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

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 Up 8.3 %

PLTR stock opened at $86.24 on Friday. The company has a market cap of $202.26 billion, a PE ratio of 453.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The stock has a 50-day moving average price of $87.83 and a two-hundred day moving average price of $64.98. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.

Hedge Funds Weigh In On Palantir Technologies

Large investors have recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its holdings in shares of Palantir Technologies by 15.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 11,175 shares of the company’s stock valued at $416,000 after buying an additional 1,487 shares during the period. Atria Investments Inc grew its holdings in shares of Palantir Technologies by 7.5% during the third quarter. Atria Investments Inc now owns 55,014 shares of the company’s stock valued at $2,047,000 after purchasing an additional 3,835 shares during the last quarter. XML Financial LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $245,000. Sigma Planning Corp lifted its holdings in shares of Palantir Technologies by 11.1% in the 3rd quarter. Sigma Planning Corp now owns 67,373 shares of the company’s stock worth $2,506,000 after purchasing an additional 6,732 shares during the last quarter. Finally, Baker Avenue Asset Management LP bought a new stake in shares of Palantir Technologies in the 3rd quarter worth approximately $210,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PLTR. UBS Group increased their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Northland Securities increased their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, Wedbush restated an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.45.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $50,497.60. This represents a 99.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. This trade represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,069,785 shares of company stock worth $254,537,238 in the last 90 days. 12.93% of the stock is currently owned by company insiders.

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.