Rep. Gilbert Cisneros Sells Palantir Technologies (PLTR) Stock
Gilbert Cisneros, a member of the House, sold Palantir shares worth between $1,001 and $15,000.
Reviewed by automated data checks against the source filing. How we make and check alerts
Rep. Gilbert Cisneros sold between $1,001 and $15,000 of Palantir Technologies Inc. ($PLTR) stock on May 8, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed June 9, 2026.
Since the trade, $PLTR is down 2.8% after 1 week, down 1.0% after 1 month and up 35.0% to date (from the $137.80 close on May 8, 2026).
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Gilbert Cisneros (D-CA)
- Status:
- Member — House
- State/District:
- CA-31
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Jun 9, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Palantir Technologies Inc. ($PLTR) | Sell | May 8, 2026 | $1,001 - $15,000 |
Summary of the filed report, not the original document. Find the original: House financial disclosure search
PLTR
Palantir Technologies Inc.
Key Points
- Gilbert Cisneros sold Palantir shares valued between $1,001 and $15,000 on May 8, 2026.
- Palantir Technologies, trading at $127.98, has a market cap of $306.8 billion and a P/E ratio of 143.8.
- Analysts have mixed ratings on Palantir, with price targets ranging from $90 to $225.
Get $PLTR trade alerts by text
We text you when insiders, Congress or big funds trade $PLTR. Free.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Palantir Technologies Inc. alert may contain errors. Disclosures
On May 8, 2026, Gilbert Cisneros, a member of the U.S. House of Representatives, sold shares of Palantir Technologies Inc. The trade was valued between $1,001 and $15,000, as disclosed in a periodic transaction report filed under the STOCK Act.
Gilbert Cisneros vs. the S&P 500
Hypothetical returns from Gilbert Cisneros's disclosed trades, not real profit or advice. How we model this.
Palantir Technologies Inc. Stock Down 33.4%
Shares of NasdaqGS:PLTR traded at $127.98. Palantir Technologies Inc. boasts a market capitalization of approximately $306.8 billion and a P/E ratio of 143.8. The stock has a 52-week low of $122.68 and a high of $207.52, with a 50-day moving average of $140.01 and a 200-day moving average of $160.58. The company's beta is 1.515, indicating higher volatility compared to the market.
Other Institutional Activity in Palantir Technologies
Among Palantir's institutional investors, BlackRock, Inc. trimmed its stake by 4.3 million shares, leaving it with about 189 million shares valued at $27.6 billion. On the other hand, Vanguard Capital Management LLC significantly increased its holdings, now owning 144.8 million shares worth $21.2 billion. State Street Corp also reduced its position slightly, selling 758,723 shares to hold around 101.6 million shares valued at $14.9 billion. Meanwhile, Geode Capital Management, LLC added 1.67 million shares, bringing its total to 55.9 million shares worth $8.1 billion.
Recent Earnings
Palantir reported revenue of $5.22 billion, reflecting a growth rate of 84.7%. The company achieved a net margin of 43.7% and a return on equity of 32.6%. Earnings per share stood at $0.89. Palantir's next earnings report is anticipated on May 4, 2026.
Insider Buying and Selling at Palantir Technologies Inc.
Recent insider activity at Palantir includes several planned sales by Lauren Elaina Friedman, who sold 1,598 shares at $160 each on June 1, 2026, and 1,667 shares at $150 each on May 29, 2026. Other insiders, including Alexandra Schiff, Eric Woersching, Alexander Moore, and Lauren Elaina Friedman, purchased 2,118 shares each on June 4, 2026.
Analysts Set New Price Targets
On June 5, 2026, Rosenblatt maintained a 'buy' rating with a price target of $225 for Palantir. Citigroup also maintained a 'buy' rating with the same target on May 6, 2026. Argus Research upgraded the stock to 'buy', setting a target of $190. RBC Capital reiterated its 'sell' rating with a $90 target on May 5, 2026. Overall, analysts have a consensus 'buy' rating with an average price target of $183.73, based on 27 opinions.
About Palantir Technologies
Palantir Technologies Inc. is a software company specializing in building and deploying platforms for the intelligence community, aiding in counterterrorism efforts. Headquartered in Aventura, Florida, Palantir provides solutions like Palantir Gotham for defense and Palantir Foundry for data integration and analysis. The company, led by CEO Dr. Alexander C. Karp, employs around 4,395 people and serves clients worldwide.
Bottom Line
Gilbert Cisneros's sale of Palantir shares is part of the regular financial activities disclosed by members of Congress. Investors often track such trades for insights, though they reflect past actions. Palantir continues to be a significant player in the software sector, with a substantial market presence and a diverse range of institutional investors. Analyst opinions vary, reflecting different perspectives on the company's potential.
Related Filing Alerts
Source: Gilbert Cisneros's STOCK Act disclosure on $PLTR (May 8, 2026). Find the original filing: House financial disclosure search. Written by software, not financial advice. How we make alerts