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

Representative Julie Johnson (D-Texas) recently sold shares of Palantir Technologies Inc. NASDAQ: PLTR. In a filing disclosed on July 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Palantir Technologies stock on June 30th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.

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

• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 6/18/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 6/13/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 5/2/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/30/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/22/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 4/22/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/15/2025.

Palantir Technologies Stock Performance

PLTR stock traded down $0.47 during mid-day trading on Friday, hitting $153.52. 45,673,387 shares of the company were exchanged, compared to its average volume of 83,425,650. The firm has a market cap of $362.29 billion, a P/E ratio of 667.48, a P/E/G ratio of 13.11 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $155.68. The firm's 50 day simple moving average is $134.33 and its 200 day simple moving average is $106.36.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same period last year, the business earned $0.08 earnings per share. The firm's revenue was up 39.4% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the transaction, the insider directly owned 363,755 shares in the company, valued at $54,563,250. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric H. Woersching sold 10,214 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total value of $1,337,523.30. Following the completion of the sale, the director owned 2,348 shares in the company, valued at approximately $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,485,632 shares of company stock worth $191,222,623 in the last quarter. Corporate insiders own 12.93% of the company's stock.

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at about $23,739,000. AMI Asset Management Corp purchased a new stake in Palantir Technologies during the 2nd quarter worth approximately $273,000. EWA LLC increased its stake in Palantir Technologies by 170.9% during the 2nd quarter. EWA LLC now owns 8,255 shares of the company's stock worth $1,125,000 after buying an additional 5,208 shares in the last quarter. McGuire Investment Group LLC increased its stake in Palantir Technologies by 8.8% during the 2nd quarter. McGuire Investment Group LLC now owns 225,830 shares of the company's stock worth $30,785,000 after buying an additional 18,191 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC increased its stake in Palantir Technologies by 8.4% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 4,174 shares of the company's stock worth $569,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on PLTR shares. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $116.00 to $135.00 in a research note on Wednesday. Wedbush set a $160.00 target price on Palantir Technologies in a report on Thursday, July 10th. Morgan Stanley boosted their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group boosted their price target on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Cantor Fitzgerald upped their target price on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating, fifteen 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 has a consensus rating of "Hold" and a consensus target price of $91.37.

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.

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.