Shares of Palantir Technologies fell to $17.84 during today's evening trading session. Despite the -2.0% change, the large-cap Information Technology company still trades 15.62% above its average analyst target price of $15.43. 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 6.4% of its total share float. The stock's short ratio (also called days to cover) is 1.7. The company's insiders own 6.88% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 40.0% 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 |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 187,338,667 | $3,342,121,847 |
| 2023-09-30 | Blackrock Inc. | 5% | 105,478,946 | $1,881,744,412 |
| 2023-09-30 | Renaissance Technologies, LLC | 2% | 43,604,653 | $777,907,016 |
| 2023-09-30 | State Street Corporation | 2% | 37,016,638 | $660,376,827 |
| 2023-09-30 | Geode Capital Management, LLC | 1% | 26,484,563 | $472,484,607 |
| 2023-09-30 | Shaw D.E. & Co., Inc. | 1% | 24,240,176 | $432,444,743 |
| 2023-09-30 | Morgan Stanley | 1% | 22,614,555 | $403,443,664 |
| 2023-09-30 | Two Sigma Advisers, LP | 1% | 17,088,200 | $304,853,490 |
| 2023-09-30 | Two Sigma Investments, LP | 1% | 17,004,640 | $303,362,780 |
| 2023-09-30 | Jane Street Group, LLC | 1% | 12,810,672 | $228,542,390 |
