Palantir’s (PLTR) CEO Alex Karp is attacking Michael Burry and other people shorting his company’s stock after shares of the data analytics company fell 13% over the past week.
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PLTR stock has gotten rocked after it was disclosed that investor Michael Burry, who famously shorted the U.S. housing market prior to the 2008 financial crisis, has placed a short bet against Palantir. A short position is a bet that a stock’s price will decline over a certain period of time.
Karp has come out swinging against Burry and other short sellers, accusing them of “market manipulation.” Karp, who co-founded Palantir in 2003, said in a media interview on Nov. 7 that Burry has taken a position to “screw the whole economy” and hurt “the average person as investors.”
Palantir makes data analytics tools for large companies and government agencies around the world.
Valuation and Stock Sales
The current decline of PLTR stock comes after it has risen 135% this year, making it one of the best-performing stocks of 2025. Burry has taken a short position with Palantir’s stock trading at an exorbitant valuation. Shares are currently trading at 416 times future earnings estimates, which is extremely rich.
Also, Karp himself has been selling large quantities of PLTR stock this year as the share price has moved higher. So far in 2025, the CEO has sold $150 million worth of Palantir stock as it has hit successive all-time highs. Karp’s biggest sale of the year occurred in August, when he sold $60 million of PLTR stock.
Is PLTR Stock a Buy?
The stock of Palantir has a consensus Hold rating among 16 Wall Street analysts. That rating is based on three Buy, 11 Hold, and two Sell recommendations issued in the last three months. The average PLTR price target of $187.87 implies 5.59% upside from current levels.
