Rep. Cleo Fields Purchases Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Key Points

• Rep. Cleo Fields (D-Louisiana) purchased between $50,001 and $100,000 in shares of Palantir Technologies Inc. (NASDAQ: PLTR) on August 13th, 2025.
• Palantir's quarterly earnings report revealed a revenue of $1 billion, surpassing estimates and demonstrating a year-over-year growth of 48%.
• Institutional investors hold about 45.65% of Palantir's stock, with significant acquisitions from firms like Norges Bank and Vanguard Group.

Representative Cleo Fields (D-Louisiana) recently bought shares of Palantir Technologies Inc. NASDAQ: PLTR. In a filing disclosed on September 03rd, the Representative disclosed that they had bought between $50,001 and $100,000 in Palantir Technologies stock on August 13th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #2" account.

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

• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/22/2025.
• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/20/2025.
• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 8/15/2025.
• Purchased $50,001 - $100,000 in shares of Amazon.com NASDAQ: AMZN on 8/15/2025.
• Purchased $100,001 - $250,000 in shares of NVIDIA NASDAQ: NVDA on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/15/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 8/14/2025.

Palantir Technologies Stock Performance

PLTR stock opened at $156.14 on Friday. Palantir Technologies Inc. has a 1 year low of $29.50 and a 1 year high of $190.00. The firm has a market cap of $370.42 billion, a P/E ratio of 520.48, a price-to-earnings-growth ratio of 8.73 and a beta of 2.59. The stock has a 50-day simple moving average of $156.55 and a 200-day simple moving average of $124.44.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.Palantir Technologies's revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Institutional Trading of Palantir Technologies

A number of institutional investors have recently added to or reduced their stakes in PLTR. Norges Bank acquired a new stake in Palantir Technologies in the second quarter valued at approximately $3,307,457,000. Kingstone Capital Partners Texas LLC acquired a new position in Palantir Technologies during the 2nd quarter valued at $2,543,888,000. Vanguard Group Inc. raised its stake in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company's stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the last quarter. Nuveen LLC bought a new stake in Palantir Technologies in the 1st quarter valued at $520,232,000. Finally, State Street Corp increased its holdings in Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company's stock valued at $12,879,667,000 after buying an additional 6,097,629 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 9,211 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $155.75, for a total value of $1,434,613.25. Following the sale, the insider owned 343,518 shares of the company's stock, valued at approximately $53,502,928.50. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Buckley sold 2,803 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $157.00, for a total transaction of $440,071.00. Following the completion of the sale, the insider directly owned 50,961 shares in the company, valued at approximately $8,000,877. The trade was a 5.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,990,586 shares of company stock worth $295,423,583. 9.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on PLTR. Wall Street Zen downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Piper Sandler set a $182.00 price target on Palantir Technologies in a research report on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wedbush set a $200.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, DA Davidson set a $170.00 price target on Palantir Technologies and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $136.61.

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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