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 May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Palantir Technologies stock on April 14th. 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 $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.

Palantir Technologies Stock Performance

NASDAQ PLTR traded down $0.89 during trading on Tuesday, hitting $136.00. 38,510,049 shares of the company’s stock traded hands, compared to its average volume of 45,959,324. The stock has a market capitalization of $325.27 billion, a price-to-earnings ratio of 152.81, a PEG ratio of 2.17 and a beta of 1.52. Palantir Technologies Inc. has a 12-month low of $118.93 and a 12-month high of $207.52. The business has a 50 day moving average of $145.58 and a 200-day moving average of $160.69.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company’s revenue was up 84.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Loop Capital dropped their price objective on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Piper Sandler reissued an “overweight” rating and issued a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. The Goldman Sachs Group lowered their price target on shares of Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. DA Davidson lowered their price target on shares of Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Mizuho lowered their price target on shares of Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and an average price target of $195.16.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir expanded its AI and defense cooperation with Ukraine, including deeper use of battlefield data and the Brave1 Dataroom project, reinforcing the company’s growth narrative in defense AI. Palantir Ukraine AI Deal Puts Battlefield Data At Center Of Growth Narrative
• Positive Sentiment: Phillip Securities raised its price target on Palantir and reiterated a bullish view after the company’s strong Q1 results, adding to a cluster of upbeat analyst notes. Analyst Reiterates Buy on Palantir as Explosive Earnings Momentum and AI Traction Drive DCF-Based Price Target Up to $202
• Positive Sentiment: Argus Research said Palantir’s revenue growth is accelerating and raised its outlook, signaling confidence in the company’s post-earnings momentum. Argus Research Highlights Accelerating Revenue Growth at Palantir Technologies
• Neutral Sentiment: Several recent articles frame Palantir as a long-term AI and defense winner, but they mostly reinforce existing optimism rather than introduce a new catalyst. Massive News for Palantir Stock Investors
• Negative Sentiment: Despite strong fundamentals, several reports note that the stock has been under pressure because its valuation is still very demanding and investors may be disappointed when results, however strong, do not exceed sky-high expectations. Should You Really Ignore Palantir’s Steep Valuation and Buy the Stock? Here’s What History Says.
• Negative Sentiment: Another article pointed to renewed scrutiny over Palantir’s NHS data access, which could add reputational or regulatory overhang even if it is not the main trading driver today. Palantir faces renewed scrutiny over NHS data access

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after purchasing an additional 1,557,828 shares during the period. State Street Corp boosted its stake in shares of Palantir Technologies by 1.1% during the fourth quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after purchasing an additional 1,126,418 shares during the period. Geode Capital Management LLC boosted its stake in shares of Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after purchasing an additional 805,047 shares during the period. Norges Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $5,149,641,000. Finally, Invesco Ltd. boosted its stake in shares of Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after purchasing an additional 616,297 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider David A. Glazer sold 17,438 shares of the 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 $2,331,809.36. Following the completion of the sale, the insider owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 168,004 shares of Palantir Technologies 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 completion of 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,029,479 shares of company stock valued at $137,685,797. Corporate insiders own 9.53% of the company’s stock.

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.