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Palantir Technologies - Government Trades

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.

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PLTR

In a December meeting that will be remembered for its seismic impact on markets, the Federal Reserve delivered a widely anticipated 25-basis-point interest rate cut Wednesday, bringing the target range to 4.25%-4.5%.

Fed Cuts Interest Rates, But Powell Spoils Santa Claus Rally; Dollar Surges To Over 2-Year High, Bitcoin Sinks Below $100,000: This Week In The Market

Kaufbeuren,,Germany,-,April,27,,2021:,Palantir,Company,Logo,On

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Tech

Trading Ideas

Palantir&#39;s contract extension with the U.S. Army and inclusion in Nasdaq 100 has caused its stock to soar. Its AI and data solutions are proving invaluable for military operations.

Palantir Defies Gravity: Army Deal, Nasdaq 100 Spotlight Fuel Rally

Palantir- The Next Oracle?

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Despite this, he noted that the stock&#39;s valuation, at 49 times revenue and 124 times free cash flow based on 2025 estimates, remains a hurdle.

PLTR Stock, Up Over 80% In The Past Two Months, Trades Nearly 5% Lower In Friday Premarket After UBS Says &#39;Valuation…Is Simply Tough To Get Over&#39;

NVDA

Palantir Technologies Inc. (NASDAQ:PLTR)stock is flat in the four days after the company was named to be part of the NASDAQ 100 starting on December 23, 2024. But that&#39;s because of a pullback of over 5%, which correlates

Palantir&#39;s Momentum Persists Despite Market Worries

Elon Musk's $690 Stock Price Optimism Aside, Cathie Wood's Ark Dumps $9 Million Worth Of Tesla Shares

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Cathie Wood, the founder of Ark Investment Management LLC, predicts a surge in mergers and acquisitions after President-elect Donald Trump defeats Vice President Kamala Harris in the 2024 election.

Cathie Wood Says Bitcoin Is &#39;More Scarce Than Gold&#39; — Predicts M&amp;A Surge Under Trump 2.0

Cathie Wood's Monday Moves: $4.8M Spotify Stock Sale Meets $4.7M Pinterest Shopping Spree

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On Thursday, Dec. 19, 2024 Cathie Wood-led Ark Invest sold shares of Tesla and Palantir, both of which have run up considerably for the month.

Cathie Wood&#39;s Thursday Moves: Dumps Buzzing Stocks Tesla And Palantir

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Mysterious drone sightings have been reported across New Jersey and other northeastern states since mid-November 2024, causing concern among residents and prompting investigations by authorities. 

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Palantir extends partnership with U.S. Army, valued at $400.7M over 4 years. Aims to integrate data &amp; AI capabilities across entire Army.

Palantir Strengthens Army Partnership, Adds AI And Data Enhancements In $618.9 Million Contract

The Palantir Trade

Palantir Technologies co-founder Joe Lonsdale disclosed that the data analytics company nearly collapsed in its early years before CEO Alex Karp secured crucial contracts with federal agencies.

Joe Lonsdale Reveals Palantir&#39;s &#39;Close To Dying&#39; Moment, Credits Alex Karp For Securing Key Contracts With FBI And CIA

Palantir Technologies Inc. - Class A Common Stock

Palantir Technologies Inc

In a December meeting that will be remembered for its seismic impact on markets, the Federal Reserve delivered a widely anticipated 25-basis-point interest rate cut Wednesday, bringing the target <a href="https://www.benzinga.com/news/econ-s/24/12/42561549/fed-slashes-interest-rates-by-0-25-as-predicted-december-dot-plot-flags-only-2-potential-cuts-in-2025">range to 4.25%-4.5%.</a>
Yet, it wasn't the rate cut itself that shocked Wall Street: it was the Fed&#8217;s revised economic forecasts and Chair Jerome Powell's stance that crushed expectations for deeper rate cuts in 2025.
In its December economic forecasts, the Fed raised inflation projections for 2025, signaling that only two rate cuts might be on the table for the year. This marked a dramatic shift from the expectations that had fueled investor optimism in recent weeks.
Powell cemented this hawkish tone during the press conference, stating that after a 100-basis-point reduction in 2024, the Fed would enter a <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42563299/feds-powell-shocks-markets-its-a-new-phase-were-significantly-closer-to-neutral">&#8220;new phase&#8221; of monetary policy</a>. With rates nearing neutral levels, Powell emphasized the importance of a cautious approach, erasing any lingering hopes for aggressive easing.
In true Grinch fashion, Powell's message drained investor hopes for a Santa Claus Rally, a seasonal market trend that sees equities showing strong gains in the second half of December.
The S&amp;P 500 — as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — tumbled 3%, recording its worst single-day drop since September 2022, while the U.S. Dollar Index surged to a two-year high as <a href="https://www.benzinga.com/news/econ-s/24/12/42564807/powell-triggers-market-carnage-vix-spikes-58-stocks-plummet-dollar-hits-2-year-highs-bitcoin-nosedives">investors recalibrated their expectations</a>.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) demonstrated significant sensitivity to macroeconomic developments, dropping below $100,000 after reaching a record high of $108,388 one day prior to the Federal Reserve meeting.
Friday brought a brief reprieve as the Fed's preferred inflation gauge for November came <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42619788/market-volatility-halts-on-soft-inflation-data-yet-traders-remain-wary-of-fighting-the-fed-10-etfs-moving-friday">in lower than expected.</a> Yet the Fed's sting has left lingering wounds that only sustained progress in disinflation can heal.
The focus now shifts to 2025. Investors are bracing for the fiscal policies of the incoming Trump administration, the potential for a government shutdown and the broader implications of Fed monetary policy.
<h1 class="wp-block-heading">ChargePoint-GM Collaboration</h1>
ChargePoint Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) partnered to deploy ultra-fast EV charging ports at key locations across the U.S. This strategic move aims to enhance electric vehicle infrastructure and accelerate <a href="https://www.benzinga.com/24/12/42553394/chargepoint-inks-pact-with-general-motors-eyes-installing-ultra-fast-charging-ports-at-key-locations">EV adoption nationwide</a>.
<h1 class="wp-block-heading">Palantir Defies Gravity</h1>
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)&#8217;s stock surged Friday after securing a key U.S. Army deal and joining the Nasdaq-100 index. The stock's year-to-date <a href="https://www.benzinga.com/trading-ideas/technicals/24/12/42620067/palantir-defies-gravity-army-deal-nasdaq-100-spotlight-fuel-rally">gains now top 340%.</a>
Read Now: 
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</ul>
Photo: Shutterstock

