Oakmont Investment Advisors Inc. Takes $386,000 Position in Palantir Technologies Inc. $PLTR

Key Points

• Oakmont Investment Advisors initiated a roughly $386,000 position in Palantir during the second quarter by purchasing 3,310 shares. Institutional investors now own 45.65% of the company.
• Palantir exceeded quarterly expectations, reporting $0.41 in EPS versus the $0.34 consensus and $1.94 billion in revenue, up 92.8% year over year. Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $192.19.
• The stock’s premium valuation remains a key risk: Palantir trades at about 149 times earnings with a market capitalization near $419 billion. Insiders also sold substantial shares recently, though some transactions were conducted under pre-arranged plans to cover tax obligations.

Oakmont Investment Advisors Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,310 shares of the company's stock, valued at approximately $386,000.

Several other large investors have also added to or reduced their stakes in the business. BCGM Wealth Management LLC increased its holdings in Palantir Technologies by 2.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company's stock worth $374,000 after purchasing an additional 64 shares in the last quarter. CYBER HORNET ETFs LLC lifted its holdings in shares of Palantir Technologies by 1.2% in the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company's stock valued at $966,000 after purchasing an additional 65 shares in the last quarter. JDM Financial Group LLC boosted its position in shares of Palantir Technologies by 20.9% during the second quarter. JDM Financial Group LLC now owns 388 shares of the company's stock valued at $45,000 after buying an additional 67 shares during the last quarter. Financial Partners Group Inc boosted its position in shares of Palantir Technologies by 1.8% during the fourth quarter. Financial Partners Group Inc now owns 3,802 shares of the company's stock valued at $676,000 after buying an additional 68 shares during the last quarter. Finally, LifeSteps Financial Inc. grew its holdings in Palantir Technologies by 4.9% during the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company's stock worth $217,000 after buying an additional 69 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Down 4.5%

Shares of Palantir Technologies stock opened at $174.33 on Friday. The business's fifty day simple moving average is $150.22 and its 200 day simple moving average is $143.55. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm has a market capitalization of $418.93 billion, a P/E ratio of 149.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company earned $0.16 EPS. The business's revenue for the quarter was up 92.8% on a year-over-year basis. Analysts predict that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Mizuho increased their price target on Palantir Technologies from $185.00 to $215.00 and gave the company an "outperform" rating in a research report on Tuesday, August 4th. DA Davidson lifted their price objective on shares of Palantir Technologies from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. UBS Group set a $215.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 11th. Wolfe Research initiated coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a "buy" rating on the stock. Finally, Benchmark restated a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Moderate Buy" and an average target price of $192.19.

More Palantir Technologies News

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?

Insider Activity at Palantir Technologies

In related news, insider Jeffrey Buckley sold 2,055 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.83, for a total value of $359,275.65. Following the transaction, the insider directly owned 58,171 shares of the company's stock, valued at approximately $10,170,035.93. The trade was a 3.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, Director Lauren Friedman Stat sold 3,032 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the transaction, the director owned 54,107 shares of the company's stock, valued at approximately $8,927,655. The trade was a 5.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 721,508 shares of company stock valued at $117,070,093 over the last quarter. Corporate insiders own 9.53% of the company's stock.

Palantir Technologies Profile

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.

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