Palantir Stock (PLTR) Today, November 28, 2025: Price Action, Q3 Blowout, Michael Burry Puts and Cathie Wood Sales

Palantir Technologies (NASDAQ: PLTR) is closing out November in classic high‑beta fashion: blockbuster growth numbers, a sharp post‑earnings pullback, and a swirl of big‑name investors making bold moves around the stock.

Here’s a deep dive into what’s happening with Palantir stock today, Friday November 28, 2025, and what the latest headlines mean for investors trying to decide whether PLTR is a buy, sell or hold.

Palantir stock price today: modest bounce after a bruising November

As of late Friday morning in New York, Palantir shares are trading around $167–168, up a little over 1% on the day in Black Friday’s shortened, low‑volume session. That’s a small rebound from Wednesday’s close near $165.77, since U.S. markets were closed on Thursday for Thanksgiving. ^[1]

Under the surface, the picture is more volatile:

Down roughly 12–17% in November: Multiple sources put Palantir’s month‑to‑date decline in the low‑to‑mid‑teens, with one MarketWatch/Morningstar summary noting a 17.3% drop for November through Wednesday. ^[2]
Still a massive winner in 2025: Palantir is up about 100–120% year‑to‑date and more than 150% over the last 12 months, far outpacing the broader market. ^[3]
Enormous long‑term run: Over the past five years, total return has been around 500% according to FinanceCharts data. ^[4]
Rich valuation: MarketBeat and other trackers peg Palantir’s market cap around $395–$400 billion with a trailing P/E ratio in the high‑300s and a PEG ratio above 6. ^[5]

So even after a painful November, Palantir is still one of 2025’s top‑performing AI stocks—and one of the most expensive.

The big Palantir headlines on November 28, 2025

A lot hit the tape today. Here are the key storylines driving the conversation around PLTR:

“Are Investors Getting Palantir’s Strong Quarter for Free?” – 24/7 Wall St
Zacks: “AI Earnings Roundup: Palantir Breaks Records”
Institutional reshuffling: stake cuts and huge new positions (MarketBeat)
Big‑name moves: Michael Burry’s puts, Peter Thiel’s Nvidia sale, Cathie Wood trimming PLTR
TipRanks: “PLTR Stock: 3 Bull vs. Bear Cases” (high‑risk, high‑reward)
European coverage: “Palantir Shares Face Mounting Investor Skepticism” (boerse‑global/ad‑hoc‑news)

Let’s unpack what each of these is saying—and how it fits together.

Q3 2025: Palantir’s fundamentals look better than ever

Both Zacks Investment Research and multiple outlets agree: Palantir’s Q3 2025 was one of the strongest quarters in the company’s history. ^[6]

Key numbers (Q3 2025):

Revenue: ≈ $1.18–$1.2 billion, up about 63% year‑over‑year (vs. consensus ≈ $1.09B).
EPS: $0.21 vs. expectations around $0.17 – a clear beat.
U.S. commercial revenue: up 121% YoY, driven by rapid adoption of Palantir’s AI Platform (AIP) among corporate clients. ^[7]
U.S. government revenue: up roughly 52% YoY, continuing Palantir’s long‑standing strength with defense and intelligence agencies. ^[8]
Contract wins: Palantir closed 200+ deals worth at least $1 million, including 91 deals above $5 million and 53 above $10 million, with total contract value reaching about $2.8 billion, a ~340% YoY jump. ^[9]
Customer count: up around 45% YoY, highlighting broadening adoption across industries. ^[10]
Guidance: management issued its strongest sequential revenue growth forecast ever for Q4 (guiding around 61% revenue growth), and raised full‑year outlook for revenue, adjusted operating income, and free cash flow. ^[11]

Trefis notes that Palantir’s last‑twelve‑month revenue growth sits near 47%, with an operating margin above 20% and free cash‑flow margin around 46%, all far ahead of S&P 500 medians. ^[12]

In simple terms: the business is on fire—particularly in U.S. commercial AI, which is exactly where investors wanted to see proof that Palantir can grow beyond government work.