Price Target

CORRECTION: Benchmark Did Not Issue A Rating On Palantir Technologies Today

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>12/20/24</td>
<td>$135.00</td>
<td>$39.0K</td>
<td>126.0K</td>
<td>193.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$252.50</td>
<td>$26.8K</td>
<td>51.3K</td>
<td>64.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$75.00</td>
<td>$276.2K</td>
<td>26.3K</td>
<td>35.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$130.00</td>
<td>$27.9K</td>
<td>25.3K</td>
<td>5.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$430.00</td>
<td>$65.7K</td>
<td>377</td>
<td>5.1K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$290.00</td>
<td>$43.4K</td>
<td>2.0K</td>
<td>2.5K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$25.4K</td>
<td>14.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$365.00</td>
<td>$332.5K</td>
<td>563</td>
<td>836</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$150.00</td>
<td>$34.9K</td>
<td>212</td>
<td>616</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$105.00</td>
<td>$807.0K</td>
<td>1.5K</td>
<td>601</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 674 contract(s) at a $135.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $58.0 per contract. There were 126041 open contracts at this strike prior to today, and today 193782 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 200 contract(s) at a $252.50 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 $26.8K, with a price of $134.0 per contract. There were 51345 open contracts at this strike prior to today, and today 64253 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be neutral, is expiring today. Parties traded 850 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $276.2K, with a price of $325.0 per contract. There were 26362 open contracts at this strike prior to today, and today 35154 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 bullish, expiring in 28 day(s) on January 17, 2025. This event was a transfer of 99 contract(s) at a $130.00 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 $27.9K, with a price of $282.0 per contract. There were 25310 open contracts at this strike prior to today, and today 5644 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 put option trade that happens to be bullish, expiring in 238 day(s) on August 15, 2025. This event was a transfer of 27 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $65.7K, with a price of $2435.0 per contract. There were 377 open contracts at this strike prior to today, and today 5131 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 63 day(s) on February 21, 2025. This event was a transfer of 180 contract(s) at a $290.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $241.0 per contract. There were 2010 open contracts at this strike prior to today, and today 2567 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 put option sweep with bearish sentiment. It expires in 28 day(s) on January 17, 2025. Parties traded 1958 contract(s) at a $65.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $13.0 per contract. There were 14009 open contracts at this strike prior to today, and today 2066 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 bullish, expiring in 28 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $365.00 strike. The total cost received by the writing party (or parties) was $332.5K, with a price of $3325.0 per contract. There were 563 open contracts at this strike prior to today, and today 836 contract(s) were bought and sold. 
• For ANET (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $150.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $175.0 per contract. There were 212 open contracts at this strike prior to today, and today 616 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a put option trade with neutral sentiment. It expires in 392 day(s) on January 16, 2026. Parties traded 600 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $807.0K, with a price of $1345.0 per contract. There were 1579 open contracts at this strike prior to today, and today 601 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

