Palantir CEO has a simple reason company’s stock draws Reddit crowd: ‘We respect the intelligence and the rigor of what is typically called individual investors’

Alex Karp, chief executive of Palantir, on Wednesday said the company respects the retail crowd, which has been mostly bullish on its stock, just as much as it appreciates institutional investors.

“We speak [in] clear English about what we are going to do…because of that we respect the intelligence and the rigor of what is typically called individual investors,” Karp said. Shares of Palantir Technologies PLTR, +1.27% were up 1.6% on Wednesday and have climbed 24% in the past 30 days but only 5.3% in the year to date, FactSet data show.

An outspoken executive, Karp also said that Wall Street analysts tend to poorly understand the company, often in an effort to label it.

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