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

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on April 07th, the Representative disclosed that they had bought 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 Stock Performance

Shares of Palantir Technologies stock opened at $130.49 on Friday. The stock has a market capitalization of $312.09 billion, a P/E ratio of 207.13, a P/E/G ratio of 2.79 and a beta of 1.68. Palantir Technologies Inc. has a 52-week low of $84.14 and a 52-week high of $207.52. The stock’s 50-day simple moving average is $144.34 and its 200 day simple moving average is $166.84.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s quarterly revenue was up 70.0% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Key Palantir Technologies News

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

• Positive Sentiment: Wedbush (Dan Ives) calls Burry’s bear case “fictional,” argues Anthropic threat is overblown and labels the sell‑off a buying opportunity — analyst keeps a $230 target. Wedbush says Burry’s Palantir bear case is fictional
• Positive Sentiment: Street‑high price targets and some investors still see large upside (near 100% in one roundup), supporting the “buy the dip” narrative for long‑term bulls. Palantir Stock Forecast 2026 — Street-High Price Target
• Positive Sentiment: Operational tailwinds remain: strong revenue growth, government/defense contracts and customer wins/partnerships (including renewed OEM deals) provide revenue visibility beyond commercial AI hype. Stellantis renews and expands Palantir partnership
• Neutral Sentiment: Some investors and commentators see the pullback as a volatility event tied to headline risk (social media posts, macro headlines) rather than a change in fundamentals — so reaction may be temporary. TipRanks on what spooked investors
• Negative Sentiment: Michael Burry’s posts (one briefly deleted) asserting Anthropic is “eating Palantir’s lunch” sparked a multi‑day selloff that erased billions of market value and intensified sectorwide AI concerns. Palantir stock plunges after Michael Burry comments
• Negative Sentiment: Anthropic’s new models have rattled software/AI names, prompting re‑rating risk across the group — investors worry Palantir’s premium valuation leaves little room for execution or competitive missteps. Anthropic model shocks software stocks
• Negative Sentiment: Valuation scrutiny and regulatory/UK examination of government contracts add risk; several commentaries highlight sky‑high multiples and limited margin for error. Zacks on valuation risk
• Negative Sentiment: High-profile insider sales and intense social‑media scrutiny have amplified downside momentum during the headline cycle. QuiverQuant insider and commentary summary

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bare Financial Services Inc increased its stake in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at about $29,000. Basepoint Wealth LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $29,000. Zeit Capital LLC bought a new position in shares of Palantir Technologies in the second quarter worth approximately $30,000. Finally, Financial Consulate Inc. bought a new position in shares of Palantir Technologies in the third quarter worth approximately $30,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 168,004 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the sale, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This trade represents a 20.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 327,088 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the sale, the insider directly owned 592 shares of the company’s stock, valued at $79,162.24. This represents a 99.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,029,879 shares of company stock valued at $137,746,253 over the last three months. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on PLTR shares. Phillip Securities cut their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Piper Sandler reissued an “overweight” rating and set a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, February 3rd. Benchmark began coverage on Palantir Technologies in a research report on Wednesday, April 1st. They set a “hold” rating on the stock. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, UBS Group boosted their price objective on Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price 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.