So, is ALEX KARP, the founder and current CEO of Palantir the problem? is he a good CEO or does Palantir needs a new lead. Is Alex Karp the reason the share price of PLTR is dropping like a stone?
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00:00 Introduction
00:27 FTX Sponsorship
01:29 Is Alex Karp a Good CEO?
07:20 I Was Wrong about Share Price
08:00 Summary and Final Words
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00:00 Introduction
00:27 FTX Sponsorship
01:29 Is Alex Karp a Good CEO?
07:20 I Was Wrong about Share Price
08:00 Summary and Final Words
*Disclosure: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission.
👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
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* Shure sm7b: https://amzn.to/3GfbasL
* Light Nova p300 C: https://amzn.to/3AIZb5M
DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
Hey this is tom nash, and in this video i will answer. One simple question is alex carp, a good ceo or is he? The problem? Basically, is alex carp, the reason we are stuck in uranus instead of going to the moon stay with me and i'll. Let you know in a second, the lesson for every big country is holy and before we jump to the video i just want to. Let you guys know today's video is sponsored by ftx us who kindly agreed to sponsor this video, so you can watch it for free.
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This is just the beginning, and now, let's jump back to the video. So what this morgan stanley analyst said is. This is a company that should be considered a consulting company, not a software company, and that was the in terms of what the multiple that should be applied to that company. How do you think about that? It's complete idiocy now.
You know over the past six months. I've been witnessing a very interesting phenomena now, while talenteer stock plummets to the price of half a mcchicken nugget, the company business is actually doing better than ever. According to angry comments on 4chan volunteer is not falling to its demise. It's actually doing better than it ever did and here's some data to back it up.
It's not just me saying it and q1 of this year, palanti reported its best ever quarter with almost 450 million in revenues, which is literally double than its revenues. In the first quarter of 2020, which, based on my very insane experience as a senior financial analyst means, revenues, grew 100 percent just in two years, not bad for a guy who didn't get a haircut since bill clinton. Was president now the recent key one earnings report also showed us something very interesting: we saw that palantir grew its commercial business by 54 year-over-year and is well on target to meet its guidance of 30 per year, growth until 2025, even in this current volatile environment. Now, let's face it running a public company right now in this market is like trying to make love to a freight train, which is exactly what my grandpa can tell.
You isn't very pleasant, nor legal in certain states. Now long story short, but you know grandpa - is banned from the local train station. For the q1 earnings report, we saw revenues increasing by 31 year-over-year to almost half a billion dollars per quarter, putting volunteer on pays for a 2 billion revenue in 2022 as a whole year. Now defense actually did 241 million this year, and the commercial business did an extra 205 million, which means that now the commercial business is accounting for almost 50 percent of the entire business of palantir, which is exactly what we were preaching for and what's really interesting. Is that the average revenue per client is now 10 million dollars up from 8 million just a year ago, such a successful performance can only be attributed to alex harp midday, surprise, meditation sessions which, whatever employee accidentally stumbles into the kitchen area at the wrong time. You know what i'm talking about, but you know really now what's really powerful here is that this quarter palantir also grew its customer count by 86 percent year over year to just under 300 clients, and it's also increasing its average spend pair the top 20 clients they're. Currently, spending 45 million dollars per client for the top 20 clients, which is 24 increase compared to last year. So it's not really hard to see that the company is doing better than ever and it seems to be doing that without having seo that's able to talk human now.
What's really cool to see is the customer count which grew in the first quarter by 207 to 184 clients all the way from 60 clients in the first quarter last year? Now this might be the craziest johnny english-esque style of stumbling over yourself for multiple success stories. In the history of enterprise software, i mean that's the most competitive industry in the united states, so it's either a sheer set of luck happening again and again and again or alex carp knows what he's doing, not to mention that in q1 palantir closed 208 new deals Compared to 81, in q1 of last year, that's an increase of 157 percent. In q1 last year, piloteer had 2.8 billion in remaining deal value, which now increased to three and a half billion. That's a 26 percent increase all while remaining performance obligations, increased 86 year-over-year to 1.2 billion, and let me tell you something: my guy: with 2.3 billion cash with no debt and with three and a half billion in remaining deal flow.
