Shares of Palantir Technologies fell to $23.31 during today's evening trading session. Despite the -2.0% change, the Large-Cap Software company still trades 8.67% above its average analyst target price of $21.45. So there may be further downside for the Software stock. Palantir Technologies has target prices ranging from $9.0 to $35.0 per share, and its average rating is hold.
Palantir Technologies's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.9%. The stock's short ratio is 1.52. The company's insiders own 5.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 41.8%. In conclusion, we believe there is mixed market sentiment regarding Palantir Technologies.
Institutions Invested in Palantir Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 196,834,580 | $4,588,213,954 |
| 2024-03-31 | Blackrock Inc. | 5% | 112,682,563 | $2,626,630,483 |
| 2024-03-31 | Renaissance Technologies, LLC | 2% | 47,355,217 | $1,103,850,082 |
| 2024-03-31 | State Street Corporation | 2% | 40,117,110 | $935,129,812 |
| 2024-03-31 | Geode Capital Management, LLC | 1% | 29,463,428 | $686,792,490 |
| 2024-03-31 | Morgan Stanley | 1% | 18,043,459 | $420,593,019 |
| 2024-03-31 | Sumitomo Mitsui Trust Holdings, Inc. | 1% | 14,571,224 | $339,655,223 |
| 2024-03-31 | Shaw D.E. & Co., Inc. | 1% | 13,482,635 | $314,280,214 |
| 2024-03-31 | ARK Investment Management, LLC | 1% | 12,745,476 | $297,097,038 |
| 2024-03-31 | Jane Street Group, LLC | 1% | 12,674,700 | $295,447,250 |
