Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Palantir Technologies Inc. NASDAQ: PLTR. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Palantir Technologies stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" 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
Shares of Palantir Technologies stock traded down $1.45 on Monday, reaching $84.40. 106,783,304 shares of the company were exchanged, compared to its average volume of 68,136,048. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The stock's 50 day moving average price is $91.98 and its 200-day moving average price is $69.53. The company has a market cap of $197.95 billion, a P/E ratio of 444.23, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.
Analyst Ratings Changes
PLTR has been the subject of a number of analyst reports. Mizuho boosted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Robert W. Baird increased their price target 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. DA Davidson increased their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, Baird R W raised Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies presently has an average rating of "Hold" and an average price target of $74.45.
Read Our Latest Research Report on PLTR
Institutional Trading of Palantir Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC grew its holdings in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after acquiring an additional 98 shares during the period. Heritage Wealth Management Inc. CA grew its holdings in Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after purchasing an additional 111 shares during the last quarter. True Wealth Design LLC increased its position in shares of Palantir Technologies by 29.3% in the fourth quarter. True Wealth Design LLC now owns 503 shares of the company's stock valued at $38,000 after buying an additional 114 shares in the last quarter. Westover Capital Advisors LLC grew its stake in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after acquiring an additional 130 shares during the last quarter. Finally, Tritonpoint Wealth LLC increased its holdings in Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock valued at $537,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.
Insiders Place Their Bets
In other news, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at $51,545.44. The trade was a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,379,785 shares of company stock worth $281,528,938. 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
(
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.
Featured Articles
Before you consider Palantir Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.
While Palantir Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