Palantir balance sheet looks like it could marry kardashian and also not ruin its nba career. It's that good, alex carp may seem like a crazy scientist, but you can't argue with hard data. The dude is a bonafide killer. Now, if you go on tip pranks, they have five star analysts that are covering palantir and all six of them give it a double digit price, with an average of a forty percent upside right now now could pilot your share price tank.
Even more well is my grandpa banned from the train depot for life. I think you know the answer. Yes, however long term, the business of volunteer is just too good for the share price not to catch up. I guarantee you that the same idiots that are telling you panicking is not investable and it's a three dollar stock are going to be buying like crazy junkies, when the volunteer stock goes back to the 20s. Meanwhile me and my friends will be buying volunteer positions. Every single day, especially while it's on sale now realize it could be a while before the pain ends, but piloteer is a long-term investment. I've always said this. For me, it never changed and i'm continuing to dollar cost average into my valentine position every single day.
Now here are some unpleasant facts. The haters were right. They were right about the share price. It dropped like a stone, not gon na pretend it didn't happen.
We could have bought this company for cheaper. They were right. I was wrong about the share price. So far, facts also facts.
Valentine's share price may continue to fall, maybe even to five dollars per share, but the company is not in any risk of bankruptcy. Pallentier has no debt, it has positive free cash flow and plenty cash on hand to sustain operations. For years. All that with growing business, good margins, terrific clients and insane mode for me, it's a five-year investment plan and i will review it then.
Meanwhile, i guess what you need is a strong prayer levels to keep holding on to this company and let alex carp carp, the out of this company and, as always, a huge shout out to our channel members and patrons. Thank you so much for supporting this channel. If you want to sign up, the link is going to be below it's five dollars per month on the screen in a second you'll, see our latest members and pictures. Thank you so much see you tomorrow and don't let the carp get you 30 hertz straight up.
PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!!!
Stop with the clickbait man, you make good content don't muddy it up
I am not sure if the sound effect are useful.
I just wonder if institutional investors and others with deep pockets continue to increase their positions? What is the current percentage of institutional to retail?
Damn Tom! Your comedy is on point in this video!
What happened to “don’t click nothing”?
👍 so glad you got FTX as a sponsor
Insiders are selling to much, not helping
You're frkn hilarious bro. On a serious note whats your average cost on PLTR im at $11.75 and adding a few hundred shares every couple weeks
part of the reason the stock was crushed was a market rotating of the investment SPACs. one of them today jumped 100%. Black sky just announced a new billion dollar contract with the feds. the market cap of black sky even after the 100% jump is still under 400 million. absolutely insane deals in the spacs currently.
Bro. I know you need a little clickbait, but make it something other than a direct lie. Here are 6 examples:
1) Should Alex Karp (CEO of Palantir) be fired?
2) Did I sell Palantir (due to Alex Karp)?
3) Does Palantir need a new CEO?
4) The Haters were right about Palantir!
5) What I plan to do if Palantir falls to $5 / share.
6) What the &*!@ is up with Palantir?
interestingly I'm wondering what is PLTR involvement with Ferrari, why the system didn't detect a tech fault. perhaps they are involve only in the strategic data and not mechanical data, more collaborative opportunity i suppose.
Man I was totally about to buy some tomorrow too =/ lololol. I do however agree with your thesis
People really complaining about titles instead of applauding quality content. Titles get clicks, quality content keeps you watching to the end. Let the man get his clicks and stop being so emotional about a title.
