LOS ANGELES, Oct. 20, 2022 (GLOBE NEWSWIRE) — The law firm of Portnoy is informing investors of Palantir Technologies Inc. (“Palantir” or the “Company”) (NYSE: PLTR) that a class action lawsuit has been filed on behalf of investors. Palantir investors who have lost money on their investment are encouraged to do so Contact Lesley Portnoy, Esq.

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: [email protected] to discuss your legal rights, or click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

According to the Complaint, the Defendants made materially false and misleading statements about the Company’s business, operations and prospects throughout the Class Period. In particular, the defendants made false and/or misleading statements and/or failed to disclose that: (i) Palantir’s investments in marketable securities had a material adverse effect on the company’s earnings per share; (ii) Palantir has overstated the sustainability of its government segment’s growth and revenues; (iii) Palantir experienced a significant slowdown in revenue growth, particularly from its government customers, despite ongoing global conflicts and market disruptions; (iv) as a result of the foregoing, the Company was likely to miss consensus estimates for its first quarter 2022 EPS and second quarter 2022 revenue guidance; and (v) as a result, the Company’s public statements were, at all relevant times, materially false and misleading.

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Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results do not guarantee similar …