Rep. Julie Johnson Purchases Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Representative Julie Johnson (D-Texas) recently bought shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on March 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Palantir Technologies stock on February 12th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Bank of New York Mellon (NYSE:BK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of The PNC Financial Services Group (NYSE:PNC) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/14/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/14/2025.

Palantir Technologies Trading Down 4.8 %

Shares of Palantir Technologies stock opened at $79.62 on Friday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The company has a market cap of $186.74 billion, a P/E ratio of 419.07, a PEG ratio of 10.84 and a beta of 2.81. The company’s fifty day simple moving average is $87.71 and its two-hundred day simple moving average is $64.59.

Insider Activity

In related news, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now owns 170,273 shares of the company’s stock, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 569,785 shares of company stock valued at $44,474,738 over the last three months. Insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PLTR. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Bank of America lifted their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald increased their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Robert W. Baird upped their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.45.

Institutional Trading of Palantir Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Alpha Wealth Funds LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at $1,118,000. Copia Wealth Management bought a new position in Palantir Technologies during the 4th quarter valued at about $46,000. IronOak Wealth LLC. bought a new position in Palantir Technologies during the 4th quarter valued at about $2,024,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $251,000. Finally, Siemens Fonds Invest GmbH grew its stake in shares of Palantir Technologies by 115.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 46,791 shares of the company’s stock worth $3,611,000 after acquiring an additional 25,074 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.