Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Palantir Technologies stock on April 14th. 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 $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 5/1/2026.
- Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
- Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
- Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.
Palantir Technologies Trading Up 0.2%
Palantir Technologies stock traded up $0.26 on Friday, hitting $133.99. 32,330,536 shares of the stock traded hands, compared to its average volume of 45,264,368. The firm has a market cap of $321.22 billion, a P/E ratio of 150.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.52. The business’s fifty day simple moving average is $144.62 and its 200 day simple moving average is $159.79. Palantir Technologies Inc. has a 1 year low of $118.93 and a 1 year high of $207.52.
Insider Buying and Selling at Palantir Technologies
In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of the business’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 $2,331,809.36. Following the completion of the transaction, the insider directly owned 392,370 shares in the company, valued at $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 19,988 shares of the business’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 $2,672,795.36. Following the transaction, the insider owned 219,421 shares of the company’s stock, valued at approximately $29,340,976.12. This represents a 8.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,029,479 shares of company stock valued at $137,685,797. 9.53% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Palantir Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the business. KCM Investment Advisors LLC raised its position in Palantir Technologies by 35.3% during the first quarter. KCM Investment Advisors LLC now owns 1,594 shares of the company’s stock valued at $233,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC raised its position in Palantir Technologies by 14.4% during the first quarter. Glen Eagle Advisors LLC now owns 5,446 shares of the company’s stock valued at $797,000 after purchasing an additional 685 shares in the last quarter. Excelsior Advisor Network LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $321,000. Quantinno Capital Management LP raised its position in Palantir Technologies by 10.7% during the first quarter. Quantinno Capital Management LP now owns 1,398,625 shares of the company’s stock valued at $204,591,000 after purchasing an additional 135,388 shares in the last quarter. Finally, Jessup Wealth Management Inc raised its position in Palantir Technologies by 3.4% during the first quarter. Jessup Wealth Management Inc now owns 2,621 shares of the company’s stock valued at $383,000 after purchasing an additional 87 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Mizuho lowered their price objective on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Loop Capital lowered their price target on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Phillip Securities lifted their price target on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Finally, UBS Group lifted their price target on Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.16.
View Our Latest Research Report on PLTR
Palantir Technologies News Summary
Here are the key news stories impacting Palantir Technologies this week:
- Positive Sentiment: Wall Street commentary remains constructive after Palantir’s strong quarterly results, with one brokerage lifting its price target to $230 and keeping a Buy rating, citing the company’s powerful revenue growth and AI momentum. Freedom Broker Lifts Palantir (PLTR) Price Target After Strong Results
- Positive Sentiment: Palantir-linked defense and autonomy demand continues to show up in partner results, as Ondas reported explosive revenue growth and raised guidance, highlighting broader commercial and defense adoption of Palantir-powered technology. Palantir-Backed Ondas Stock Soars. Autonomous Drone Company Sees Revenue Grow 1,065%.
- Positive Sentiment: Several bullish articles argue the recent pullback could be a buying opportunity, with analysts and commentators pointing to Palantir’s rapid revenue growth, rising analyst targets, and long runway in AI and government software. Palantir’s Critics Are “Right”—But They’re Also Still Wrong
- Neutral Sentiment: Media coverage of President Trump’s purchases and public comments on Palantir has increased attention on the stock, but this is more of a sentiment driver than a direct business catalyst. Trump touted Palantir on Truth Social after buying the company’s stock, records show
- Neutral Sentiment: Long-form outlook pieces and “stock price in 2030” predictions are keeping Palantir in the spotlight, but they do not materially change the near-term fundamental picture. This Will Be Palantir Technologies Stock Price in 2030
- Negative Sentiment: Bearish commentary continues to focus on valuation, with some investors arguing Palantir’s premium is too high even after exceptional growth, which may be contributing to the stock’s weakness. Where Will Palantir Stock Be in 5 Years?
- Negative Sentiment: Additional reports note that Palantir is still trading well below recent highs after a strong run, with investors rotating away from software names and some insiders reportedly selling more than buying. Retail traders are trimming holdings of longtime AI favorite Palantir in a pivot from software stocks
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.
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