So why did the stock sell off after earnings?

If the numbers are that good, why has the share price fallen so hard this month?

24/7 Wall St highlights the central paradox: despite a great quarter, Palantir has tumbled more than 20% from its early‑November all‑time highs following the earnings report. ^[13]

Several factors appear to be at work:

Valuation was already extreme
- Before the Q3 print, Palantir had rallied over 100% YTD and more than 2,000% since 2023, making it one of the best‑performing AI plays on the market. ^[14]
- With P/E multiples in the 350–400x range and a PEG above 6, even bulls concede a lot of future growth is already priced in. ^[15]
AI sentiment cooled in November
- TipRanks notes that while PLTR is still up ~119% so far this year, the stock has fallen about 12.6% in November as investors began questioning whether AI has entered “bubble” territory. ^[16]
- A MarketWatch/Morningstar roundup placed Palantir among the worst‑performing big tech names this month, down more than 17%. ^[17]
“Perfection” baked in – any wobble hurts
- Seeking Alpha’s latest bearish note argues that the 25%+ post‑earnings sell‑off is not just noise, but the market starting to acknowledge how fragile such a high valuation can be if growth normalizes. ^[18]
- RBC analysts (referenced in that same piece) have flagged the risk that Palantir’s massive U.S. commercial AI contracts might be pulling forward future demand, making it harder to maintain these growth rates later. ^[19]

In other words, the quarter was excellent—but expectations were arguably even higher.

Big‑money moves: Burry’s puts, Thiel’s Nvidia sale, Cathie Wood trims PLTR

Sentiment around Palantir isn’t being driven only by earnings. Several high‑profile investors made attention‑grabbing moves that are influencing how the market views PLTR.

Michael Burry bets against Palantir

The 24/7 Wall St piece notes that Michael Burry, the investor made famous by The Big Short, has purchased put options on Palantir, effectively betting that the stock will fall. ^[20]

That doesn’t mean he’s right—but given his reputation for spotting bubbles, his short position has become a psychological overhang for many retail investors and traders.

Peter Thiel dumps Nvidia and reshuffles his portfolio

A Motley Fool article, re‑published on Nasdaq, reports that Palantir co‑founder Peter Thiel sold his entire Nvidia position (about 537,000 shares) during Q3, raising roughly $93 million at an average price around $174. He also cut Tesla holdings while adding to Microsoft and Apple. ^[21]

While Thiel hasn’t sold his Palantir stake in the same way, his exit from Nvidia—arguably the flagship AI hardware stock—has stirred debate about whether one of the sector’s earliest visionaries is quietly preparing for turbulence in AI valuations.

Cathie Wood’s ARK Invest takes profits in Palantir

On the bullish innovation side, Cathie Wood’s ARK Invest has been one of Palantir’s best‑known institutional champions. However, today’s CoinCentral report shows ARK recently sold about $59 million worth of Palantir shares, alongside trimming a large AMD position. ^[22]

CoinCentral characterizes the Palantir sale as profit‑taking after a huge run, not a vote of no confidence. Wood has publicly stated she does not believe AI is in a bubble, but ARK appears to be rotating some exposure toward mega‑cap platforms like Alphabet and Meta, and adding more crypto‑related plays. ^[23]

Insider selling and big new institutional buyers

MarketBeat highlights two contrasting trends coming out of recent SEC filings: ^[24]

Some institutions are trimming:
- F m Investments LLC reduced its PLTR position by 8.5%, selling 5,319 shares and retaining about 57,550 shares worth roughly $7.8 million. ^[25]
Others are aggressively building stakes:
- Skandinaviska Enskilda Banken AB publ raised its Palantir position by an eye‑popping 9,148% to 462,400 shares (~$63 million).
- Norges Bank, Norway’s sovereign wealth fund, initiated a new stake worth about $3.3 billion. ^[26]
Insiders are net sellers overall:
- Over the last three months, corporate insiders have sold about 1.15 million shares for roughly $186 million, including notable sales by senior executives Jeffrey Buckley and Ryan D. Taylor. Insider ownership now stands near 9.2%. ^[27]

A separate European write‑up notes that CEO Alex Karp has offloaded around $96 million worth of shares via pre‑planned sales, adding to market skepticism even though such sales are common for founders. ^[28]

The takeaway: Palantir is heavily owned by large institutions—some are cashing in gains, others are doubling down—but insider selling and high‑profile shorts are reinforcing the narrative that the stock is “priced for perfection.”

