Palantir Technologies (NASDAQ:PLTR) Stock Acquired Rep. Cleo Fields

Representative Cleo Fields (D-Louisiana) recently bought shares of Palantir Technologies Inc. NASDAQ: PLTR. In a filing disclosed on July 01st, the Representative disclosed that they had bought between $1,001 and $15,000 in Palantir Technologies stock on June 25th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE - FIELDS LAW FIRM 2, LLC" account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of AT&T NYSE: T on 6/30/2025.
• Purchased $100,001 - $250,000 in shares of NVIDIA NASDAQ: NVDA on 6/30/2025.
• Purchased $50,001 - $100,000 in shares of Apple NASDAQ: AAPL on 6/30/2025.
• Purchased $50,001 - $100,000 in shares of Meta Platforms NASDAQ: META on 6/30/2025.
• Purchased $50,001 - $100,000 in shares of Palantir Technologies NASDAQ: PLTR on 6/30/2025.
• Purchased $50,001 - $100,000 in shares of Cisco Systems NASDAQ: CSCO on 6/30/2025.
• Purchased $15,001 - $50,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 6/30/2025.
• Sold $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 6/30/2025.
• Purchased $100,001 - $250,000 in shares of Amazon.com NASDAQ: AMZN on 6/30/2025.
• Purchased $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 6/30/2025.

Palantir Technologies Stock Up 2.0%

NASDAQ:PLTR traded up $3.08 during trading hours on Thursday, hitting $153.99. 60,015,005 shares of the company's stock traded hands, compared to its average volume of 83,413,138. The business's fifty day simple moving average is $132.92 and its two-hundred day simple moving average is $105.08. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $155.65. The firm has a market cap of $363.40 billion, a P/E ratio of 669.52, a P/E/G ratio of 12.68 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PLTR. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $116.00 to $135.00 in a research note on Wednesday. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price for the company. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Finally, Wedbush set a $160.00 price objective on Palantir Technologies in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average price target of $91.37.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Christensen King & Associates Investment Services Inc. grew its position in shares of Palantir Technologies by 1.3% during the second quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company's stock valued at $747,000 after purchasing an additional 72 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Palantir Technologies by 1.0% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company's stock valued at $1,007,000 after acquiring an additional 73 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Palantir Technologies by 3.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,412 shares of the company's stock valued at $329,000 after acquiring an additional 80 shares during the last quarter. Oxinas Partners Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 2.7% in the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 3,010 shares of the company's stock valued at $410,000 after acquiring an additional 80 shares during the last quarter. Finally, Optima Capital LLC lifted its holdings in shares of Palantir Technologies by 0.6% in the 1st quarter. Optima Capital LLC now owns 12,626 shares of the company's stock valued at $1,066,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 30,812 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the completion of the sale, the insider owned 495,497 shares of the company's stock, valued at approximately $62,625,865.83. The trade was a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $812,973,088.62. This represents a 5.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,452,297 shares of company stock worth $186,222,373 in the last quarter. Company insiders own 9.23% of the company's stock.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana's 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026. Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor's degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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