Shares of Palantir Technologies rose to $15.05 during today's morning trading session. Despite the 1.4% change, the large-cap Information Technology company still trades 5.64% above its average analyst target price of $14.25. 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 8.2% of its total share float. The stock's short ratio (also called days to cover) is 2.9. 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 | $2,537,837,551 |
| 2023-06-30 | Blackrock Inc. | 5% | 103,052,030 | $1,551,345,249 |
| 2023-06-30 | Renaissance Technologies, LLC | 2% | 39,799,157 | $599,136,505 |
| 2023-06-30 | State Street Corporation | 2% | 35,816,153 | $539,176,363 |
| 2023-06-30 | Shaw D.E. & Co., Inc. | 1% | 29,648,714 | $446,331,737 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 24,863,964 | $374,302,111 |
| 2023-06-30 | Morgan Stanley | 1% | 17,938,731 | $270,049,654 |
| 2023-06-30 | Two Sigma Investments, LP | 1% | 12,348,671 | $185,896,892 |
| 2023-06-30 | Scout Investments, Inc. | 1% | 12,115,130 | $182,381,165 |
| 2023-06-30 | Northern Trust Corporation | 1% | 10,897,673 | $164,053,568 |
