Marjorie Taylor Greene purchased Palantir shares shortly before ICE contract approval

At the tail end of April 2025, a rumor emerged that U.S. Rep. Marjorie Taylor Greene, a Republican representing Georgia, had acquired shares of Palantir Technologies, a company specializing in data analytics platforms for intelligence collection and surveillance, shortly before the announcement of a $30 million contract being awarded to the company by U.S. Immigration and Customs Enforcement (ICE).

One keen observer highlighted the news, emphasizing Greene’s position on the House Committee on Homeland Security, which directly oversees ICE, and notably pointed out that Palantir’s stock prices had surged post-Greene’s investment. A viral post sharing this revelation garnered a substantial 4.4 million views and 29,000 likes, with further corroboration from other sources.

Subsequent scrutiny of Greene’s financial disclosures confirmed the acquisition of Palantir stock under her name in the early days of April, just prior to ICE’s contract announcement with the tech company. The stocks’ value had escalated by a notable 60% following Greene’s purchase up to the date of May 2, 2025, corroborating the initial claim.

While these findings support the claim, the question remains as to whether Greene personally executed these transactions or if they were conducted by a designated portfolio manager. The motivation behind these acquisitions also remains unclear, raising questions regarding advanced knowledge of the impending ICE deal.

Inquiries directed to Greene’s office for further details on the Palantir trades are pending, awaiting a potential response from her staff. According to Capitol Trades, a comprehensive database monitoring trades of elected officials, Greene made Palantir acquisitions on April 7 and 8, 2025. The details reveal she procured shares valued between $1,000 to $15,000 at prices of $77.32 and $92.01 per share, subsequently witnessing a surge in stock valuation to $124 per share by May 2, 2025.

Records on the Federal Procurement Data System disclose that ICE engaged Palantir on April 11, 2025, for a specialized surveillance system designed for deportation prioritization based on criminal activity and overstayed visas. This contract, valued at $29,898,236, was publicly disclosed on April 17, 2025, continuing a working relationship established in 2022.

Implications suggesting Greene’s trades may have breached insider trading guidelines remain unsubstantiated, warranting further verification regarding her involvement or awareness of the ICE pact. Despite her committee affiliation with Homeland Security, Greene’s role specifically pertains to overseeing intelligence and counterterrorism activities, differentiating from ICE purview.

Insider trading regulations, as specified by the U.S. Securities Exchange Act of 1934, prohibit the exploitation of non-public, market-influencing information without public disclosure, placing emphasis on establishing intent for potential legal ramifications.

Looking ahead, Palantir’s impending first-quarter financial results slated for May 5, 2025, have analysts projecting a 36% gain in earnings compared to the prior year’s figures, potentially reshaping the narrative surrounding Greene’s investment decisions.