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

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 Stock Performance

Palantir Technologies stock traded down $4.00 during mid-day trading on Friday, reaching $126.50. The company’s stock had a trading volume of 87,517,335 shares, compared to its average volume of 50,181,004. The company has a market capitalization of $302.54 billion, a price-to-earnings ratio of 201.27, a price-to-earnings-growth ratio of 2.79 and a beta of 1.68. Palantir Technologies Inc. has a 12 month low of $85.47 and a 12 month high of $207.52. The business’s 50 day simple moving average is $144.34 and its 200 day simple moving average is $166.84.

Palantir Technologies (NASDAQ:PLTR) last released its 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. The business had revenue of $1.41 billion during 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%. The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Key Palantir Technologies News

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

• Positive Sentiment: President Trump publicly praised Palantir’s military/warfighting capabilities, giving the stock a short‑term boost by highlighting the company’s role in defense operations and raising investor attention to its government exposure. Trump Praises Palantir’s War Capabilities
• Positive Sentiment: Defense tailwinds: reporting on Palantir’s expanded Pentagon/Maven work (up to ~$1.3B) and potential multi‑billion Army sourcing reinforces durable government revenue visibility. That supports a defense‑contract premium for PLTR. Pentagon AI Contract and Lobbying
• Positive Sentiment: Analyst support: Wedbush and other bullish brokers have reiterated upside targets (Wedbush $230 PT cited), which can attract dip buyers and institutional interest despite near‑term volatility. Wedbush Reaffirms Outperform
• Neutral Sentiment: Street forecasts and upside cases remain on the table — some street‑high models see large upside, making current weakness a potential buying opportunity for long‑term investors if fundamentals hold. Palantir Stock Forecast 2026
• Neutral Sentiment: Company fundamentals: recent quarterly results showed strong revenue growth and margin expansion, which underpins the bull case — but investors are debating whether that justifies steep multiples. Palantir Fundamental/Customer Growth Context
• Negative Sentiment: Michael Burry renewed his public bearish stance and says he still holds long‑dated puts on PLTR; his comments (and a deleted post) triggered large headline‑driven outflows and contributed to the multi‑day selloff. Michael Burry Still Betting Against Palantir
• Negative Sentiment: AI competition fears: Anthropic’s new Mythos model and broader software‑sector weakness have sparked a selloff that hit Palantir hard, as investors worry simpler/cheaper AI players could erode PLTR’s enterprise moat. Anthropic Model Sparks Software Selloff
• Negative Sentiment: Valuation and insider selling: PLTR trades at rich multiples and recent reporting highlights heavy insider sales and concentrated institutional moves — factors that amplify downside risk if growth cools. QuiverQuant: Insider Sales and Valuation Risks

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PLTR shares. 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. Daiwa Securities Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, February 10th. Truist Financial started coverage on shares of Palantir Technologies in a research report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price objective for the company. UBS Group lifted their price objective on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Finally, Benchmark assumed coverage on shares of Palantir Technologies in a report on Wednesday, April 1st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.77.

Institutional Trading of Palantir Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Occidental Asset Management LLC raised its position in shares of Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after buying an additional 53 shares in the last quarter. Gallacher Capital Management LLC raised its position in shares of Palantir Technologies by 2.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after buying an additional 53 shares in the last quarter. Bare Financial Services Inc raised its position 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 buying an additional 55 shares in the last quarter. Lionshead Wealth Management LLC raised its position in shares of Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after buying an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group raised its position in shares of Palantir Technologies by 3.6% in the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock valued at $295,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 168,004 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 642,786 shares in the company, valued at $85,953,343.92. This represents a 20.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 19,988 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,672,795.36. Following the transaction, the insider owned 219,421 shares of the company’s stock, valued at approximately $29,340,976.12. This represents a 8.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is owned by company insiders.

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.