Oakmont Investment Advisors Inc. Buys Shares of 3,310 Palantir Technologies Inc. $PLTR

Oakmont Investment Advisors Inc. purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,310 shares of the company’s stock, valued at approximately $386,000.

Several other large investors also recently added to or reduced their stakes in the company. Basepoint Wealth LLC bought a new position in Palantir Technologies during the fourth quarter worth about $29,000. Ballast Advisors LLC purchased a new position in shares of Palantir Technologies in the first quarter worth about $29,000. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. Whipplewood Advisors LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at approximately $32,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In related news, Director Lauren Friedman Stat sold 3,032 shares of Palantir Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the sale, the director owned 54,107 shares of the company’s stock, valued at approximately $8,927,655. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.79, for a total value of $86,057,506.92. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 721,508 shares of company stock worth $117,070,093. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Down 4.5%

Shares of NASDAQ:PLTR opened at $174.33 on Friday. The company has a 50 day moving average of $150.22 and a 200 day moving average of $143.55. The stock has a market cap of $418.93 billion, a P/E ratio of 149.00, a P/E/G ratio of 2.58 and a beta of 1.62. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 92.8% compared to the same quarter last year. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Tuesday, August 4th. Piper Sandler restated an “overweight” rating and set a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Palantir Technologies in a report on Friday, July 24th. President Capital upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $25.50 to $133.00 in a research report on Monday, June 29th. Finally, BNP Paribas Exane assumed coverage on Palantir Technologies in a research note on Tuesday, June 16th. They set an “underperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
• Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
• Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
• Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
• Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
• Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.