Bragar Eagle & Squire, PC is reminding investors of this class action lawsuit

Bragar Eagle & Squire, PC is reminding investors of this class action lawsuit


NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, reminds investors that class action lawsuits can be filed on behalf of shareholders of Palantir Technologies, Inc. PLTRFulgent Genetics, Inc. FLGTYatsen Holding Ltd. YSGand Barclays PLC UCS. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

Palantir Technologies, Inc. PLTR

Class Period: November 9, 2021 – May 6, 2022

Lead Plaintiff Deadline: November 14, 2022

Palantir develops and implements software platforms to assist the US Secret Service in counter-terrorism investigations and operations. The Company has two operating segments, Commercial and Government, with the latter primarily serving US federal and non-US government agencies. Palantir also invests in what are known as “marketable securities,” which consist of shares in publicly traded companies.

Palantir has consistently described sources of geopolitical instability and other disruptions:egarmed conflicts, economic crises, and the COVID-19 pandemic – as tailwinds for its business, as the company’s products and services are said to be designed to help its customers assess and respond to such disruptions.

On May 9, 2022, Palantir issued a press release announcing first quarter financial results and second quarter guidance. For the first quarter, Palantir reported adjusted earnings per share of $0.02, compared to analyst estimates of $0.04 per share, noting in a conference call that “[f]first quarter adjusted [EPS of] $0.02. . . includes a negative impact of $0.02 primarily due to unrealized losses on marketable securities.” The company also announced that government revenue grew just 16% year-on-year in the first quarter, reflecting a significant slowdown in revenue growth compared to previous quarters and that, For the second quarter, the Company was expecting $470 million in…

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