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

Representative Cleo Fields (D-Louisiana) recently bought shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on October 30th, the Representative disclosed that they had bought between $15,001 and $50,000 in Palantir Technologies stock on October 10th. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

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

• Purchased $1,001 – $15,000 in shares of IREN (NASDAQ:IREN) on 10/10/2025.
• Purchased $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOG) on 10/10/2025.
• Purchased $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 10/10/2025.
• Purchased $1,001 – $15,000 in shares of CoreWeave (NASDAQ:CRWV) on 10/10/2025.
• Purchased $1,001 – $15,000 in shares of CoreWeave (NASDAQ:CRWV) on 10/9/2025.
• Purchased $15,001 – $50,000 in shares of Oracle (NYSE:ORCL) on 9/23/2025.
• Purchased $1,001 – $15,000 in shares of Opendoor Technologies (NASDAQ:OPEN) on 9/19/2025.
• Purchased $15,001 – $50,000 in shares of Oracle (NYSE:ORCL) on 9/18/2025.
• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 9/17/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 9/17/2025.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $200.47 on Friday. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $204.18. The firm has a market capitalization of $475.58 billion, a price-to-earnings ratio of 668.26, a PEG ratio of 10.87 and a beta of 2.60. The business has a 50-day simple moving average of $174.75 and a 200 day simple moving average of $150.78.

Palantir Technologies (NASDAQ:PLTR) last issued its 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. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the previous year, the company posted $0.09 EPS. The firm’s revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors have recently modified their holdings of the business. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Palantir Technologies in the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies in the first quarter valued at approximately $27,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies in the second quarter valued at approximately $27,000. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 222,878 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 191,720 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,557,750 shares of company stock valued at $239,713,896 over the last quarter. Corporate insiders own 9.23% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research analyst reports. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Citigroup boosted their price objective on Palantir Technologies from $177.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $80.00 to $160.00 in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $142.00.

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.

About Palantir Technologies

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.