He is a great leader, but he is not a salesman
You need a person who can sell the great company Palantir is, talking over the head of an average person who needs to understand what Palantir is, mr Carp has a very difficult time explaining and what the company does
It’s like he is talking on Mars for a man on earth “ way over my head”
Palantir DPO'd for $7.25, which was a fair price at that moment. Going up to $25, $35 dollars was pure mania. I bought a few shares at 20 and 30, but im buying thousands of shares now. In fact, think ill add 500 more tomorrow.
You're beginning to see sprouts with this company. BlackSky (BKSY) just signed a 1 billion deal today with the DOD for 10 years. Palantir invested into BlackSky in 2021 to use Foundry exclusively as their platform, so this is a big win and will bring more revenue. There's about 15 of these SPACs they invested in which seem to be on the verge of the "next big thing". These could flop or be wildly successful, way too soon to tell, but I think it's a smart move on Karp's part, actually. I see big value in alot of those companies.
They are integrating their platform into the products those SPAC companies are producing, such as robotics (Sarcos – former robotics arm of Boeing), electric vertical takeoff and landing company Lilium, and Wejo, who plans to become the manufacturer-agnostic industry standard for connected vehicle data. They're placing bets that these will be the next up-and-comers who will lead industry 4.0, data analytics, and biotech.
Oh, and that 50 million in gold they bought last summer in anticipation for a "black swan" event? Maybe that was a hedge against the current market and what they knew at that time about the situation in Ukraine. Good play. I'm bullish on the stock.
Why you confusing everyone with that title ???
I finally spoke to a Palantir user , a friend's son in the US Navy. He loves it because it's seemless, easy to use UI, and best of all, he and shipmates rarely complain of glitches/problems.
Wait so you didn’t sell it? The title is confusing
I don’t like Karp, I think he’s a brilliant guy but he just doesn’t seem to care about returning value to shareholders. I’d prefer to see Thiel be CEO I think he has a better handle on how to run a publicly traded company. I do like the company and hold shares.
Dude, your click bait scared me for a second and it worked this time. But in other case the click bait is so bad (“This is bad”) that I don’t want to watch the clip. Consider dialing back a few notches.
Nice company but still i will biy @ 5 range
karp is a woke hippie lunatic. smart but lives on cloud nine
Tom, appreciate your content sir but please consider titling your video accurately. Your audience gets distracted from the content trying to figure out if you "sold palantir"
People who refuse to groom reasonably have mental issues that signal bigger problems.
Hey tom, a question. Lets say if palantir had 0 income, how long would the company be able to pay their employes and their company as they are doing today ?
I know this doesnt happen it's just a hypythetical but sometimes it's good so people can see how good their economy is.
Hanging in there with no plans to sell Palantir…thank you, Tom💗
I believe Palantir's biggest problem actually is that they have a lot of things that they aren't able to talk about due to the type of work and clients they have
So in your ramblings of a madman, did you say if you actually sold any?
We're really in a whole era of CEOs who are weird, awkward, off-putting, or even outright hostile toward their investors, like guys trying to sell electric cars to rich hippies and climate true believers but then yelling about how they're joining the republican party because rich hippies and climate true believers are poopie heads on twitter.
A lot of these guys could really benefit from getting back to basics, just step out of the spotlight and focus on your company, maybe try to do at least one or two things related to the purpose of your business this year. Not every company needs to be run by an internet celebrity. Like as a CEO you should be embarrassed not happy if reddit has memes of you doing yoga on the news. Wtf is the business purpose of you teaching tai chi to Jake Tapper or whoever, get back in your god damn office and do some work.
Palantir is a weird one. I do enterprise data engineering for a living (i should be the user group), but only heard about Palantir because of wallstreetbets and Tom here. Now, what does that tell you?
He is a globalist part of the evil davos group planning to starve us out.
Hey Tom. I love your channel and can't stand when you and other good youtubers feel the need to resort to inaccurate titles. That's a cheap skanky ruse that you don't need.
The added sound effects sound a bit childish to me. It takes away from the serious message.