NEW YORK, Sept. 22, 2022 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of investors who have purchased or otherwise acquired Palantir Technologies Inc. (“Palantir” or the “Company”). PLTR Securities between November 9, 2021 and May 6, 2022 inclusive (the “Collection Period”).

All investors who have bought Palantir Technologies Inc. stock and have suffered losses are advised to contact the company immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You can get additional information about the promotion or join the case on our website, www.whafh.com.

When you have suffered casualties Palantir Technologies Inc.you can, at the latest November 14, 2022, request that the court appoint you lead plaintiff in the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor Palantir Technologies Inc.

PLEASE CLICK HERE TO JOIN THE EVENT

The lawsuit alleges that the defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects during the class period. Specifically, the defendants failed to disclose the following to investors:

• Palantir’s investments in marketable securities had a material negative impact on the company’s EPS results;

• Palantir has overstated the sustainability of its government segment’s growth and revenues;

• Palantir saw a significant slowdown in revenue growth, particularly from its government customers, despite ongoing global conflicts and market disruptions;

• As a result of the foregoing, the Company was likely to miss consensus estimates for its Q1 and Q2 revenue prospects; and

• As a result, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a…