AAPL

ANET

AVGO

DELL

MSFT

MSTR

10 Information Technology Stocks Whale Activity In Today's Session

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) is proving unstoppable, with shares soaring following <a href="https://www.benzinga.com/quote/PLTR/news">the announcement of</a> a significant U.S. Army contract extension on Thursday. 
This deal, which could reach $618.9 million over four years, underscores Palantir's growing role in delivering cutting-edge AI and data solutions for military operations.
Read More: <a href="https://www.benzinga.com//node/42572384">Palantir Strengthens Army Partnership, Adds AI And Data Enhancements In $618.9 Million Contract</a>
<h2 class="wp-block-heading">Palantir&#8217;s Winning Partnership With The Army</h2>
Since 2018, Palantir has been a cornerstone of the Army's Vantage program, empowering decision-making with advanced analytics and AI. 
The company's software integrates and visualizes data from multiple sources, enabling operational efficiencies and optimizing processes across the Army enterprise. 
With over 100,000 users, Vantage set a usage record this year, solidifying Palantir's reputation as a go-to tech partner.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20075533/Screenshot-2024-12-20-at-6.06.51-PM.png" alt="" class="wp-image-701635" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20075533/Screenshot-2024-12-20-at-6.06.51-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20075533/Screenshot-2024-12-20-at-6.06.51-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
<h2 class="wp-block-heading">Technical Tailwinds Could Push PLTR Stock Higher</h2>
From a technical standpoint, PLTR stock is in strong bullish territory:
<ul>
<li>Eight-day SMA: $73.58 (PLTR at $71.03 – selling pressure signals)</li>
<li>20-day SMA: $70.76 (bullish signal)</li>
<li>50-day SMA: $58.42 (bullish signal)</li>
<li>200-day SMA: $34.95 (bullish signal)</li>
</ul>
With a Relative Strength Index (RSI) of 56.46, the stock isn't overbought, suggesting room for further gains. The MACD of 4.23 reflects ongoing bullish momentum, adding weight to the upward trajectory.
<h2 class="wp-block-heading">What's Next For Palantir Stock?</h2>
As if the contract extension wasn&#8217;t enough, Palantir will join the Nasdaq 100 Index next Monday, a move expected to draw even more attention from institutional investors. Having already skyrocketed over 330% this year, PLTR stock is showing no signs of slowing down, cementing its status as one of the year's top-performing tech stocks.
With the U.S. Army deal and Nasdaq 100 inclusion, Palantir continues to defy gravity. Investors should prepare for what might be a transformative chapter in its growth journey.
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</ul>
Photo: Dennis Diatel/Shutterstock.com

Palantir Technologies Option Alert: Dec 27 $75 Calls Sweep (3) Near The Ask: 1000 @ $1.924 Vs 20535 OI; Earnings 2/3 After Close [est] Ref=$72.2601

Palantir Technologies Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), which has seen a notable rise in its stock price over the past two months, is now facing a downturn in Friday pre-market trading.
What Happened:&nbsp;Palantir Technologies Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) saw a significant rise of over 78% in the last two months. However,&nbsp;data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>&nbsp;showed that on Friday the stock fell by 3.62% during pre-market trading.
This decline follows the initiation of coverage by&nbsp;UBS&nbsp;analyst&nbsp;Karl Kierstead, who gave Palantir a neutral rating on Dec. 18. Kierstead expressed optimism about Palantir&#8217;s fundamentals but highlighted concerns over its valuation. &#8220;Our review of Palantir&#8217;s&nbsp;fundamentals left us very positive.&nbsp;In our view,&nbsp;Palantir deserves a material multiple&nbsp;premium to most/all other public&nbsp;software firms,&#8221; he said, <a href="https://www.investors.com/news/technology/pltr-stock-buy-now/?src=A00220">reported</a> Investor&#8217;s Business Daily.
&#8220;The main thing keeping us on the sidelines is valuation, which at 49 times revenue and 124 times free cash flow on 2025 estimates is simply tough to get over.&#8221;
Why It Matters: Palantir has a consensus price target of $34.13 based on the ratings of 21 analysts, tracked by Benzinga Pro. The three most recent analyst ratings were released by Benchmark, UBS, and Mizuho set an average price target of $44 with an implied 39.04% downside for Palantir.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/PLTR/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/20082758/Screenshot-2024-12-20-at-6.57.51%E2%80%AFPM-1024x385.png" alt="" class="wp-image-701726" /></a></figure>
Palantir on Thursday&nbsp;announced an extension of its <a href="https://www.benzinga.com/24/12/42572384/palantir-strengthens-army-partnership-adds-ai-and-data-enhancements-in-400-million-deal">partnership with the&nbsp;U.S. Army</a>, which is expected to enhance its data and AI capabilities. The agreement, valued at $400.7 million over four years, has a potential ceiling of $618.9 million. This partnership aims to operationalize data across the Department of the Army, enabling broader integration of data and AI capabilities.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42550405/trump-inauguration-could-coincide-with-a-harrowing-dump-for-crypto-arthur-hayes-warns?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Inauguration Could Coincide With A &#8216;Harrowing Dump&#8217; For Crypto, Arthur Hayes Warns</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Flickr

PLTR Stock, Up Over 80% In The Past Two Months, Trades Nearly 5% Lower In Friday Premarket After UBS Says 'Valuation…Is Simply Tough To Get Over'