Bull case: why some see Palantir as a core AI winner for 2026 and beyond

Despite the pullback and noisy headlines, many analysts and strategists remain positive on Palantir’s long‑term prospects.

1. Explosive AI‑driven growth

Palantir’s Artificial Intelligence Platform (AIP) is being adopted quickly across U.S. enterprises, with U.S. commercial revenue more than doubling year‑over‑year. ^[29]
Zacks calls Palantir’s Q3 performance “record‑breaking,” highlighting both the sheer number of large deals and the 340% surge in total contract value. ^[30]
A Nasdaq/Motley Fool comparison of Nvidia vs. Palantir argues that the two companies represent complementary sides of the AI arms race: Nvidia provides the hardware (GPUs), while Palantir provides the high‑level software that organizations actually use to turn data into decisions. ^[31]

2. Deep government and defense moat

Palantir remains deeply embedded in U.S. and allied government infrastructure, with a $10 billion, 10‑year U.S. Army contract highlighted as a cornerstone deal by Trefis. ^[32]
These relationships provide recurring, long‑duration revenue that can help anchor the company through economic cycles, even as commercial growth becomes a bigger driver.

3. Strong profitability and cash generation for a “growth stock”

With operating margins above 20% and free‑cash‑flow margins above 40%, Palantir is unusual among hyper‑growth software names in that it already prints substantial profits and cash. ^[33]
Zacks currently assigns Palantir a Rank #2 (Buy), with EPS estimates trending upward after Q3. ^[34]

4. Optionality in international and new verticals

Trefis flags the potential for international commercial AI adoption as a major untapped driver: if Palantir can replicate its U.S. AIP success abroad, revenue could scale well beyond current guidance. ^[35]
Palantir is already expanding into sectors like healthcare, manufacturing, and finance, where the ability to integrate data across siloed systems is critical. ^[36]

Put simply, the bull case says: Palantir looks like one of the clearest software winners of the AI era, with revenues, margins and customer adoption all accelerating at once.

Bear case: valuation, security risks and a growing wall of skepticism

The other side of the debate is getting louder too—and several of today’s headlines amplify that.

1. “Astronomical” valuation and no margin for error

European coverage from boerse‑global/ad‑hoc‑news bluntly describes Palantir’s valuation as “astronomical”, emphasizing a market cap near $400 billion and a P/E ratio of similar magnitude. ^[37]
Trefis notes that Palantir trades at a P/E more than 15x the S&P 500 median (roughly 355x vs 23x), even after the recent pullback. ^[38]
TipRanks calculates a P/E around 387x, calling out valuation as one of the three main bear arguments. ^[39]

When a stock is this expensive, any slowdown in growth—or any macro shock—can cause sharp drawdowns. Palantir’s own history shows that: the stock fell roughly 85% from peak to trough during a prior inflation‑driven sell‑off. ^[40]

2. High‑profile bears and insider selling

Michael Burry’s put options on Palantir are being interpreted by some as a canary in the coal mine for AI valuations. ^[41]
The European article also points to CEO Alex Karp’s significant stock sales and insider transactions above $180 million in recent months, arguing that this adds to “mounting skepticism.” ^[42]
Seeking Alpha’s “Sell”‑rated analysis projects more than 18% downside over the next two years, even using what the author describes as generous assumptions. ^[43]

3. Competitive and security concerns

TipRanks’ bear case highlights several operational risks: ^[44]

