Rep. Gilbert Ray Cisneros, Jr. Purchases 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 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):

• Purchased $15,001 – $50,000 in shares of Fabrinet (NYSE:FN) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) 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 Charles Schwab (NYSE:SCHW) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 3/27/2026.

Palantir Technologies Stock Down 7.3%

Shares of NASDAQ PLTR opened at $130.49 on Friday. The firm’s 50-day moving average price is $144.34 and its two-hundred day moving average price is $166.84. Palantir Technologies Inc. has a 52-week low of $84.14 and a 52-week high of $207.52. 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 (NASDAQ:PLTR) 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. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 493,025 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were 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. This trade represents a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the firm’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 $43,738,207.36. Following the transaction, the insider owned 592 shares in the company, valued at $79,162.24. This represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. 9.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a report on Thursday, January 22nd. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Benchmark assumed coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a “hold” rating on the stock. Citigroup lifted their price target on Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $197.77.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bare Financial Services Inc increased its stake in shares of Palantir Technologies by 54.5% during the third 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 period. Delos Wealth Advisors LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $29,000. Basepoint Wealth LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $29,000. Zeit Capital LLC acquired a new position in shares of Palantir Technologies during the second quarter valued at approximately $30,000. Finally, Financial Consulate Inc. acquired a new position in shares of Palantir Technologies during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies News Summary

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

• Positive Sentiment: Solid fundamentals and defense/government momentum — analysts and commentators still point to Palantir’s strong revenue growth, entrenched government contracts and strategic partnerships (NATO, Pentagon work, GE Aerospace, Nvidia) that underpin recurring revenue and defense tailwinds. Palantir Technologies Stock (PLTR) Opinions on Michael Burry’s Anthropic Critique
• Positive Sentiment: Commercial partnerships and customer wins remain visible — recent coverage highlights continued commercial traction (DevCon messaging, corporate partners like Stellantis renewing/expanding Palantir deployments) that support long‑term growth assumptions. Stellantis Balances US Model Refreshes With Expanded Palantir AI Push
• Neutral Sentiment: Analyst mix and upcoming results create uncertainty — some analysts remain bullish with high price targets while others warn the valuation is stretched; Q1/earnings and guidance will be market focal points. PLTR’s Valuation Signals AI Optimism, Leaving Little Room for Error
• Negative Sentiment: Competition fears after Anthropic product news — Anthropic’s latest AI model intensified investor worries that lower‑cost, highly capable models could siphon enterprise AI spend away from incumbents like Palantir, triggering a software sector pullback. Anthropic’s Latest AI Model Sends a Shockwave Through Software Stocks
• Negative Sentiment: Michael Burry’s public critique and renewed short commentary — Burry’s posts calling Palantir overvalued and saying “Anthropic is eating its lunch” amplified selling pressure and social media discussion, provoking outsized intraday moves. Palantir stock plunges after ‘Big Short’ investor Michael Burry says Anthropic is eating its lunch
• Negative Sentiment: Sector / ETF spillover and valuation concerns — the IGV ETF and other software names fell alongside PLTR as investors rotated on perceived winners; commentators note Palantir’s premium multiples leave little room for execution or competitive missteps. IGV ETF Hit By Palantir Rout As Anthropic Reshapes Enterprise AI Spending

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.