Rep. Gilbert Ray Cisneros, Jr. Acquires Palantir Technologies Inc. (NASDAQ:PLTR) Shares

Key Points

• Rep. Gilbert Cisneros purchased $1,001–$15,000 of Palantir shares on July 17 through a Bank of America trust account, amid other recent purchases and sales across technology, pharmaceutical and financial stocks.
• Palantir reported strong quarterly results, with EPS of $0.41 versus $0.34 expected and revenue of $1.94 billion, up 92.8% year over year. Shares opened at $174.33, while the stock carries a high valuation with a P/E ratio of 149.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $192.19, although elevated valuation, insider selling and concerns about receivables and customer concentration pose risks.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on September 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Palantir Technologies stock on July 17th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Mesabi Trust NYSE: MSB on 7/31/2026.
• Purchased $1,001 - $15,000 in shares of Praxis Precision Medicines NASDAQ: PRAX on 7/30/2026.
• Purchased $15,001 - $50,000 in shares of Alkermes NASDAQ: ALKS on 7/30/2026.
• Sold $15,001 - $50,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 7/30/2026.
• Sold $100,001 - $250,000 in shares of Alibaba Group NYSE: BABA on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of SailPoint NASDAQ: SAIL on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of Glacier Bancorp NYSE: GBCI on 7/21/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 7/21/2026.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $174.33 on Tuesday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The firm's fifty day moving average price is $151.39 and its two-hundred day moving average price is $143.92. The firm has a market capitalization of $418.93 billion, a P/E ratio of 149.00, a PEG ratio of 2.47 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company earned $0.16 EPS. Palantir Technologies's revenue for the quarter was up 92.8% compared to the same quarter last year. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $29,000. Cornerstone Financial Management LLC bought a new stake in Palantir Technologies during the fourth quarter worth $31,000. Wexford Capital LP acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at $36,000. Prudent Man Investment Management Inc. bought a new position in shares of Palantir Technologies in the 4th quarter valued at $35,000. Finally, Monetary Solutions Ltd bought a new position in shares of Palantir Technologies in the 4th quarter valued at $36,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 2,055 shares of Palantir Technologies stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the sale, the insider directly owned 58,171 shares of the company's stock, valued at approximately $10,170,035.93. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Friedman Stat sold 3,032 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $165.00, for a total transaction of $500,280.00. Following the sale, the director directly owned 54,107 shares in the company, valued at $8,927,655. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 721,508 shares of company stock valued at $117,070,093 in the last quarter. 9.53% of the stock is owned by company insiders.

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir’s shares surged about 51% in August after the company delivered better-than-expected earnings, revenue growth of nearly 93%, and an increased full-year outlook. Major customer wins and continued demand for its artificial-intelligence platforms reinforced the bullish narrative. Palantir Surged 51% in August
• Positive Sentiment: Analysts and bullish commentators continue to argue that Palantir can sustain its momentum as its software platforms expand across government and commercial customers. Its forward-deployed engineering model is also being studied by major technology companies, highlighting the potential strategic value of Palantir’s approach. Palantir Stock Could Make a Dramatic Move
• Neutral Sentiment: ARK Invest, led by Cathie Wood, sold roughly $25 million of Palantir shares while reallocating capital toward Rocket Lab, Robinhood, Block and other holdings. The sales may reflect portfolio management rather than a fundamental change in Palantir’s outlook, but they remove a notable source of buying support. Cathie Wood Dumps Palantir Shares
• Negative Sentiment: Michael Burry renewed his criticism that Palantir’s financial profile resembles a consultancy more than a high-margin software company. He pointed to accounts receivable of $1.49 billion, up from $1.04 billion at year-end, and significant exposure to a single customer’s receivables. The warning is particularly relevant given PLTR’s very elevated earnings multiple. Michael Burry’s Palantir Warning
• Negative Sentiment: Reports of insider selling and concerns about public distrust of Palantir’s work with sensitive government and health data add further potential overhangs. UK officials warned that mistrust could reduce NHS research participation, creating reputational and commercial risks. Palantir Shares Following Insider Selling

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Northland Securities set a $200.00 price objective on Palantir Technologies in a research report on Tuesday, August 4th. Phillip Securities raised their price target on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Piper Sandler reiterated an "overweight" rating and issued a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $204.00 target price on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald started coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They issued an "overweight" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Moderate Buy" and a consensus target price of $192.19.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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