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

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on September 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Palantir Technologies stock on July 17th. 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 $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Palantir Technologies Stock Performance

PLTR stock opened at $174.33 on Tuesday. The business has a 50-day simple moving average of $151.39 and a two-hundred day simple moving average of $143.92. The company has a market capitalization of $418.93 billion, a P/E ratio of 149.00, a price-to-earnings-growth ratio of 2.47 and a beta of 1.62. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Palantir Technologies

Several large investors have recently made changes to their positions in the business. Basepoint Wealth LLC purchased a new stake in Palantir Technologies during the fourth quarter worth about $29,000. Cornerstone Financial Management LLC bought a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $31,000. Wexford Capital LP purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $36,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $35,000. Finally, Monetary Solutions Ltd bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $36,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies News Summary

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

• Positive Sentiment: Palantir was the standout technology stock in August, gaining roughly 51% after strong quarterly results, major contracts and a higher full-year outlook. The performance has reinforced the bullish case for continued demand for its AI software. Palantir Surged 51% in August
• Positive Sentiment: A Seeking Alpha analyst upgraded Palantir, arguing that its AI platform and “meta-compute layer” give the company a strong competitive position that could limit the downside case. Palantir Rating Upgrade
• Neutral Sentiment: CEO Alex Karp said the key AI risk for businesses is not merely data leakage but the loss of proprietary “alpha,” highlighting Palantir’s focus on helping organizations protect and use strategic information. Alex Karp on AI Risk
• Negative Sentiment: ARK Invest, led by Cathie Wood, continued reducing its Palantir position while reallocating capital to Rocket Lab, Robinhood and other holdings. The selling is a negative technical signal, although it does not necessarily reflect a change in Palantir’s fundamentals. Cathie Wood Cuts Palantir
• Negative Sentiment: Michael Burry’s warning that Palantir could be vulnerable to a severe decline has resurfaced. He questions whether the company’s economics are closer to consulting than high-margin software and points to customer concentration and accounting concerns. Burry’s Palantir Warning
• Negative Sentiment: Reports that insiders at Palantir and other leading AI companies have been substantial net sellers are adding to concerns that the AI rally and Palantir’s premium valuation may be overheated. AI Insider Selling Warning
• Negative Sentiment: UK officials warned that mistrust of Palantir could discourage NHS patients from sharing data, raising reputational and potential public-sector adoption risks. NHS Palantir Data Concerns

Analysts Set New Price Targets

PLTR has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “underperform” rating and set a $90.00 price target on shares of Palantir Technologies in a report on Friday, July 31st. Mizuho lifted their price objective on shares of Palantir Technologies from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Tuesday, August 4th. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, Roth Capital started coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.19.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 2,055 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.83, for a total value of $359,275.65. Following the sale, the insider directly owned 58,171 shares in the company, valued at $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at approximately $1,124,294,375.82. The trade was a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 721,508 shares of company stock worth $117,070,093 in the last ninety days. Company 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.

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.