Shares of Palantir Technologies rose to $24.68 during today's morning trading session. Despite the 3.7% change, the Large-Cap Information Technology company still trades 31.92% above its average analyst target price of $18.71. So there may be further downside for the Information Technology stock. Palantir Technologies has target prices ranging from $5.0 to $30.0 per share, and its average rating is hold.
Palantir Technologies has an average level of shares sold short, at 5.3% of its total share float. The stock's short ratio (also called days to cover) is 1.08. The company's insiders own 6.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 41.4% 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 |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 9% | 193,805,263 | $4,783,404,498 |
| 2023-12-31 | Blackrock Inc. | 5% | 112,525,489 | $2,777,297,798 |
| 2023-12-31 | Renaissance Technologies, LLC | 2% | 43,591,426 | $1,075,901,758 |
| 2023-12-31 | State Street Corporation | 2% | 39,842,130 | $983,363,510 |
| 2023-12-31 | Geode Capital Management, LLC | 1% | 28,174,175 | $695,380,885 |
| 2023-12-31 | Jane Street Group, LLC | 1% | 22,025,989 | $543,634,436 |
| 2023-12-31 | Morgan Stanley | 1% | 21,793,001 | $537,883,942 |
| 2023-12-31 | Shaw D.E. & Co., Inc. | 1% | 20,756,567 | $512,303,197 |
| 2023-12-31 | Sumitomo Mitsui Trust Holdings, Inc. | 1% | 12,590,729 | $310,758,071 |
| 2023-12-31 | Legal & General Group PLC | 1% | 11,750,784 | $290,026,969 |
