Benzinga
Meet Alteryx, A Big Data Analytics Competitor To Palantir
In one of 2020’s most anticipated IPOs, Palantir Technologies Inc (NYSE: PLTR) went public in September via a direct listing. Shares of Palantir opened for trading at $10 and now trade around $25. Since the IPO, the company has become a perennial favorite of retail traders; Cathie Wood’s ARK Innovation ETF (NASDAQ: ARKK); and investors looking for the next big name in software growth stocks. Palantir’s Business: For readers unfamiliar, Palantir builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company is known for Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors. Palantir Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. The company also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data. Foundry also allows individual users to integrate and analyze the data they need in one place. Palantir Competitor Alteryx: Alteryx Inc (NYSE: AYX) is a software company that provides…
