Bragar Eagle & Squire, PC reminds investors of this class

Bragar Eagle & Squire, PC reminds investors of this class


NEW YORK, Oct. 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. (NYSE: PLTR), Fulgent Genetics, Inc. (NASDAQ:FLGT), Yatsen Holding Ltd. (NYSE:YSG) and Barclays PLC (NYSE:BCS). 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. (NYSE: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 Q1, 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 increased just 16% year over year in the first quarter, significantly slowing revenue growth compared to the previous quarters,…

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