Intense competition: Palantir faces both mega‑cap rivals (like Microsoft, Google and Amazon with their cloud AI stacks) and nimble startups. As AI tools become more commoditized, customers may have more alternatives.
Cybersecurity and reliability: The U.S. Army recently flagged serious security flaws in a battlefield communications system co‑developed by Palantir and defense startup Anduril. While such issues can often be fixed, they raise questions about reputational risk and the robustness of mission‑critical deployments.
Political and reputational overhangs: Some analysts argue that Alex Karp’s outspoken political commentary—combined with Palantir’s close ties to defense and intelligence—could make the company a target in polarized environments. ^[45]

4. Analyst consensus: cautious “Hold”

MarketBeat data shows 5 Buy, 17 Hold and 2 Sell ratings, with a consensus rating of “Hold” and an average price target around $172.28. ^[46]
TipRanks similarly reports a Hold consensus, with 3 Buys, 11 Holds and 2 Sells, and an average target near $187.87, implying low‑teens upside from current levels. ^[47]

In other words, Wall Street isn’t screaming “sell”—but it isn’t pounding the table to buy here either.

Is Palantir stock a buy, sell or hold today?

Only you can decide how Palantir fits your portfolio and risk tolerance, but here’s how today’s information stacks up in a concise framework.

What’s working in Palantir’s favor

Fundamentals are outstanding: 60%+ revenue growth, big earnings beats, rising guidance, and strong margins. ^[48]
AI adoption is real, not hype: U.S. commercial AI uptake is surging, and Palantir’s platforms are being used for concrete, high‑value workloads in both government and enterprise. ^[49]
Balance of big holders still net positive: While some funds are trimming, others—including a major sovereign wealth fund—are building very large positions. ^[50]

What’s keeping investors on edge

Valuation remains stretched, even after November’s correction.
High‑profile bears (Burry) and insider sales fuel the perception that “smart money” may be taking the other side of the trade. ^[51]
Security and reputational risks, along with warnings that some growth may be pulled forward, make the story more fragile than the headline revenue numbers suggest. ^[52]

How different types of investors might think about PLTR today

This is general commentary, not personal investment advice:

Aggressive, long‑term growth investors may see November’s pullback as a chance to start or add to a position in a company that could remain a core software winner in AI for years, provided they accept extreme volatility and the possibility of sharp drawdowns.
More conservative or valuation‑sensitive investors may prefer to wait for either:
- a deeper price correction, or
- signs that Palantir’s growth is normalizing while the multiple compresses to a more typical (but still premium) level.
Traders will likely continue to treat PLTR as a high‑beta AI vehicle sensitive to macro news, AI sector sentiment, and any new headlines related to big contract wins, insider activity or prominent investors shifting their stance.

Whatever your angle, it’s hard to dispute that Palantir sits right at the intersection of genuine AI demand and intense valuation risk.

Key takeaways for November 28, 2025

Price: Palantir trades around $167–168, up ~1% on the day but down double‑digits for November, while still up ~100%+ in 2025. ^[53]
Q3 was exceptional: 60%+ revenue growth, a major EPS beat, record contract value and strong guidance all signal powerful business momentum. ^[54]
Big‑name moves cut both ways: Burry’s puts, Thiel’s Nvidia sale, ARK’s profit‑taking and large insider disposals create a wall of worry; at the same time, institutions like Norges Bank are making huge long‑term bets on Palantir. ^[55]
Valuation is the core debate: Bulls argue that Palantir’s growth and cash generation justify a premium; bears say the premium is so extreme that even small disappointments could trigger further downside. ^[56]
Consensus: Most professional analysts currently rate PLTR a Hold, with price targets only modestly above today’s level. ^[57]

As always, if you’re considering Palantir, it’s wise to align any position size with your risk tolerance, time horizon and diversification needs, and treat today’s headlines as one part of a longer, still‑evolving AI story.

Nvidia, Tesla, Palantir among Dan Ives 10 AI stocks to own through the end of 2025

Watch this video on YouTube.

References

Palantir Stock (PLTR) Today, November 28, 2025: Price Action, Q3 Blowout, Michael Burry Puts and Cathie Wood Sales – Is the AI High-Flyer a Buy or Sell?