Cathie Wood, the founder of Ark Investment Management LLC, predicts a surge in mergers and acquisitions after President-elect Donald Trump defeats Vice President Kamala Harris in the 2024 election.
What Happened: &#8220;M&amp;A has been prevented by the FTC. That is going to change,&#8221; Wood, popularly known for leading ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) <a href="https://www.youtube.com/watch?v=zd-ZoXq5R3w">said</a> in an interview with Bloomberg Television on Thursday.
The seasoned investor continues to maintain her optimistic view on cryptocurrencies, projecting that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) may hit $1.5 million by 2030. Wood highlighted how Bitcoin is becoming &#8220;more scarce than gold,&#8221; pointing out that after the April halving, its annual supply increase has decreased to 0.9%. 
According to Wood, production rises in tandem with the price of gold. Bitcoin prevents that from occurring.
Her remarks come as Bitcoin has gained 120% this year and is now trading above $100,000. Wood highlights Bitcoin&#8217;s fixed supply cap of 21 million coins and credits the surge to increased institutional interest and regulatory certainty.
See Also: <a href="https://www.benzinga.com/news/24/12/42608814/elon-musks-doge-role-in-government-set-for-fascinating-tough-fight-says-analyst-walter-isaacson-sees-challenges-for-tesla-ceos-federal-path">Elon Musk&#8217;s DOGE Role In Government Set For &#8216;Fascinating Tough Fight,&#8217; Says Analyst — Walter Isaacson Sees Challenges For Tesla CEO&#8217;s Federal Path</a>
The emergence of Bitcoin ETFs has significantly increased retail investor interest, with prominent offerings such as iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>), Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>), ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>), Bitwise Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>), Grayscale Bitcoin Mini Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTC#NYSE">BTC</a>), ProShares Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>), and Volatility Shares Trust 2x Bitcoin Strategy ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BITX#BATS">BITX</a>), providing various options for investors seeking exposure to the cryptocurrency market.
Why It Matters: The Ark Innovation ETF manager, known for her <a href="https://www.benzinga.com/24/12/42608224/cathie-woods-thursday-moves-dumps-buzzing-stocks-tesla-and-palantir">high-conviction bets on disruptive technology</a>, has recently adjusted her fund&#8217;s positions. ARKK sold 14,016 shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) at $436.17 and 33,402 shares of Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) at $74.21 on Thursday.
Wood also expressed optimism about broader market participation under Trump&#8217;s presidency. &#8220;The market&#8217;s going to broaden out right now and reward companies who are at the leading edge of innovation,&#8221; she said during a previous CNN appearance, though <a href="https://www.benzinga.com/markets/equities/24/12/42262916/ark-invests-cathie-wood-says-stock-market-will-broaden-out-under-trump-but-growth-wont-be-linear-nothing-goes-up-in-a-straight-line">cautioning that growth wouldn&#8217;t be linear</a>.
Her outlook aligns with Bank of America analysts&#8217; predictions of increased M&amp;A activity, particularly in banking and biotech sectors, under a Republican administration. Analysts note that financial sector deals historically <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41979935/golden-years-for-ma-deals-ahead-under-trump-analysts-highlight-top-10-large-cap-candidates">increased by 50% during Republican presidencies</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/12/42608297/tom-lee-explains-why-fewer-cuts-in-2025-could-boost-the-market-urges-investors-to-buy-the-dip-amid-recent-volatility">Tom Lee Explains Why &#8216;Fewer Cuts In 2025&#8217; Could Boost The Market, Urges Investors To &#8216;Buy The Dip&#8217; Amid Recent Volatility</a></li>
</ul>
Image via Ark Invest

Cathie Wood Says Bitcoin Is 'More Scarce Than Gold' — Predicts M&A Surge Under Trump 2.0

On Thursday, Cathie Wood-led Ark Invest made some significant trades, notably selling off Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) stock.
The Tesla Trade
The ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) reduced its holdings in Tesla Inc. by selling 14,016 shares. This move comes amidst a month where Tesla&#8217;s stock has been on a remarkable upswing, reaching new highs. The Elon Musk-led company&#8217;s stock has risen over 26% in December.
The shares were sold at a closing price of $436.17, totaling approximately $6.1 million in value. This decision follows a <a href="https://www.benzinga.com/24/12/42476448/cathie-woods-ark-invest-dumps-another-15-3-million-tesla-shares-pivots-to-this-flying-taxi-startup">previous sale</a> of Tesla shares by Ark Invest on Wednesday when the firm sold another $9.06 million worth of stock. These sales took place not long after Musk expressed optimism that the stock could touch the $690 mark.
The Palantir Trade
On the same day, Ark Invest sold Palantir stock. The firm sold 33,402 shares of the Alex Karp-led company through ARKK. The transaction was valued at $2.5 million with shares closing at $74.21 on Thursday.
This decision comes on the heels of Palantir&#8217;s recent announcement of a $400.7 million <a href="https://www.benzinga.com/24/12/42572384/palantir-strengthens-army-partnership-adds-ai-and-data-enhancements-in-400-million-deal">contract extension</a> with the U.S. Army, with a total potential ceiling of $618.9 million. The agreement aims to operationalize data across the entire Department of the Army, enabling broader integration of data and AI capabilities. Despite the company&#8217;s stock climbing 350% year-to-date and nearly 18% in December, company insiders have been <a href="https://www.benzinga.com/24/12/42538479/palantir-stock-rockets-350-ytd-but-insiders-cash-out-should-you-follow-suit">selling off shares</a>.
Other Key Trades:
<ul>
<li>ARKG and ARKK bought shares of Tempus AI Inc (TEM). ARKG sold shares of Ionis Pharmaceuticals Inc. (IONS).</li>
<li>ARKG also bought shares of Personalis Inc (PSNL).</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/12/42545829/mark-cuban-expresses-sympathy-for-hawk-tuah-girl-amid-meme-coin-controversy-wasnt-something-she-fully-understood?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Expresses Sympathy For &#8216;Hawk Tuah&#8217; Girl Amid Meme Coin Controversy: &#8216;Wasn&#8217;t Something She Fully Understood&#8217;</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 Thursday Moves: Dumps Buzzing Stocks Tesla And Palantir

