Why 1 Insider Just Bet Big on Palantir Near Its All-Time High

In a world flooded with hype about artificial intelligence, few companies have the real-world track record to back it up but Palantir Technologies certainly does. Yet skeptics keep pointing to valuation as overhyped so why is one insider still buying?

Key Points

• Palantir’s 20-year lead in data analytics puts it in a good spot to dominate enterprise AI.

• While the stock trades at a massive premium to earnings, U.S. commercial revenue is growing 71% YoY.

• Former CAO Heather Planishek just bought $1.16M in stock post-tenure, showing strong insider conviction.

A Two-Decade Overnight Success

Palantir already has a 20-year head start on most companies starting to dabble in AI. Originally known for its clandestine work with the U.S. intelligence community, Palantir spent two decades building tools that make sense of sprawling, messy data sets. That expertise has set it up well to entered the AI mainstream.

Its Artificial Intelligence Platform isn’t some bolt-on gimmick but is integrated software that embeds directly into the operating systems of Fortune 500 firms and global governments. The results are visible in bottom lines, and in the day-to-day decisions now being guided by machine intelligence.

But what really sets Palantir apart is the delivery model where decision-makers work side-by-side with Palantir engineers to apply AIP directly to their biggest pain points. These aren’t demos but are crash courses in building real solutions, fast.

Behind the Blowout Numbers

Palantir’s growth hasn’t just been impressive but has been explosive. Q1 revenue surged 39% to $884 million, while earnings jumped 63% year over year. Yet the real story is buried in its U.S. commercial segment, where AIP adoption is accelerating. That division alone grew 71% year over year and 19% sequentially.

Customer count in the U.S. commercial arm is up 65%, and the company’s remaining deal value, signed contracts not yet counted as revenue, exploded by 127%. So if everything seems so good what’s the problem?

Palantir now trades at over 535x earnings, a number that would normally send value investors scurrying. But this is a company with a near-monopoly in certain niches, such as secure, scalable AI for governments and highly regulated industries.

Even at nosebleed valuations, some investors are still backing up the truck. One of them is Heather Planishek, Palantir’s former Chief Accounting Officer. In a recent filing, she disclosed a $1.16 million personal stock purchase—at a price near Palantir’s all-time high.

The Bull Case, From Wall Street to Main Street

Wedbush analyst Dan Ives sees Palantir’s market cap tripling to $1 trillion within the next 2–3 years. It’s a bold call, but not without precedent. CEO Alex Karp’s firm has grown by over 13x since going public.

Critically, Palantir has flipped the switch from being a government-heavy name to one with rapidly growing commercial exposure. That pivot is what gives the bull case legs.

There’s also a hidden moat few talk about which is Palantir’s software isn’t just technically complex but is operationally embedded. Once integrated, it becomes the connective tissue of a company’s operations. Switching to a rival isn’t a lift-and-shift. It’s brain surgery.

So while Palantir is expensive by conventional metrics it also enjoys an unconventional moat and for those with a long-term view, it may still have a long way to run over the coming decade.