Rep. Robert Bresnahan, Jr. Purchases Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Palantir Technologies Inc. NASDAQ: PLTR. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Palantir Technologies stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Palantir Technologies Price Performance

NASDAQ:PLTR traded down $1.45 during mid-day trading on Monday, reaching $84.40. The stock had a trading volume of 107,579,634 shares, compared to its average volume of 68,136,553. The stock has a market cap of $197.95 billion, a P/E ratio of 444.23, a PEG ratio of 10.84 and a beta of 2.81. The business's 50 day moving average is $91.98 and its 200 day moving average is $69.53. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Loop Capital reduced their price target on Palantir Technologies from $141.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Wedbush reissued an "outperform" rating and set a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. Northland Securities raised their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Finally, Citigroup upped their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $74.45.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PLTR. Prestige Wealth Management Group LLC boosted its stake in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Roxbury Financial LLC acquired a new position in Palantir Technologies during the 4th quarter worth about $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the 4th quarter worth about $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC raised its position in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 310,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.07, for a total value of $26,991,700.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at $51,545.44. This represents a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company's stock, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Company insiders own 12.93% of the company's stock.

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

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.