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
|2023-06-30||Vanguard Group Inc||8%||168,582,275||$2,537,837,551|
|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||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|