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

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Palantir Technologies Inc. (NASDAQ:PLTR). In a filing disclosed on June 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Palantir Technologies stock on May 8th. 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 SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $130.21 on Thursday. Palantir Technologies Inc. has a 52 week low of $122.68 and a 52 week high of $207.52. The stock has a market capitalization of $312.15 billion, a P/E ratio of 146.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.53. The stock has a fifty day moving average of $140.21 and a 200-day moving average of $154.11.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm earned $0.13 EPS. Palantir Technologies’s revenue was up 84.7% on a year-over-year basis. On average, research analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 830 shares of Palantir Technologies stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $137.41, for a total transaction of $114,050.30. Following the sale, the insider directly owned 61,707 shares of the company’s stock, valued at approximately $8,479,158.87. The trade was a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the sale, the insider directly owned 592 shares in the company, valued at approximately $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 925,789 shares of company stock worth $126,007,032. Insiders own 9.53% of the company’s stock.

Key Palantir Technologies News

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

• Positive Sentiment: Palantir’s CEO Alex Karp said enterprise customers are frustrated with frontier AI labs and that many clients “come out screaming” after trying OpenAI and Anthropic, reinforcing the case for Palantir’s AIP platform as a practical enterprise AI layer. Palantir’s Karp says businesses are ‘unhappy’ with the frontier AI labs
• Positive Sentiment: Coverage around Palantir’s AIPCon and recent partnerships, including the Kirkland & Ellis AI platform and the McCarthy Building Companies deal, points to continued customer adoption and expanding commercial use cases. Palantir (PLTR) and McCarthy Building Companies Announce Multi-Year, Multi-Million Dollar Strategic AI Partnership
• Positive Sentiment: Wedbush reportedly reiterated an “Outperform” rating after AIPCon, suggesting some analysts still see upside tied to Palantir’s enterprise AI momentum. Wedbush Gives a Thumbs Up to Palantir’s AIPCon, But I Think AIPCon 2026 Was a Dud for PLTR Stock
• Neutral Sentiment: Alex Karp’s comments about SpaceX and other AI leaders generated headlines, but these remarks are more about industry positioning than a direct business or financial update for Palantir. Palantir CEO Alex Karp Is ‘Rooting For Elon’—And Has Clients ‘Screaming’ About OpenAI, Anthropic
• Neutral Sentiment: Palantir shareholders also backed management and rejected ESG proposals, but the vote is unlikely to move the stock by itself. Palantir Shareholders Back Management, Reject ESG Proposals
• Negative Sentiment: Bearish commentary continues to weigh on sentiment, with articles pointing to Palantir’s still-lofty valuation and Michael Burry’s short position against PLTR as a sign that skepticism around the stock remains elevated. Palantir Stock Has Fallen More Than 35% From Its High. Is This the Pullback Long-Term AI Investors Have Been Waiting For?
• Negative Sentiment: Several recent write-ups say the stock’s pullback reflects valuation concerns and technical weakness, even as the business grows quickly, which may be keeping buyers cautious. Palantir’s AIPCon Shows Why Customers Are Fueling the Bull Case

Institutional Investors Weigh In On Palantir Technologies

Several large investors have recently added to or reduced their stakes in PLTR. Milestone Asset Management LLC boosted its position in Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock valued at $10,763,000 after acquiring an additional 42,173 shares in the last quarter. VCI Wealth Management LLC boosted its position in Palantir Technologies by 42.3% during the 4th quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after acquiring an additional 3,621 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Palantir Technologies by 135.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 540,835 shares of the company’s stock valued at $98,659,000 after acquiring an additional 310,942 shares in the last quarter. Vanguard Group Inc. boosted its position in Palantir Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after acquiring an additional 1,557,828 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Palantir Technologies during the 4th quarter valued at approximately $222,143,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of Palantir Technologies in a report on Friday, June 5th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Palantir Technologies in a report on Friday, June 5th. DZ Bank initiated coverage on Palantir Technologies in a report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 target price for the company. Weiss Ratings cut Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Finally, Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. Two 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

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.