Palantir Technologies plummeted to $16.21 per share this afternoon, but it remains 13.79% above its mean target price of $14.25. There may still be room for more downwards movement — even after today's -5.0% drop. Analysts are giving the large-cap Information Technology stock on average rating of hold, with target prices ranging from $5.0 to $25.0 per share.
Palantir Technologies has an average level of shares sold short, at 8.9% of its total share float. The stock's short ratio (also called days to cover) is 3.32. 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 | $2,734,387,664 |
| 2023-06-30 | Blackrock Inc. | 5% | 103,052,030 | $1,671,493,634 |
| 2023-06-30 | Renaissance Technologies, LLC | 2% | 39,799,157 | $645,538,351 |
| 2023-06-30 | State Street Corporation | 2% | 35,816,153 | $580,934,424 |
| 2023-06-30 | Shaw D.E. & Co., Inc. | 1% | 29,648,714 | $480,899,180 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 24,863,964 | $403,291,012 |
| 2023-06-30 | Morgan Stanley | 1% | 17,938,731 | $290,964,425 |
| 2023-06-30 | Two Sigma Investments, LP | 1% | 12,348,671 | $200,294,210 |
| 2023-06-30 | Scout Investments, Inc. | 1% | 12,115,130 | $196,506,198 |
| 2023-06-30 | Northern Trust Corporation | 1% | 10,897,673 | $176,759,167 |
