Shares of Palantir Technologies (PLTR 5.81%) are falling today despite gains for the more comprehensive market.

Shares of Palantir Technologies (PLTR 5.81%) are falling today regardless of gains for the more comprehensive market. The company’s stock was down about 4.8% since 12:40 p.m. ET Wednesday combined with the statement of a brand-new collaboration with Jacobs Design Team (J 0.14% ). On the other hand, Jacobs’ share rate was up roughly 2.8%.

Palantir stock quote┬áhas actually been unstable in current months and also has actually seen specifically stormy trading following its fourth-quarter record in mid-February, so it’s challenging to claim how much of today’s motion is attached to the information of the Jacobs partnership or various other catalysts at play.

It’s possible that some financiers see partnering with Jacobs– as opposed to producing internally developed, fully possessed options– as a negative indication concerning the business’s development potential customers.

A chart line and arrowhead relocating down.
Picture resource: Getty Images.

So what
Jacobs published a press release today announcing that it had actually formed a collaboration with Palantir to develop information and also technology solutions for the infrastructure and also nationwide protection markets. The very first software program created by the partners will certainly be a data-analytics offering for public- and private-sector customers in water-infrastructure solutions. It will certainly concentrate on utilizing information evaluation to boost the procedure as well as upkeep of water as well as wastewater therapy plants.

That hardly seems like problem in its own right, however capitalists could be drawing negative reasonings about what the partnership recommends concerning Palantir’s capacities and growth overview.

Palantir stock has actually slid roughly 17% since the firm reported its fourth-quarter results on Feb. 17. It managed to expand earnings 34% year over year to reach $433 million, however financiers were generally dissatisfied to see earnings from federal government clients grow only 26% year over year in the period.

Rather than checking out the new partnership with Jacobs as a chance to accelerate development in the infrastructure-services space, it appears the marketplace could be disappointed that Palantir isn’t readying solutions on its own or working with another potential partner.

Palantir currently has a market capitalization of about $24 billion and also is valued about 12 times this year’s expected sales and also 59 times expected modified revenues.