Senator John Boozman (Republican-Arkansas) recently bought shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on June 16th, the Senator disclosed that they had bought between $1,001 and $15,000 in Palantir Technologies stock on May 15th.
Senator John Boozman also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSEARCA:XTWO) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSEARCA:XFIV) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of Goldman Sachs Access Treasury 0-1 Year ETF (NYSEARCA:GBIL) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of iShares Agency Bond ETF (NYSEARCA:AGZ) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of iShares MBS ETF (NASDAQ:MBB) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of iShares CMBS ETF (NYSEARCA:CMBS) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of iShares 10-20 Year Treasury Bond ETF (NYSEARCA:TLH) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) on 5/27/2026.
- Purchased $1,001 – $15,000 in shares of Janus Henderson Mortgage-Backed Securities ETF (NYSEARCA:JMBS) on 5/27/2026.
Palantir Technologies Price Performance
NASDAQ PLTR traded down $6.23 during trading on Thursday, hitting $107.27. 39,121,923 shares of the company’s stock traded hands, compared to its average volume of 47,284,414. The stock has a fifty day moving average of $137.11 and a two-hundred day moving average of $151.23. Palantir Technologies Inc. has a 12-month low of $106.37 and a 12-month high of $207.52. The firm has a market cap of $257.17 billion, a P/E ratio of 120.28, a PEG ratio of 1.85 and a beta of 1.53.
Analysts Set New Price Targets
A number of equities research analysts recently commented on PLTR shares. Argus upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Wednesday, May 6th. BTIG Research lowered shares of Palantir Technologies to a “neutral” rating in a report on Tuesday, June 16th. DZ Bank initiated coverage on Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price on the stock. DA Davidson reduced their price target on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Benchmark lowered Palantir Technologies to a “hold” rating in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.76.
Read Our Latest Analysis on Palantir Technologies
Key Stories Impacting Palantir Technologies
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Palantir continues to post strong operating results, including rapid revenue growth and an earnings beat, supporting the long-term growth thesis.
- Positive Sentiment: Analysts remain bullish on the name, with several reports arguing the recent selloff may be overdone and that PLTR could rebound if AI demand stays strong.
- Positive Sentiment: The new partnership with Zeta Global was described by analysts as further validation of Palantir’s enterprise AI platform and could create a new commercial growth avenue.
- Neutral Sentiment: Commentary from market strategists and media outlets continues to debate whether Palantir’s valuation is still too rich after its prior run-up.
- Negative Sentiment: PLTR is in a pronounced downtrend, with repeated mentions of oversold technicals, 52-week lows, and trading below major moving averages.
- Negative Sentiment: Broader weakness in software and AI stocks, along with profit-taking and higher-rate concerns, is weighing on sentiment toward the shares.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in PLTR. Basecamp Wealth Advisors LLC lifted its position in Palantir Technologies by 2.6% during the first quarter. Basecamp Wealth Advisors LLC now owns 8,192 shares of the company’s stock valued at $1,198,000 after buying an additional 205 shares during the period. Redwood Investment Management LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter worth about $1,591,000. Ballast Advisors LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth about $29,000. Wealth High Governance Capital Ltda bought a new position in shares of Palantir Technologies in the 1st quarter worth about $1,024,000. Finally, Wealth High Governance Asset Management Ltda. purchased a new position in Palantir Technologies during the 1st quarter valued at about $879,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.
Insider Buying and Selling at Palantir Technologies
In related news, insider Shyam Sankar sold 165,514 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the sale, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $875,044,378.32. This trade represents a 5.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 927,270 shares of company stock valued at $126,197,785. 9.53% of the stock is currently owned by company insiders.
About Senator Boozman
John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry
Palantir Technologies Company Profile
Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.
Palantir’s product portfolio centers on a small number of core platforms.
See Also
- Five stocks we like better than Palantir Technologies
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
- Getty Images’ OpenAI Deal Gives the Stock a New AI Licensing Story
Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
