PLTR
Another vote of confidence
Whittier Trust Co. of Nevada decided Palantir wasn’t spicy enough and raised its stake by 72.2%, bringing its holdings to 67,403 shares worth roughly $12.11 million at quarter end. That’s not exactly “back up the truck” money, but it is the kind of move that says some money managers still want more PLTR in the portfolio.
The valuation roller coaster
Palantir’s latest quarter was the sort of earnings print that keeps the bulls caffeinated: adjusted EPS came in at $0.25 versus $0.23 expected, and revenue hit $1.41 billion, up 70% year over year. Nice. But the stock is still priced like the market expects it to keep doing superhero stuff forever, with a market cap around $341 billion and a P/E north of 226.
The bigger picture
This is why Palantir remains such a weird little giant. The business is growing fast, margins are chunky, and institutions keep nibbling. At the same time, insider selling has been hefty lately — more than 1 million shares over the last 90 days, according to the article — so you’re getting a tug-of-war between “future AI king” and “this thing is already expensive enough to make your eyes water.”
Big picture: when a stock is this richly valued, every extra buyer matters, even if the check isn’t huge. It’s less about one trust company making a splash and more about the ongoing market debate: can Palantir grow into the price tag, or is the price tag already doing a little too much of the heavy lifting?