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 $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 Palantir Technologies stock opened at $130.49 on Friday. The firm has a market cap of $312.09 billion, a PE ratio of 207.13, a P/E/G ratio of 2.79 and a beta of 1.68. The business’s fifty day moving average is $144.34 and its two-hundred day moving average is $166.84. Palantir Technologies Inc. has a fifty-two week low of $84.14 and a fifty-two week high of $207.52.
Key Palantir Technologies News
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
Insider Transactions at Palantir Technologies
In related news, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider directly owned 43,108 shares in the company, valued at approximately $5,564,380.64. This represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 493,025 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,029,879 shares of company stock worth $137,746,253 in the last quarter. 9.23% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research analysts recently weighed in on PLTR shares. Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 target price on the stock in a research report on Wednesday, February 18th. Phillip Securities cut their target price on Palantir Technologies from $208.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Benchmark started coverage on Palantir Technologies in a research report on Wednesday, April 1st. They issued a “hold” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of Palantir Technologies in a research report on Wednesday, March 25th. Finally, William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.77.
Read Our Latest Analysis on Palantir Technologies
Institutional Trading of Palantir Technologies
Several large investors have recently added to or reduced their stakes in the stock. Occidental Asset Management LLC increased its holdings in 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 purchasing an additional 53 shares in the last quarter. Gallacher Capital Management LLC increased its holdings in 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 purchasing an additional 53 shares in the last quarter. Bare Financial Services Inc increased its holdings in 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 purchasing an additional 55 shares in the last quarter. Lionshead Wealth Management LLC increased its holdings in 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 purchasing an additional 56 shares in the last quarter. Finally, Ellenbecker Investment Group increased its holdings in 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 purchasing an additional 57 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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