Palantir Technologies (NASDAQ:PLTR) Stock 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 Trading Down 1.2%

Shares of Palantir Technologies stock traded down $2.11 during trading on Tuesday, hitting $172.22. The stock had a trading volume of 5,975,806 shares, compared to its average volume of 45,301,234. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The firm has a market cap of $413.86 billion, a price-to-earnings ratio of 147.74, a P/E/G ratio of 2.47 and a beta of 1.62. The business’s 50-day moving average is $151.39 and its 200 day moving average is $143.92.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results 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 business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The firm’s revenue was up 92.8% on a year-over-year basis. As a group, equities analysts expect that Palantir Technologies Inc. will post 1.27 EPS for the current year.

Institutional Trading of Palantir Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of PLTR. Guardian Wealth Advisors LLC NC raised its holdings in Palantir Technologies by 67.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after purchasing an additional 4,283 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Palantir Technologies by 6.8% during the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company’s stock valued at $14,092,000 after buying an additional 5,070 shares during the period. Income Insurance Ltd purchased a new position in shares of Palantir Technologies during the fourth quarter valued at about $1,228,000. Schnieders Capital Management LLC. raised its stake in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares in the last quarter. Finally, Pacific Heights Asset Management LLC raised its stake in Palantir Technologies by 4.9% in the fourth quarter. Pacific Heights Asset Management LLC now owns 1,175,000 shares of the company’s stock worth $208,856,000 after buying an additional 55,000 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several research analyst reports. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $204.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Needham & Company LLC set a $215.00 price target on shares of Palantir Technologies in a report on Tuesday, August 11th. Royal Bank Of Canada restated an “underperform” rating and set a $90.00 price objective on shares of Palantir Technologies in a research report on Friday, July 31st. Finally, Roth Capital began coverage on shares of Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.19.

Key Headlines Impacting Palantir Technologies

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

• Positive Sentiment: Sovereign AI partnership: Palantir named Nebius its preferred sovereign AI infrastructure partner. The agreement could expand Palantir’s access to government and regulated-market AI deployments while strengthening its broader AI platform ecosystem. Nebius Just Became Palantir’s Preferred Sovereign AI Infrastructure Partner
• Positive Sentiment: Strong operating momentum: Recent coverage points to Palantir’s strong earnings, raised full-year outlook and major AI-related contracts as the primary reasons it significantly outperformed the technology sector in August. One analyst also upgraded the stock, arguing that Palantir’s role in the AI “meta-compute layer” remains difficult for bears to challenge. Palantir Surged 51% in August Palantir Rating Upgrade
• Neutral Sentiment: Executive messaging supports the AI narrative: CEO Alex Karp said companies should focus less on data leakage and more on losing their competitive advantage, reinforcing Palantir’s positioning as a strategic AI provider. The comments are supportive of the long-term story but do not provide a new financial forecast. Palantir’s Alex Karp on AI Risk
• Negative Sentiment: Valuation and selling pressure: ARK Invest, associated with Cathie Wood, continued reducing its Palantir position and redirected capital toward Rocket Lab and fintech holdings. Separately, reports highlighted substantial insider net selling across Palantir and other AI leaders, which may concern investors after the sharp rally. Cathie Wood Sells Palantir Shares
• Negative Sentiment: Bear-case risks resurfaced: Michael Burry renewed criticism of Palantir’s accounting and argued that its economics may resemble consulting more than high-margin software. Reports also cited customer-concentration and valuation risks, including the possibility of a severe downside if growth expectations weaken. Michael Burry Predicts a Palantir Crash
• Negative Sentiment: Reputational headwinds: A U.K. health minister warned that public mistrust of Palantir could discourage NHS patients from sharing data, potentially complicating government and healthcare deployments. Mistrust of Palantir May Affect NHS Research

Insider Activity at Palantir Technologies

In other news, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Shyam Sankar sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total value of $5,449,500.00. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. This represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 721,508 shares of company stock valued at $117,070,093. 9.53% of the stock is currently owned by corporate insiders.

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.