The negative development for Palantir was the decision by Cathie Wood, once a big cheerleader for PLTR stock, to sell all of her firm’s shares of the company. Meanwhile, RBC Capital lowered its rating on the name to “underperform” from “sector perform” in the wake of the company’s Q1 results. The firm was unhappy with the company’s guidance and reported that the company’s growth rate fell “for the fourth consecutive quarter” in Q1, Seeking Alpha reported. Finally, RBC is not sure if Palantir will meet its 30% year-over-year revenue growth guidance for 2022.$Palantir Technologies Inc.(PLTR)$
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