While starting off as a data analytics company that catered to the U.S. government, Palantir (NYSE: PLTR) has pivoted to provide its services to the civilian market. Palantir has three main offerings: Foundry, Gotham, and Apollo. Gotham is often used by governments to process real-time information and then present critical data cleanly so those making decisions have the best chance of succeeding.
Alteryx (AYX) acquires Trifacta to ramp up the development of the integrated end-to-end analytics automation platform in cloud computing.
Data analytics stock Palantir Technologies (NYSE: PLTR) dropped 11.8% in December as investors continue to move away from growth stocks with high valuations. Similar stocks, including Splunk (NASDAQ: SPLK) and Alteryx (NYSE: AYX), had very similar charts throughout the month. This indicates that market forces are behind the move, which occurred without any significant news from Palantir.