Too Much!

4 stocks to watch on Tuesday: PLTR, MSFT and more

Wedbush spotlights DELL, NVDA, MSFT, and others as rate cuts should support the AI trend

FXL: Technology Sector Dashboard For September

Several growth companies have been under pressure due to the impact of macro headwinds, including steep borrowing costs and high inflation. The Fed...

TSLA, AMD, or PLTR: Which Growth Stock Is the Best Pick?

The stellar performance of Palantir (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) over the past year has placed the stock in good company. Starting next Monday, PLTR will be include...

'Now's the Time to Exit,' Says Investor About Palantir Stock

IBKR's 25 most actively traded stocks ranked by SA's Quant Metrics

Palantir bags $100M U.S. Army contract

AGIX

AMZN

ASTS

BOTZ

CHAT

CNXC

CTSH

DADA

DTEC

GDDY

GOOGL

IDCC

NVDL

NXPI

ROBT

RSPT

SOXL

SOXS

SPGI

SQQQ

THNQ

TNON

TOST

TQQQ

TRMB

TSLA

YELP

Press Releases

Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility Industry

Legal

LifeWallet Announces a New Pharmaceutical Antitrust Settlement Totaling $3.1 Million

Sompo Enhances Digital Transformation with Palantir's AI Solutions

Palantir Named a Leader in AI/ML Platforms

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

LifeWallet Launches Initiative to Secure New Agreements with Health Plans, Providers, Insurers and Attorneys, Continues Cost Cutting Efforts, and Announces it Secured a Waiver of Acceleration Based on a Negative Going Concern from its Largest Creditor

Palantir and bp Agree to 5-Year Strategic Relationship With New AI Capabilities

Palantir Reveals New Wave of Customers in Action at AIPCon

How Artificial Intelligence (AI) In Cybersecurity is Generating a Billion Dollar Revenue Opportunity for Tech Industry

Nebraska Medicine and Palantir Announce Pioneering Partnership to Use AI Technology to Advance Healthcare

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Palantir Technologies

Palantir Technologies (PLTR) Forecast

Palantir Technologies (NYSE:PLTR) Stock, Quote.Headers.trade-ideas