Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 6.2% in the morning session after the company announced that it has been granted FedRAMP High Authorization for Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service - Supporting Services (PFCS-SS).

Amidst a seemingly unstoppable bull run, another key insider has joined in and dumped tens of millions of dollars worth of Palantir stock.

Demand for Big Data services is increasing. Palantir, a leader in the field, should benefit. Here are the forecasts and price predictions for PLTR stock.

Investors should expect that some selling pressure will come in the form of short-term profit-taking before year-end. However, any weakness in Palantir will certainly be met with additional buyers as long-term investors are likely to be waiting for an opportunity to buy Palantir stock on a dip.

Palantir Technologies Inc. (NASDAQ:PLTR) disclosed that it has received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS).

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The software company also leads the list of stocks that could be added to the Nasdaq 100 at the end of December.