Shares of Palantir Technologies rose to $16.18 during today's afternoon trading session. Despite the 5.0% change, the large-cap Information Technology company still trades 15.21% above its average analyst target price of $14.04. So there may be further downside for the Information Technology stock. Palantir Technologies has target prices ranging from $5.0 to $25.0 per share, and its average rating is hold.
Palantir Technologies has an average level of shares sold short, at 7.2% of its total share float. The stock's short ratio (also called days to cover) is 1.73. The company's insiders own 11.13% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 35.3% of Palantir Technologies's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Palantir Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 8% | 168,582,275 | $2,726,818,169 |
| 2023-06-30 | Blackrock Inc. | 5% | 103,052,030 | $1,666,866,506 |
| 2023-06-30 | Renaissance Technologies, LLC | 2% | 39,799,157 | $643,751,334 |
| 2023-06-30 | State Street Corporation | 2% | 35,816,153 | $579,326,247 |
| 2023-06-30 | Shaw D.E. & Co., Inc. | 1% | 29,648,714 | $479,567,926 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 24,863,964 | $402,174,598 |
| 2023-06-30 | Morgan Stanley | 1% | 17,938,731 | $290,158,960 |
| 2023-06-30 | Two Sigma Investments, LP | 1% | 12,348,671 | $199,739,744 |
| 2023-06-30 | Scout Investments, Inc. | 1% | 12,115,130 | $195,962,218 |
| 2023-06-30 | Northern Trust Corporation | 1% | 10,897,673 | $176,269,852 |
