2,485 Shares in Palantir Technologies Inc. $PLTR Purchased by Oak Grove Capital LLC

Key Points

• Oak Grove Capital LLC initiated a position in Palantir Technologies during the third quarter, purchasing 2,485 shares valued at approximately $465,000. Institutional investors collectively own 45.65% of Palantir’s stock.
• Palantir reported strong operating momentum, including 92.8% year-over-year quarterly revenue growth and earnings that exceeded analyst expectations. Recent analyst sentiment has been broadly positive, with the stock carrying a “Moderate Buy” consensus rating.
• Shares opened near their 52-week high at $209.05, but the valuation remains elevated at a price-to-earnings ratio of 178.68. Recent insider transactions were sales, including sales by executives under pre-arranged plans, adding a potential cautionary signal.

Oak Grove Capital LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,485 shares of the company's stock, valued at approximately $465,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Palantir Technologies by 0.4% in the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company's stock worth $22,146,030,000 after purchasing an additional 757,322 shares in the last quarter. State Street Corp raised its stake in shares of Palantir Technologies by 2.8% during the second quarter. State Street Corp now owns 104,490,468 shares of the company's stock valued at $12,190,903,000 after purchasing an additional 2,863,874 shares in the last quarter. Invesco Ltd. lifted its holdings in Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after purchasing an additional 616,297 shares during the period. Bank of America Corp DE boosted its holdings in shares of Palantir Technologies by 1.0% in the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company's stock valued at $2,219,094,000 after acquiring an additional 180,486 shares in the last quarter. Finally, Amundi boosted its stake in Palantir Technologies by 7.4% during the 2nd quarter. Amundi now owns 17,623,053 shares of the company's stock valued at $2,056,082,000 after purchasing an additional 1,212,653 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target, citing expanding demand for sovereign AI, customized applications and specialized industry software. The firm believes Palantir’s addressable market and competitive advantages can support further outperformance into 2027. Goldman Sachs Upgrades Palantir to Buy
• Positive Sentiment: Barclays initiated coverage at Overweight with a $265 target, adding another bullish analyst signal. The recommendation suggests Palantir’s accelerating commercial adoption and government relationships may justify continued premium growth expectations. Barclays Starts Palantir Coverage
• Positive Sentiment: Investor enthusiasm is also being supported by Palantir’s reported operating momentum: revenue growth was approximately 93% year over year in the latest quarter, while 2026 guidance and U.S. commercial demand have been raised sharply. Commentary around expanding contracts, 157% net dollar retention and potential 2027 revenue well above consensus is strengthening the long-term bull case. Palantir The Next One Trillion Dollar Company
• Neutral Sentiment: Palantir’s rally has pushed the stock near its 52-week high ahead of the expected November 2 earnings report. Investors are increasingly focused on whether management can deliver another strong quarter and sustain its aggressive guidance trajectory.
• Neutral Sentiment: Analyst comparisons with ServiceNow and CrowdStrike highlight Palantir’s faster AI growth and government-driven advantages, but also emphasize that its valuation is substantially richer than many enterprise-software peers.
• Negative Sentiment: Several analysts warn that the stock is overbought after a roughly 60% rally since the August earnings release. With a very high earnings multiple, even a modest slowdown, disappointing guidance or weaker contract activity could trigger a correction. Palantir Correction Risk
• Negative Sentiment: Reported insider activity has consisted entirely of sales over the past six months, including transactions by senior executives. While these sales may be scheduled or compensation-related, they add a cautionary signal at elevated prices. Zacks also moved its stance to Hold, underscoring the valuation debate.

Insider Buying and Selling

In other news, Director Lauren Friedman Stat sold 1,337 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $189.95, for a total transaction of $253,963.15. Following the transaction, the director owned 51,428 shares of the company's stock, valued at approximately $9,768,748.60. This represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander Karp sold 492,348 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the sale, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 536,364 shares of company stock worth $93,083,303 over the last ninety days. 9.53% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

PLTR opened at $209.05 on Friday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $209.58. The business has a 50-day moving average of $178.00 and a 200-day moving average of $150.29. The company has a market capitalization of $502.36 billion, a PE ratio of 178.68, a price-to-earnings-growth ratio of 2.80 and a beta of 1.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $0.16 EPS. Palantir Technologies's quarterly revenue was up 92.8% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLTR. Roth Capital started coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued a "buy" rating for the company. Jefferies Financial Group restated an "underperform" rating and issued a $80.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective on the stock in a research report on Tuesday, August 4th. Wedbush initiated coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "outperform" rating on the stock. Finally, BTIG Research cut Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $198.75.

Palantir Technologies Profile

Palantir Technologies Inc NASDAQ: PLTR develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization's data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

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