Castleark Management LLC Has $7.68 Million Position in Planet Labs PBC $PL

Posted by Stanley Muller on Jun 13th, 2026

Castleark Management LLC boosted its position in Planet Labs PBC (NYSE:PL – Free Report) by 27.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 389,470 shares of the company’s stock after purchasing an additional 84,210 shares during the quarter. Castleark Management LLC’s holdings in Planet Labs PBC were worth $7,680,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group lifted its position in shares of Planet Labs PBC by 13.2% during the 4th quarter. Brooklyn Investment Group now owns 25,360 shares of the company’s stock valued at $504,000 after acquiring an additional 2,961 shares during the period. Orion Porfolio Solutions LLC bought a new stake in shares of Planet Labs PBC during the 4th quarter worth $1,853,000. Cibc World Markets Corp bought a new position in Planet Labs PBC in the fourth quarter valued at about $311,000. Commonwealth Equity Services LLC bought a new position in Planet Labs PBC in the fourth quarter valued at about $274,000. Finally, Groupe la Francaise bought a new position in Planet Labs PBC in the fourth quarter valued at about $246,000. 41.71% of the stock is currently owned by institutional investors.

Planet Labs PBC Price Performance

Planet Labs PBC stock opened at $31.16 on Friday. Planet Labs PBC has a 52 week low of $4.90 and a 52 week high of $51.76. The business has a 50-day simple moving average of $38.99 and a 200 day simple moving average of $28.35. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 1.01. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of -27.34 and a beta of 1.99.

Planet Labs PBC (NYSE:PL – Get Free Report) last posted its earnings results on Thursday, June 4th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The business had revenue of $94.15 million during the quarter, compared to analysts’ expectations of $90.39 million. The firm’s revenue was up 42.1% on a year-over-year basis. On average, research analysts forecast that Planet Labs PBC will post -0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PL shares. Zacks Research downgraded Planet Labs PBC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Craig Hallum lifted their target price on Planet Labs PBC from $36.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Citigroup lifted their price target on Planet Labs PBC from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft set a $38.00 price target on Planet Labs PBC and gave the stock a “buy” rating in a report on Friday, March 27th. Finally, Morgan Stanley boosted their target price on Planet Labs PBC from $26.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 25th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.28.

Check Out Our Latest Research Report on Planet Labs PBC

Key Planet Labs PBC News

Here are the key news stories impacting Planet Labs PBC this week:

Positive Sentiment: Planet Labs is benefiting from a broad rally in space-related stocks as investors rotate into the sector ahead of SpaceX’s highly anticipated IPO. Planet Labs Stock Skyrockets Ahead Of SpaceX’s Friday IPO
Positive Sentiment: Recent commentary says Planet Labs’ strong results and fresh catalysts could offer upside as investors position for the second half of 2025. 3 Stocks With Fresh Catalysts to Watch Before July 4 (PL)
Positive Sentiment: Planet Labs is using its AIRS initiative to connect satellite data with sustainability use cases, which could expand commercial opportunities over time. Planet Labs Uses AIRS Initiative To Link Satellite Data With Sustainability
Neutral Sentiment: Analyst note activity included mixed estimate changes from Northland Securities, reflecting some near-term uncertainty but no major change in the longer-term story. Analysts Offer Insights on Industrial Goods Companies: Bloom Energy (BE), Equifax (EFX) and Planet Labs PBC (PL)
Negative Sentiment: Northland Securities lowered some future EPS estimates for Planet Labs, which could weigh on sentiment by highlighting continued profitability challenges. Analyst estimate updates for Planet Labs PBC (PL)

Insider Activity

In related news, insider Robert H. Schingler sold 73,683 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $35.07, for a total transaction of $2,584,062.81. Following the completion of the transaction, the insider directly owned 256,488 shares in the company, valued at $8,995,034.16. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $35.10, for a total value of $7,020,000.00. Following the transaction, the chief financial officer owned 1,895,162 shares of the company’s stock, valued at approximately $66,520,186.20. The trade was a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.42% of the stock is owned by insiders.

Planet Labs PBC Profile

(Free Report)

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.