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. 
Below are some instances of options activity happening in the Information Technology sector: 
<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>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$130.00</td>
<td>$165.7K</td>
<td>45.0K</td>
<td>19.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$70.00</td>
<td>$27.0K</td>
<td>5.9K</td>
<td>16.4K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$12.00</td>
<td>$28.0K</td>
<td>10.5K</td>
<td>12.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$220.00</td>
<td>$112.7K</td>
<td>5.2K</td>
<td>11.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$440.00</td>
<td>$31.5K</td>
<td>15.1K</td>
<td>10.2K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$17.00</td>
<td>$31.0K</td>
<td>20.7K</td>
<td>8.9K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$300.00</td>
<td>$31.5K</td>
<td>15.3K</td>
<td>7.7K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$17.00</td>
<td>$110.4K</td>
<td>6.4K</td>
<td>1.8K</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.00</td>
<td>$53.7K</td>
<td>2.3K</td>
<td>1.4K</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/27/24</td>
<td>$430.00</td>
<td>$29.5K</td>
<td>147</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed 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 sweep with bearish sentiment. It expires in 8 day(s) on December 27, 2024. Parties traded 650 contract(s) at a $130.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $165.7K, with a price of $255.0 per contract. There were 45036 open contracts at this strike prior to today, and today 19046 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on December 27, 2024. Parties traded 171 contract(s) at a $70.00 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $158.0 per contract. There were 5965 open contracts at this strike prior to today, and today 16449 contract(s) were bought and sold. 
• For RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we notice a call option trade that happens to be bearish, expiring in 148 day(s) on May 16, 2025. This event was a transfer of 100 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $280.0 per contract. There were 10510 open contracts at this strike prior to today, and today 12429 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on December 20, 2024. This event was a transfer of 347 contract(s) at a $220.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $112.7K, with a price of $325.0 per contract. There were 5250 open contracts at this strike prior to today, and today 11608 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on December 20, 2024. Parties traded 89 contract(s) at a $440.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $354.0 per contract. There were 15138 open contracts at this strike prior to today, and today 10287 contract(s) were bought and sold. 
• Regarding IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we observe a call option sweep with bullish sentiment. It expires in 92 day(s) on March 21, 2025. Parties traded 239 contract(s) at a $17.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $130.0 per contract. There were 20717 open contracts at this strike prior to today, and today 8915 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 sweep with bearish sentiment. It expires in 1 day(s) on December 20, 2024. Parties traded 150 contract(s) at a $300.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $210.0 per contract. There were 15354 open contracts at this strike prior to today, and today 7796 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bullish, expiring in 92 day(s) on March 21, 2025. This event was a transfer of 617 contract(s) at a $17.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $110.4K, with a price of $179.0 per contract. There were 6425 open contracts at this strike prior to today, and today 1816 contract(s) were bought and sold. 
• Regarding SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we observe a call option trade with bullish sentiment. It expires in 29 day(s) on January 17, 2025. Parties traded 125 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $53.7K, with a price of $430.0 per contract. There were 2370 open contracts at this strike prior to today, and today 1470 contract(s) were bought and sold. 
• Regarding ADBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we observe a put option trade with neutral sentiment. It expires in 8 day(s) on December 27, 2024. Parties traded 136 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $217.0 per contract. There were 147 open contracts at this strike prior to today, and today 1439 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.

