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

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 $50,001 and $100,000 in Palantir Technologies stock on June 30th. 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 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.
• Purchased $100,001 - $250,000 in shares of Apple NASDAQ: AAPL on 6/30/2025.

Palantir Technologies Trading Down 0.3%

PLTR traded down $0.47 during trading on Friday, hitting $153.52. The stock had a trading volume of 45,673,387 shares, compared to its average volume of 83,425,650. The firm has a market cap of $362.29 billion, a PE ratio of 667.48, a P/E/G ratio of 13.11 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $155.68. The company has a 50 day simple moving average of $134.33 and a 200-day simple moving average of $106.36.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp purchased a new stake in Palantir Technologies in the second quarter worth approximately $23,739,000. AMI Asset Management Corp bought a new position in Palantir Technologies in the second quarter worth $273,000. EWA LLC raised its holdings in Palantir Technologies by 170.9% in the second quarter. EWA LLC now owns 8,255 shares of the company's stock worth $1,125,000 after purchasing an additional 5,208 shares in the last quarter. McGuire Investment Group LLC raised its holdings in Palantir Technologies by 8.8% in the second quarter. McGuire Investment Group LLC now owns 225,830 shares of the company's stock worth $30,785,000 after purchasing an additional 18,191 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC increased its holdings in shares of Palantir Technologies by 8.4% during the second quarter. Warren Street Wealth Advisors LLC now owns 4,174 shares of the company's stock valued at $569,000 after acquiring an additional 323 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider David A. Glazer sold 30,812 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the sale, the insider directly owned 495,497 shares of the company's stock, valued at $62,625,865.83. This trade represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,485,632 shares of company stock valued at $191,222,623. 12.93% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of analyst reports. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Wedbush set a $160.00 price objective on shares of Palantir Technologies in a report on Thursday, July 10th. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Morgan Stanley upped their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, Citigroup upped their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $91.37.

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.