Shares of the leading software company Palantir Technologies (PLTR) have marked a stellar recovery so far this year. For instance, Palantir stock has gained over 285% year-to-date. This impressive gain can be attributed to several factors, including strong Q3 earnings results and its growing demand for its AI solutions across government and commercial sectors.
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Interestingly, Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, is crediting Musk for driving the recent momentum in Palantir shares. Cramer wrote, “Palantir is up a lot because I believe Musk is going to turn to them and say, ‘The Defense Department, it’s yours … get rid of all those people.” With this perspective, it’s a good time to to explore who owns PLTR.
Now, according to TipRanks’ ownership page, public companies and individual investors own 51.10% of Palantir. They are followed by other institutional investors and insiders at 43.9% and 5%, respectively.
Digging Deeper into Palantir’s Ownership Structure
Looking closely at top shareholders, Vanguard owns the highest stake in PLTR at 10.31%. Next up is Vanguard Index Funds, which holds a 9.08% stake in the company.
Among the top ETF holders, Vanguard Total Stock Market ETF (VTI) owns a 2.95% stake in Palantir stock, followed by Vanguard S&P 500 ETF (VOO) with a 2.45% stake.
Moving to Mutual Funds, Vanguard Index Funds holds about 9.08% of PLTR, whereas Fidelity Concord Street Trust owns 0.89% of the stock.
Is PLTR a Good Stock to Buy Now?
Palantir has a Hold consensus rating based on three Buys, seven Holds, and six Sell ratings assigned over the last three months. The average PLTR stock price target of $38.73 implies about 41.36% downside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides PLTR ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of Palantir stock, go to TipRanks’ Stock Analysis page.