Palantir (PLTR) Stock: Burry Loads Up on Puts While the CTO Offloads $5.4M

TLDR

• Michael Burry bought March 2027 put options on Palantir with strike prices in the low-to-mid $100s, betting on a large drop from current levels near $173.
• Palantir CTO Shyam Sankar sold $5.45 million in stock on August 6, though the sale was made under a pre-planned Rule 10b5-1 agreement.
• Palantir reported Q2 revenue of $1.94 billion, up 94% year over year, beating Wall Street estimates of $1.81 billion.
• Burry’s concern centers on valuation: the stock trades at over 50 times 2026 sales and nearly 100 times free cash flow.
• Wall Street holds a Moderate Buy consensus with an average price target of $197.21, implying about 12.5% upside from current levels.

Michael Burry is back betting against Palantir, and this time he is going further out. Burry disclosed new March 2027 put options on PLTR with strike prices in the low-to-mid $100s, while the stock was trading around $173 in pre-market on Tuesday.

Palantir Technologies Inc., PLTR

That is a big gap. Burry is not looking for a small pullback. He is positioning for a steep decline over the next several months.

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