WCG Wealth Advisors LLC Purchases Shares of 96,749 Palantir Technologies Inc. $PLTR

04 Jun 2026, 12:10 by Michael Walen · The Markets Daily

WCG Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 96,749 shares of the company’s stock, valued at approximately $17,197,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bare Financial Services Inc grew its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $29,000. Morton Brown Family Wealth LLC grew its stake in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. United Financial Planning Group LLC acquired a new stake in shares of Palantir Technologies in the third quarter worth $32,000. Finally, Clayton Financial Group LLC grew its stake in shares of Palantir Technologies by 500.0% in the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total value of $255,680.00. Following the sale, the director owned 55,022 shares in the company, valued at approximately $8,803,520. The trade was a 2.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 165,514 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $87,444,607.44. This represents a 20.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 925,789 shares of company stock worth $126,007,032 in the last three months. Company insiders own 9.53% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $142.20 on Thursday. The stock has a market cap of $340.90 billion, a P/E ratio of 159.78, a price-to-earnings-growth ratio of 2.41 and a beta of 1.53. Palantir Technologies Inc. has a one year low of $118.93 and a one year high of $207.52. The stock has a fifty day moving average price of $141.45 and a 200 day moving average price of $155.22.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 84.7% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 1.18 EPS for the current year.

Key Stories Impacting Palantir Technologies

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

Positive Sentiment: Palantir is still getting credit for major commercial momentum, including a reported long-term AI deal with top law firm Kirkland & Ellis and an extended Foundry partnership with Thomas Cavanagh Construction that could expand Palantir’s reach beyond government clients. Palantir Stock (PLTR) Rises on Major AI Deal with Top Law Firm Kirkland & Ellis
Positive Sentiment: Several bullish articles highlighted Palantir’s strong execution, AI infrastructure positioning, and improving earnings outlook, reinforcing the company’s long-term growth story. Palantir’s AI Infrastructure Momentum: Is PLTR Stock Still a Buy?
Neutral Sentiment: Commentary around technical trading suggests the stock is reacting to key resistance levels and recent volatility rather than a single fundamental catalyst. Palantir Stock Just Got Rejected At A Key Moving Average: Here’s What Could Come Next
Neutral Sentiment: Some recent coverage focused on whether Palantir’s recent strength can continue after a strong earnings report, reflecting ongoing debate about the stock’s next move. Why Is Palantir Technologies (PLTR) Up 12% Since Last Earnings Report?
Negative Sentiment: Valuation concerns remain a major drag, with analysts arguing Palantir’s premium price already assumes aggressive growth and leaves little room for disappointment. Palantir: Strong Execution, But The Budget Ceiling Is Now Visible
Negative Sentiment: Reuters reported UK lawmakers criticized Palantir’s role in public-sector technology, calling it an “unacceptable point of weakness,” which adds regulatory and contract risk to the story. UK lawmakers call Palantir’s role public sector an unacceptable weakness
Negative Sentiment: Insider sales by director Lauren Elaina Friedman Stat also weighed on sentiment, reinforcing fears that some executives may see the stock as fully valued after its sharp run-up. Lauren Elaina Friedman Stat Sells 1,667 Shares of Palantir Technologies (NASDAQ:PLTR) Stock

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLTR. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research note on Thursday, May 21st. Weiss Ratings downgraded shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Phillip Securities raised their price objective on shares of Palantir Technologies from $190.00 to $202.00 in a research note on Monday, May 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a research note on Friday, May 22nd. Finally, Citigroup raised their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $192.76.

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About Palantir Technologies

(Free Report)

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.