ADBE

CLSK

IREN

RGTI

SOUN

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

Mysterious drone sightings have been reported across New Jersey and other northeastern states since mid-November 2024, causing concern among residents and prompting investigations by authorities.&nbsp; Here's a look at what is known and what <a href="https://www.benzinga.com/news/24/12/42525698/as-elon-musk-takes-on-lockheed-martin-made-f-35s-experts-question-feasibility-of-replacing-manned-fighter-jets-with-drones">lawmakers are saying. </a>
The Details: The initial drone sightings occurred in New Jersey on Nov. 18 and reports have spread to New York, Pennsylvania, Maryland, and other states in the Northeastern United States. The drones are typically seen late at night and have been reported as flying in groups and illuminating the sky.
Drones have been spotted near sensitive locations like Picatinny Arsenal, Round Valley Reservoir and President-elect Donald Trump&#8217;s Bedminster golf course.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/global/24/12/42559347/trump-administration-could-ban-amazons-top-selling-routers-linked-to-chinese-cyberattacks-report">Trump Administration Could Ban Amazon&#8217;s Top-Selling Routers Linked To Chinese Cyberattacks: Report</a>
The Investigation: The FBI, Department of Homeland Security and state agencies are investigating the sightings and the FAA has issued temporary flight restrictions in several New Jersey areas effective until Jan. 17, 2025.&nbsp;
Last Friday, the FBI and DHS issued a <a href="https://www.dhs.gov/news/2024/12/12/joint-dhsfbi-statement-reports-drones-new-jersey">joint statement </a>on the reports of drones in New Jersey.&nbsp;
"We have no evidence at this time that the reported drone sightings pose a national security or public safety threat or have a foreign nexus. The FBI, DHS and our federal partners, in close coordination with the New Jersey State Police, continue to deploy personnel and technology to investigate this situation and confirm whether the reported drone flights are actually drones or are instead manned aircraft or otherwise inaccurate sightings," the statement reads.&nbsp;
President Joe Biden briefly addressed questions about the drones as he left the White House on Tuesday night.&nbsp;
"There are a lot of drones authorized. We are following this closely. So far no sense of danger," Biden told reporters, as reported by the Associated Press.&nbsp;
Lawmakers Speak Out: Many lawmakers have criticized the Biden administration's response to the drone sightings as lax and irresponsible. Trump even took to social media on Sunday with claims that the government is purposefully concealing information about the drones.&nbsp;
&#8220;Mystery Drone sightings all over the Country. Can this really be happening without our government's knowledge. I don't think so! Let the public know, and now. Otherwise, shoot them down!!!,&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/113647906240301335">posted</a> on Truth Social. 
On Saturday, Gov. Kathy Hochul of New York released <a href="https://www.governor.ny.gov/news/statement-governor-kathy-hochul-additional-drone-activity">a statement</a> calling on the Biden administration to send federal law enforcement to New York and the surrounding area to ensure safety. Runways at an airfield in New Windsor, NY were shut down on Friday because of drone activity in the area.
"This has gone too far," she said in the statement which also called on Congress to pass the Counter-UAS Authority Security, Safety, and Reauthorization Act.&nbsp;
Additionally, the House Intelligence Committee spoke with federal law enforcement and intelligence officials about the drones during a closed-door meeting Tuesday, U.S. Rep. Jim Himes of Connecticut told CNN.&nbsp;
Authorities told the committee that there is no evidence that the drones are posing dangers, Himes said.
What Else: Reports of drone sightings continue to pour in from the Northeast and investigations remain ongoing. Some public companies that could potentially get involved in situations related to drones include Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) which has recently made significant strides in <a href="https://www.benzinga.com/24/12/42513150/palantir-expands-ai-battlefield-solutions-with-red-cats-black-widow-drones">drone technology</a> and works with the U.S. Department of Defense on several military contracts. 
RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), another military contractor, developed the Coyote kinetic effector, a missile variant designed for Counter-Unmanned Aircraft System (C-UAS) missions. Read Next:&nbsp;
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</ul>
Image: Shutterstock

'Mystery Drone' Sightings Spark Investigations, Politicians Respond: 'Shoot Them Down,' Trump Says

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>DA Davidson analyst Alex Platt initiated coverage on IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) with a Buy rating and announced a price target of $50. IonQ shares closed at $37.50 on Wednesday. See how other analysts view this stock.</li>
<li>Citigroup analyst James Hardiman initiated coverage on Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) with a Buy rating and announced a price target of $54. Viking Holdings shares closed at $43.38 on Wednesday. <a href="https://www.benzinga.com/quote/VIK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS initiated coverage on Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) with a Neutral rating and announced a price target of $80. Palantir shares closed at $71.51 on Wednesday. <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northcoast Research analyst Aaron Reed initiated coverage on Tennant Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) with a Buy rating and announced a price target of $125. Tennant shares closed at $80.58 on Wednesday. See how other analysts view this stock.</li>
<li>Wedbush analyst Daniel Ives initiated coverage on SolarWinds Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) with an Outperform rating and announced a price target of $20. SolarWinds shares closed at $13.89 on Wednesday. <a href="https://www.benzinga.com/quote/SWI/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TNC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="602" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171-1024x602.png" alt="" class="wp-image-699804" style="width:578px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171-1024x602.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171-768x452.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19085746/image-171.png 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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UBS initiates coverage on Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) with a Neutral rating and announces Price Target of $80.

UBS Initiates Coverage On Palantir Technologies with Neutral Rating, Announces Price Target of $80

WIIM

Palantir Technologies shares are trading higher after the company announced the expansion of its army partnership by adding AI and data enhancements for a total potential contract value of $619.9 million.

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares are trading higher premarket on Thursday. On Wednesday, the company disclosed an extension of its partnership with the U.S. Army to continue delivering the Army Vantage <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42563435/palantir-expands-army-vantage-partnership-with-618-9m-contract" rel="noreferrer noopener">capability for the &#8220;Army Data Platform.&#8221;</a>
The agreement is valued at $400.7 million over four years, with a total potential ceiling of $618.9 million.
The new agreement aims to operationalize data across the entire Department of the Army, enabling broader integration of data and AI capabilities.
The program is set to expand, offering greater flexibility to support additional Army initiatives while enhancing interoperability and integration through advanced technology investments.
As of 2024, the Vantage program has supported over 100,000 users and achieved record-high usage.
The platform currently integrates more than 180 unique data sources, enabling seamless connectivity across the Army and Joint community.
Looking forward, the program will maintain its existing capabilities and infrastructure while expanding to serve mission owners across the entire Army enterprise.
Akash Jain, President, Palantir USG said, &#8220;Our continuous addition of new AI capabilities enables the Army&#8217;s own ability to develop applications and incorporate the benefits of effective data analysis across nearly every high-priority mission in the Army.&#8221;
Investors can gain exposure to the stock via&nbsp;Adaptiv Select ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADPV#NYSE">ADPV</a>) and &nbsp;ProShares Big Data Refiners ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAT#NYSE">DAT</a>).
Price Action: PLTR shares are up 1.97% at $72.92 premarket at the last check Thursday.
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Image via Shutterstock.

