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

Key Points

• Rep. Gilbert R. Cisneros Jr. disclosed a sale of $1,001–$15,000 in Palantir Technologies (NASDAQ:PLTR) stock on March 16 from his "150 MAIN STREET TRUST > BANK OF AMERICA" account.
• Palantir shares were trading down about 6.2% amid mixed signals — the company recently beat quarterly EPS and revenue estimates with revenue up ~70% year-over-year, but carries a high valuation (PE ~223) that leaves it sensitive to headlines and market sentiment.
• Large insider sales (notably CEO Alexander Karp’s ~493,025-share sale) and public criticisms (including from Michael Burry) have amplified short-term downside risk, even as some analysts maintain bullish targets (average target ~$197.77, with some as high as $230).

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on April 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Palantir Technologies stock on March 16th. 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):

• Sold $1,001 - $15,000 in shares of MACOM Technology Solutions NASDAQ: MTSI on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of StandardAero NYSE: SARO on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of FirstService NASDAQ: FSV on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Advanced Energy Industries NASDAQ: AEIS on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Flex NASDAQ: FLEX on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of LPL Financial NASDAQ: LPLA on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 3/27/2026.
• Purchased $15,001 - $50,000 in shares of Fabrinet NYSE: FN on 3/27/2026.

Palantir Technologies Trading Down 6.2%

NASDAQ:PLTR opened at $140.76 on Thursday. The company has a market cap of $336.65 billion, a PE ratio of 223.43, a P/E/G ratio of 2.94 and a beta of 1.68. Palantir Technologies Inc. has a twelve month low of $77.27 and a twelve month high of $207.52. The company's 50 day moving average is $144.76 and its two-hundred day moving average is $167.09.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies's revenue was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,232 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the transaction, the insider directly owned 43,108 shares in the company, valued at $5,564,380.64. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the transaction, the insider owned 6,432,258 shares of the company's stock, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,029,879 shares of company stock worth $137,746,253. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies News Summary

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

• Positive Sentiment: DevCon5 investor commentary portrayed Palantir as an active disruptor with product momentum and AIP adoption that can support enterprise expansion. Palantir: DevCon5 Shows A Disruptor, Not The Disrupted
• Positive Sentiment: Ming Tang, NHS data chief, is pushing for a deeper rollout of Palantir’s platform in England and described results as “outstanding,” which supports continued public-sector revenue potential despite political pushback. NHS data chief pushes for deeper rollout of Palantir technology despite outcry
• Positive Sentiment: Some Wall Street coverage remains bullish (one analyst forecasts a $230 target), reinforcing the narrative that Palantir could justify a premium if AIP converts pilots into large deals. Will Palantir Reach $230 Per Share? This Wall Street Analyst Thinks So.
• Neutral Sentiment: Macro-driven premarket strength tied to a ceasefire announcement briefly lifted PLTR earlier in the session, showing the stock remains sensitive to market-wide risk tone. Why Is Palantir Stock Gaining Wednesday?
• Negative Sentiment: Famed investor Michael Burry posted criticisms of Palantir’s competitive stance and disclosed bearish positions; that social-media hit is the immediate sell catalyst and amplified short-term downside pressure. Why Palantir Technologies Stock Tanked on Wednesday
• Negative Sentiment: Analysts and outlets flagged valuation concerns and UK ethical scrutiny (NHS staff boycotts, defense ties), creating an overhang that makes the stock vulnerable to any negative headlines. Palantir Falls 5% While Tech Stocks Climb: Valuation Concerns and UK Scrutiny Weigh on the AI Darling
• Negative Sentiment: One analyst warned against buying the dip, citing Burry’s comments and execution/valuation risk — increasing the chance of continued volatility until clarity around AIP deal conversions arrives. Why Palantir Stock (PLTR) Is Down Today and Why One Analyst Warns Against Jumping In Too Soon

Institutional Trading of Palantir Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Occidental Asset Management LLC lifted its stake in Palantir Technologies by 2.8% during the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company's stock valued at $358,000 after acquiring an additional 53 shares during the period. Gallacher Capital Management LLC lifted its stake in Palantir Technologies by 2.2% during the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company's stock valued at $447,000 after acquiring an additional 53 shares during the period. Bare Financial Services Inc lifted its stake in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after acquiring an additional 55 shares during the period. Lionshead Wealth Management LLC lifted its stake in Palantir Technologies by 0.4% during the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company's stock valued at $2,395,000 after acquiring an additional 56 shares during the period. Finally, Ellenbecker Investment Group lifted its stake in Palantir Technologies by 3.6% during the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company's stock valued at $295,000 after acquiring an additional 57 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Daiwa Securities Group raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a research report on Tuesday, February 10th. Argus raised shares of Palantir Technologies to a "hold" rating in a research report on Monday, February 9th. Wedbush reissued an "outperform" rating and set a $230.00 target price on shares of Palantir Technologies in a research report on Monday, March 16th. Freedom Capital raised shares of Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, February 13th. Finally, Zacks Research downgraded shares of Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $197.77.

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.

Palantir Technologies Company Profile

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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