- PLTR shares are modestly lower intraday as the recent AI-led rally cools; macro jitters and valuation debate remain in focus. [1]
- Director Alexander “Alex” Moore disclosed a Form 4 sale of ~20,000 shares (~$4.09M) executed Nov. 3 under a pre‑set 10b5‑1 plan; he still holds ~1.23M shares after the trade. [2]
- Institutional flow: SouthState Corp reported boosting its PLTR position in the latest filing cycle. [3]
- Street reaction remains constructive: Bank of America raised its PLTR price target to $255 post‑earnings; other firms stay positive but caution on valuation. [4]
- Fundamentals still strong: Q3 revenue grew 63% Y/Y to $1.181B; U.S. commercial revenue +121% Y/Y; Q4 sales guided to $1.327–$1.331B. [5]
Today’s market action: valuation hangover meets broader AI wobble
PLTR is easing on Friday, extending a mid‑week pullback that followed record Q3 results. The move comes alongside a broader AI stock wobble and a “risk‑off” tone across U.S. equities, as investors reassess premium multiples in the AI trade. [6]
Fresh filing: Director Alex Moore’s 10b5‑1 sale
A new SEC Form 4 filed late Wednesday shows Director Alexander D. Moore sold a total of ~20,000 Class A shares on Nov. 3 across several price tranches ($202.63–$206.60 weighted‑average ranges). The filing explicitly notes sales were executed under a Rule 10b5‑1 plan adopted Nov. 22, 2024. After the transactions, Moore’s direct holdings total ~1,232,978 shares. Insider sales executed through 10b5‑1 plans are typically pre‑scheduled and do not necessarily signal a change in outlook. [7]
Institutional flows: SouthState adds to PLTR
SouthState Corp disclosed an increase in its PLTR stake in the most recent reporting period, according to a MarketBeat summary of 13F data published today. While the position is small in dollar terms relative to mega‑holders, it adds to the picture of continued institutional participation in the name. [8]
Street still turning the dial up
Following the company’s Q3 beat and raised outlook this week, Bank of America took its price target to $255 and reiterated Buy, citing durable AI monetization and Palantir’s differentiated go‑to‑market motion (AIP bootcamps, forward‑deployed engineers, and ontology‑first deployments). Other bullish notes have maintained high‑$100s to low‑$200s targets, though several analysts continue to flag valuation risk near record highs. [9]
Earnings recap: momentum intact
On Nov. 3, Palantir reported Q3 2025 revenue of $1.181B (+63% Y/Y) and adjusted EPS of $0.21, and guided Q4 revenue to $1.327–$1.331B, lifting full‑year expectations. The company also highlighted U.S. commercial revenue up 121% Y/Y—a metric many on the Street view as the clearest proof of non‑government AI adoption at scale. [10]
Strategic context: contracts and catalysts to watch
- Defense footprint: Over the summer, the U.S. Army consolidated dozens of agreements into an enterprise deal with optionality up to $10B over 10 years, underscoring Palantir’s role in the Army’s data/AI stack. While not a guaranteed purchase amount, the umbrella structure streamlines future call‑offs. [11]
- Allied adoption: NATO moved to acquire an AI‑enabled Maven Smart System variant earlier this year, accelerating fieldable decision‑support tooling across the alliance. [12]
- AI partner ecosystem: A fresh Nvidia–Palantir collaboration is aimed at speeding operational AI in complex domains like logistics—an area investors are monitoring for incremental commercial wins. [13]
Why shares are softer today despite strong prints
- Macro/AI multiple reset: The market is digesting a year of outsized gains in AI leaders; pullbacks can follow even stellar reports. [14]
- Valuation debate: Some coverage highlights extended EV/revenue and P/E multiples versus software peers. Post‑print commentary this week repeatedly flagged this risk even as PTs moved higher. [15]
- Headline sensitivity:Insider sale headlines can weigh in the short run even when pre‑planned under 10b5‑1. The underlying SEC filing indicates a scheduled plan and sizeable remaining ownership. [16]
What could move PLTR next
- Q4 execution vs. lofty guide ($1.327–$1.331B): book‑to‑bill, U.S. commercial adds, and AI platform expansion are the focus. [17]
- Large‑deal cadence under the Army enterprise vehicle and other federal frameworks. [18]
- Commercial AI proof points (AIP deployments, bootcamp conversions, and Nvidia‑assisted use cases) that could support premium multiples—or expose them to compression. [19]
The bottom line
On Nov. 7, 2025, Palantir’s stock is drifting lower as part of a broader AI cooldown and sensitivity to headlines, even as fundamentals and Street targets trend higher post‑Q3. For investors, the tension between surging execution and premium valuation remains the defining narrative into year‑end. [20]
Disclosure: This article is for informational purposes only and does not constitute investment advice. Always do your own research.
References
1. www.bloomberg.com, 2. www.sec.gov, 3. www.marketbeat.com, 4. www.streetinsider.com, 5. www.sec.gov, 6. www.reuters.com, 7. www.sec.gov, 8. www.marketbeat.com, 9. www.streetinsider.com, 10. www.sec.gov, 11. www.reuters.com, 12. www.ft.com, 13. www.reuters.com, 14. www.reuters.com, 15. www.bloomberg.com, 16. www.sec.gov, 17. www.sec.gov, 18. www.reuters.com, 19. www.reuters.com, 20. www.reuters.com
