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

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold between $15,001 and $50,000 of Palantir Technologies (NASDAQ:PLTR) stock on March 13 from his "150 MAIN STREET TRUST > BANK OF AMERICA" account.
• Palantir performance: the stock recently traded down to $130.25 after reporting quarterly revenue of $1.41 billion (up 70% YoY) and an EPS beat, but it carries a high P/E (~207) and a consensus analyst rating of "Moderate Buy" with an average target of $197.77.
• Insider selling has been heavy — Alexander Karp and Stephen Cohen sold large blocks (493,025 and 327,088 shares) and insiders disposed of 1,029,879 shares (~$137.7M) over the past 90 days, while institutional investors own about 45.65% of the stock.

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 $15,001 and $50,000 in Palantir Technologies stock on March 13th. 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 Price Performance

NASDAQ PLTR traded down $10.51 during trading hours on Thursday, reaching $130.25. 35,416,378 shares of the stock traded hands, compared to its average volume of 48,706,695. The stock has a 50 day simple moving average of $144.76 and a two-hundred day simple moving average of $167.09. Palantir Technologies Inc. has a 1 year low of $84.14 and a 1 year high of $207.52. The company has a market cap of $311.51 billion, a price-to-earnings ratio of 207.38, a price-to-earnings-growth ratio of 2.94 and a beta of 1.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the business posted $0.14 earnings per share. The company's revenue for the quarter was up 70.0% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Palantir Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bare Financial Services Inc lifted its stake in shares of Palantir Technologies by 54.5% in 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 last quarter. Delos Wealth Advisors LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $29,000. Basepoint Wealth LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $29,000. Zeit Capital LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $30,000. Finally, Financial Consulate Inc. purchased a new position in Palantir Technologies during the 3rd quarter valued at about $30,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research reports. The Goldman Sachs Group lowered their price target on Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Argus upgraded Palantir Technologies to a "hold" rating in a research report on Monday, February 9th. William Blair upgraded Palantir Technologies from a "market perform" rating to an "outperform" rating in a research report on Monday, February 2nd. HSBC upgraded Palantir Technologies from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Tuesday, February 3rd. Finally, Phillip Securities lowered their target price on Palantir Technologies from $208.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $197.77.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 493,025 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $860,507,475.24. The trade was a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 327,088 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider owned 592 shares in the company, valued at approximately $79,162.24. This represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,029,879 shares of company stock worth $137,746,253 over the last 90 days. 9.23% of the stock is owned by insiders.

Palantir Technologies News Roundup

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

• Positive Sentiment: Stellantis renewed and expanded its Palantir partnership to deploy Palantir's data and AI platform across vehicle programs and operations — a meaningful commercial win that supports recurring revenue and enterprise adoption. Stellantis Balances US Model Refreshes With Expanded Palantir AI Push
• Positive Sentiment: Bullish analyst write-ups and price-target pieces (including The Motley Fool and a Wall Street analyst note) argue Palantir could climb toward ~$225–$230 over the next 12 months, reflecting optimism about continued revenue acceleration and enterprise AI demand. Prediction: This Will Be Palantir's Stock Price in 1 Year
• Positive Sentiment: Analysts highlight Palantir’s ontology layer and platform architecture as a durable moat that turns raw enterprise data into actionable AI — a structural advantage that supports higher contract values and stickiness. Analyst Explains Why Ontology Separates Palantir (PLTR) From Peers
• Neutral Sentiment: Conference and product showcases (DevCon5 coverage) portray Palantir as an active innovator in enterprise AI — positive for long-term narrative but not an immediate earnings catalyst. Palantir: DevCon5 Shows A Disruptor, Not The Disrupted
• Negative Sentiment: Michael Burry publicly reiterated a short and warned that Anthropic is capturing enterprise AI share, calling Palantir overvalued — comments that precipitated a sharp decline in the stock and have increased selling pressure. Palantir (PLTR) Stock Tumbles 6% Following Burry’s Anthropic Competition Warning
• Negative Sentiment: Ongoing UK scrutiny and NHS staff pushback over Palantir’s public-sector data work raise reputational and regulatory risks that could complicate renewals or slow public-sector expansion in Europe. NHS data chief pushes for deeper rollout of Palantir technology despite outcry

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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