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founder Joe Lonsdale disclosed that the data analytics company nearly collapsed in its early years before CEO Alex Karp secured crucial contracts with federal agencies.
What Happened: Speaking on the Shawn Ryan Show podcast released Wednesday, Lonsdale revealed that about three years into Palantir&#8217;s development, key team members were ready to quit due to insufficient contracts.
&#8220;It came really close to dying,&#8221; Lonsdale said. &#8220;A few of our top guys were basically ready to quit. They were like, &#8216;Joe this is just not working out.'&#8221;
Lonsdale convinced the team to persist for six more months, during which Karp made significant inroads with federal agencies. &#8220;Alex Karp did a really great job at figuring out how to get both the FBI and CIA to move on something, and all of a sudden it was good,&#8221; he explained.
The company later faced resistance from military procurement officials, leading to an unusual legal battle. &#8220;We ended up suing the government. I never sue anyone, but Palantir had to… and we won,&#8221; Lonsdale said. He noted that after military units began using Palantir&#8217;s software, they acknowledged its effectiveness despite earlier skepticism.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42567950/jim-cramer-warns-of-incredible-panic-as-jerome-powells-cautious-rate-cuts-send-us-stocks-into-freefall">Jim Cramer Warns Of &#8216;Incredible Panic&#8217; As Jerome Powell&#8217;s Hawkish Outlook Send Stocks Into Free Fall</a>
Why It Matters: The revelations come as Palantir&#8217;s stock has surged approximately 330% year-to-date, with the company&#8217;s artificial intelligence platform gaining significant traction. Recent endorsements include billionaire investor Stanley Druckenmiller, whose family office acquired 769,965 shares in the <a href="https://www.benzinga.com/markets/equities/24/12/42546044/alex-karp-jokes-about-cult-label-as-stanley-druckenmiller-praises-his-book-after-palantir-soars-nearly-350-in-2024">first quarter of 2024</a>.
Lonsdale emphasized Palantir&#8217;s evolution from a data organization platform to incorporating AI capabilities. &#8220;It turns out, it&#8217;s very powerful to then apply AI on top of it,&#8221; he said, noting that the company&#8217;s early focus on data organization positioned it well for AI integration.
Wedbush Securities analyst Dan Ives <a href="https://www.benzinga.com/markets/equities/24/12/42522531/tesla-will-be-the-biggest-winner-in-the-trump-era-says-dan-ives-predicts-nasdaq-at-25000-in-18-months-get-the-popcorn-out">remains bullish on Palantir</a>, predicting 2025 will be a breakthrough year for the company&#8217;s AI platform. The company&#8217;s market capitalization now exceeds $162 billion, surpassing traditional defense contractor Lockheed Martin Corp.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Joe Lonsdale - The AI-Driven EMP Weapon Built to Destroy New Jersey Drone Swarms &#x7C; SRS #151" width="500" height="281" src="https://www.youtube.com/embed/TIKevZh97Tw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Joe Lonsdale Reveals Palantir's 'Close To Dying' Moment, Credits Alex Karp For Securing Key Contracts With FBI And CIA

Palantir Extends Long-standing Partnership With US Army To Deliver Army Vantage Capability In Support Of Army Data Platform; Total Value Of Agreement Is $400.74M For Period Of Up To Four Years, With Total Available Ceiling Of $618.87M

Palantir Technologies shares are trading higher after the company joined forces with Pray.com to enhance multilingual faith-based content using advanced AI technology.

Whales with a lot of money to spend have taken a noticeably bullish stance on Palantir Technologies.
Looking at options history for Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) we detected 52 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $652,406 and 43, calls, for a total amount of $3,852,914.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.0 to $90.0 for Palantir Technologies over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Palantir Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Palantir Technologies's substantial trades, within a strike price spectrum from $22.0 to $90.0 over the preceding 30 days.
<h3>Palantir Technologies Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734538527_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.45</td>
<td>$8.35</td>
<td>$8.45</td>
<td>$72.50</td>
<td>$244.2K</td>
<td>1.5K</td>
<td align="right">754</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$44.0</td>
<td>$43.7</td>
<td>$43.82</td>
<td>$32.00</td>
<td>$196.8K</td>
<td>5.8K</td>
<td align="right">121</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$43.5</td>
<td>$43.05</td>
<td>$43.32</td>
<td>$32.00</td>
<td>$194.6K</td>
<td>6.1K</td>
<td align="right">125</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$44.0</td>
<td>$43.7</td>
<td>$43.82</td>
<td>$32.00</td>
<td>$175.1K</td>
<td>5.8K</td>
<td align="right">193</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$43.5</td>
<td>$43.05</td>
<td>$43.32</td>
<td>$32.00</td>
<td>$173.1K</td>
<td>6.1K</td>
<td align="right">197</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.
After a thorough review of the options trading surrounding Palantir Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Palantir Technologies's Current Market Status</h3>
<ul>
<li>With a volume of 31,299,021, the price of PLTR is up 2.39% at $76.17. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 47 days.</li>
</ul>
<h3>What The Experts Say On Palantir Technologies</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $66.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Baird has revised its rating downward to Neutral, adjusting the price target to $70. 
&#x2A; Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Palantir Technologies with a target price of $75. 
&#x2A; An analyst from Mizuho persists with their Underperform rating on Palantir Technologies, maintaining a target price of $44. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Palantir Technologies, maintaining a target price of $75. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Palantir Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Palantir Technologies Unusual Options Activity

