180 Wealth Advisors LLC Sells 6,774 Shares of Planet Labs PBC $PL

180 Wealth Advisors LLC trimmed its position in Planet Labs PBC (NYSE:PL) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 145,918 shares of the company’s stock after selling 6,774 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Planet Labs PBC were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp raised its holdings in shares of Planet Labs PBC by 32.1% in the 1st quarter. Mackenzie Financial Corp now owns 13,364 shares of the company’s stock valued at $45,000 after purchasing an additional 3,245 shares during the period. Rhumbline Advisers grew its stake in Planet Labs PBC by 2.3% in the 1st quarter. Rhumbline Advisers now owns 293,950 shares of the company’s stock valued at $994,000 after buying an additional 6,692 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Planet Labs PBC by 143.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 13,249 shares of the company’s stock valued at $45,000 after buying an additional 7,799 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Planet Labs PBC by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company’s stock valued at $442,000 after buying an additional 8,143 shares during the last quarter. Finally, Iron Gate Global Advisors LLC acquired a new position in Planet Labs PBC in the 1st quarter valued at about $36,000. 41.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Wednesday, October 8th. Needham & Company LLC upped their price target on shares of Planet Labs PBC from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Monday. JMP Securities reiterated a “market perform” rating on shares of Planet Labs PBC in a research note on Tuesday. Wedbush upped their price target on shares of Planet Labs PBC from $11.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Planet Labs PBC from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Planet Labs PBC presently has an average rating of “Moderate Buy” and a consensus price target of $11.26.

Insider Activity

In related news, insider Robert H. Schingler sold 81,656 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $15.50, for a total value of $1,265,668.00. Following the completion of the transaction, the insider owned 1,288,843 shares of the company’s stock, valued at $19,977,066.50. This represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.53% of the company’s stock.

Planet Labs PBC Stock Up 4.7%

Shares of NYSE:PL opened at $13.57 on Friday. The company’s 50 day moving average price is $10.86 and its two-hundred day moving average price is $7.02. Planet Labs PBC has a 12-month low of $2.18 and a 12-month high of $16.78. The firm has a market cap of $4.18 billion, a PE ratio of -45.22 and a beta of 1.99.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings results on Monday, September 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $73.39 million for the quarter, compared to the consensus estimate of $65.88 million. Planet Labs PBC had a negative return on equity of 20.25% and a negative net margin of 34.46%.The business’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts expect that Planet Labs PBC will post -0.37 EPS for the current year.

Planet Labs PBC Company Profile

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.