Palantir Technologies (NASDAQ:PLTR) Shares Purchased Rep. Gilbert Ray Cisneros, Jr.

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 Price Performance

Shares of PLTR stock opened at $174.33 on Tuesday. The business’s fifty day moving average is $151.39 and its 200 day moving average is $143.92. The stock has a market cap of $418.93 billion, a price-to-earnings ratio of 149.00, a PEG ratio of 2.47 and a beta of 1.62. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm earned $0.16 EPS. The company’s revenue was up 92.8% compared to the same quarter last year. Equities research analysts expect that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Mizuho lifted their target price on shares of Palantir Technologies from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Oppenheimer downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. BTIG Research cut shares of Palantir Technologies to a “neutral” rating in a research note on Tuesday, June 16th. Roth Capital began coverage on shares of Palantir Technologies in a research note on Tuesday, August 4th. They set a “buy” rating for the company. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $80.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Moderate Buy” and an average price target of $192.19.

Insider Activity

In other news, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 1,342 shares of Palantir Technologies stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $182.50, for a total transaction of $244,915.00. Following the transaction, the director owned 52,765 shares in the company, valued at approximately $9,629,612.50. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 721,508 shares of company stock worth $117,070,093 in the last quarter. 9.53% of the stock is currently owned by insiders.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Palantir’s shares surged about 51% in August after the company delivered better-than-expected earnings, revenue growth of nearly 93%, and an increased full-year outlook. Major customer wins and continued demand for its artificial-intelligence platforms reinforced the bullish narrative. Palantir Surged 51% in August
• Positive Sentiment: Analysts and bullish commentators continue to argue that Palantir can sustain its momentum as its software platforms expand across government and commercial customers. Its forward-deployed engineering model is also being studied by major technology companies, highlighting the potential strategic value of Palantir’s approach. Palantir Stock Could Make a Dramatic Move
• Neutral Sentiment: ARK Invest, led by Cathie Wood, sold roughly $25 million of Palantir shares while reallocating capital toward Rocket Lab, Robinhood, Block and other holdings. The sales may reflect portfolio management rather than a fundamental change in Palantir’s outlook, but they remove a notable source of buying support. Cathie Wood Dumps Palantir Shares
• Negative Sentiment: Michael Burry renewed his criticism that Palantir’s financial profile resembles a consultancy more than a high-margin software company. He pointed to accounts receivable of $1.49 billion, up from $1.04 billion at year-end, and significant exposure to a single customer’s receivables. The warning is particularly relevant given PLTR’s very elevated earnings multiple. Michael Burry’s Palantir Warning
• Negative Sentiment: Reports of insider selling and concerns about public distrust of Palantir’s work with sensitive government and health data add further potential overhangs. UK officials warned that mistrust could reduce NHS research participation, creating reputational and commercial risks. Palantir Shares Following Insider Selling

Hedge Funds Weigh In On Palantir Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in Palantir Technologies by 11,040.0% during the second quarter. California State Teachers Retirement System now owns 383,800,665 shares of the company’s stock valued at $44,778,024,000 after purchasing an additional 380,355,408 shares during the period. Norges Bank purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $5,149,641,000. Jennison Associates LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $1,574,111,000. Arrowstreet Capital Limited Partnership increased its holdings in Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after acquiring an additional 7,678,747 shares in the last quarter. Finally, State Street Corp increased its holdings in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Hedge funds and other institutional investors own 45.65% 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.