As one of the top technology performers in the market this year, no one can deny the extraordinary performance of big-data analytics specialist Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>). Since the beginning of this year, PLTR stock gained almost 350%. At the same time, the equity sector's gravitational pull always risks the possibility of an incoming correction.
Admittedly, the bulls enjoy a wealth of arguments favoring a continued push into Palantir stock. For one thing, the underlying industry of artificial intelligence has taken the world by storm. A study released by Cognizant Impact early this year noted that generative AI should<a href="https://www.benzinga.com/news/24/01/36588991/study-forecasts-staggering-1-trillion-boost-to-us-economy-with-generative-ai-but-warns-of-job-disrup"> boost the U.S. economy by $1 trillion</a> within the next ten years.
Specific to Palantir, the analytics specialist continues to post milestone achievements and ink strategically significant partnerships. Recently, PLTR stock benefited from a solid pop when the underlying enterprise entered an agreement with Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>). This collaboration will<a href="https://www.benzinga.com/24/12/42513150/palantir-expands-ai-battlefield-solutions-with-red-cats-black-widow-drones"> enhance autonomous unmanned warfare drones</a> by utilizing Palantir's AI software.
On the technical front, PLTR stock trades well above critical market gauges, including the 20-day, 50-day and 200-day moving averages. Generally, traders prefer not to fight the tape unless there is a compelling reason to do so.
On the other hand, some cracks may be forming in the stock's armor. Other technical indicators suggest that shares are overbought. Furthermore, Wall Street analysts lean bearishly with a<a href="https://www.benzinga.com/quote/PLTR/analyst-ratings"> 2.2 overall rating</a>, suggesting a sentiment of Sell. Finally, key insiders have recently<a href="https://www.benzinga.com/24/12/42538479/palantir-stock-rockets-350-ytd-but-insiders-cash-out-should-you-follow-suit"> offloaded PLTR</a>, which, while not definitive, may indicate higher odds of volatility.
The Direxion ETFs: While a lack of directional clarity can frustrate buy-and-hold investors, the underlying volatility of PLTR stock could offer opportunities for momentum traders. Financial services provider Direxion recently launched Palantir-focused exchange-traded funds that seek to capitalize on this great sentiment debate.
For the bulls, traders may consider the Direxion Daily PLTR Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTU#NASDAQ">PLTU</a>). This leveraged ETF seeks daily investment results of 200% of the performance of PLTR stock. On the other end, pessimists may look to the Direxion Daily PLTR Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTD#NASDAQ">PLTD</a>), which seeks the daily results of 100% of the inverse performance of the namesake security.
Fundamentally, these Direxion ETFs offer convenience. Rather than engage the options market – which features additional complexities – investors seeking leverage or a short position can simply buy units of PLTU or PLTD, respectively, much like a traditional security.
However, it's important to note that the Direxion funds – whether the 2X bull or the 1X bear – should only be held for a period lasting no longer than one day. Otherwise, the daily compounding effect of leverage over time may lead to value decay.
The PLTU ETF: Launched on Dec. 11, 2024, not much pricing data exists on the PLTU ETF. Nevertheless, despite recent negative price action, the overall trend suggests a baseline of support.
<ul>
<li>One day after its market debut, PLTU entered what appears to be a horizontal trend channel, with the $29 level acting as resistance and $26 as support.</li>
<li>Moving forward, it will be essential for the bulls to maintain support at $26. Otherwise, a testing of the $25 level could materialize.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfX24wOiatjz1_mzV2HNTxPy1nkGdv97ecjivDNUhE5AYcQBauHc0NsM4ZWFrdy1zTodJjbNhWims0Jf74qeuu9hGx71IBpwWb9tmAY_rPvvhWU4H_lnd13asYPpMUHKvrk4pcwVA?key=UoM_niBdpzuxsFoZABT5IQsu" alt="" /></figure>
The PLTD ETF: Also launched on Dec. 11, the PLTD ETF lacks pricing data. However, its market trend right now subtly suggests brewing skepticism.
<ul>
<li>After an initial lively period, the Palantir bear fund entered into a horizontal consolidation pattern, with upside resistance at $24.50 and downside support at $23.30.</li>
<li>Currently, PLTD appears to be struggling against the psychologically significant $24 level. Rising above this benchmark will be critical in maintaining structural integrity.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXchpOv02LHNBj6emONjxSDZ9UXKnS79tDZkymiHqxpH8DcEMez-EL1pcmwrlrv649RCUbl_5RzPXHbE2koEhX3Jm7R6_XNfFAc3sgiZf436e8pHE9gc9nKoxlLBJfow4GvlYDS3?key=UoM_niBdpzuxsFoZABT5IQsu" alt="" /></figure>
Featured photo by <a href="https://pixabay.com/users/jensenartofficial-31380959/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=7644530">Jensen Art Co</a> on <a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=7644530">Pixabay</a>.

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