Shares of Palantir Technologies rose to $124.19 during today's afternoon trading session. Despite the 6.9% change, the Large-Cap Software company still trades 42.67% above its average analyst target price of $87.05. So there may be further downside for the Software stock. Palantir Technologies has target prices ranging from $18.0 to $125.0 per share, and its average rating is hold.
The stock has an average amount of shares sold short at 2.4%, and a short ratio of 0.46. The company's insiders own 3.67% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 52.6% of Palantir Technologies's shares being owned by this investor type.
Institutions Invested in Palantir Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 10% | 221,460,997 | $27,503,241,758 |
| 2024-12-31 | Blackrock Inc. | 8% | 172,369,075 | $21,406,515,845 |
| 2024-12-31 | State Street Corporation | 4% | 87,326,807 | $10,845,116,374 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 52,074,232 | $6,467,098,999 |
| 2024-12-31 | Morgan Stanley | 1% | 28,836,084 | $3,581,153,342 |
| 2024-12-31 | Renaissance Technologies, LLC | 1% | 22,789,809 | $2,830,266,435 |
| 2024-12-31 | Northern Trust Corporation | 1% | 19,488,465 | $2,420,272,515 |
| 2024-12-31 | NORGES BANK | 1% | 17,984,806 | $2,233,533,101 |
| 2024-12-31 | JPMORGAN CHASE & CO | 1% | 16,273,800 | $2,021,043,261 |
| 2024-12-31 | Bank of America Corporation | 1% | 15,499,980 | $1,924,942,554 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Palantir Technologies.
