Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Palantir Technologies Inc. NASDAQ: PLTR. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Palantir Technologies stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
Palantir Technologies Stock Up 1.2%
Shares of NASDAQ:PLTR traded up $1.58 during midday trading on Wednesday, reaching $129.68. The company's stock had a trading volume of 52,542,030 shares, compared to its average volume of 76,369,111. The firm has a 50 day moving average of $95.75 and a 200-day moving average of $83.36. The firm has a market capitalization of $304.14 billion, a P/E ratio of 682.78, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12-month low of $20.63 and a 12-month high of $133.36.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The business had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business's revenue was up 39.4% compared to the same quarter last year. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.
Insider Activity at Palantir Technologies
In other Palantir Technologies news, insider Heather A. Planishek sold 18,537 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the completion of the sale, the insider now owns 493,469 shares of the company's stock, valued at approximately $50,491,748.08. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the sale, the insider now owns 702,786 shares of the company's stock, valued at approximately $64,958,509.98. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,964,290 shares of company stock worth $250,504,866. 12.93% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
PLTR has been the topic of several recent research reports. 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. Bank of America boosted their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $83.95.
View Our Latest Stock Analysis on Palantir Technologies
Institutional Investors Weigh In On Palantir Technologies
A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Palantir Technologies during the fourth quarter valued at $1,360,191,000. Nuveen LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter valued at about $520,232,000. Goldman Sachs Group Inc. increased its position in shares of Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Palantir Technologies by 504.0% in the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after buying an additional 3,907,022 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Palantir Technologies Company Profile
(
Get Free Report)
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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