Planet Labs PBC (NYSE:PL) Stock Price Up 2.1% – Still a Buy?

Posted by George Bondi on Jun 26th, 2026

Shares of Planet Labs PBC (NYSE:PL – Get Free Report) shot up 2.1% on Friday . The company traded as high as $28.69 and last traded at $27.0680. Approximately 43,904,184 shares were traded during mid-day trading, an increase of 219% from the average session volume of 13,744,298 shares. The stock had previously closed at $26.51.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Cantor Fitzgerald boosted their price objective on shares of Planet Labs PBC from $20.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Weiss Ratings upgraded shares of Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Planet Labs PBC in a report on Thursday, June 11th. Northland Securities set a $50.00 price target on shares of Planet Labs PBC in a research report on Friday, June 5th. Finally, Craig Hallum lifted their price objective on Planet Labs PBC from $36.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.11.

Get Our Latest Stock Report on Planet Labs PBC

Planet Labs PBC Stock Up 2.1%

The firm’s 50 day moving average is $37.75 and its two-hundred day moving average is $29.49. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of -23.74 and a beta of 1.99. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 1.01.

Planet Labs PBC (NYSE:PL – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $94.15 million for the quarter, compared to analysts’ expectations of $90.39 million. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 105.29%. The firm’s quarterly revenue was up 42.1% compared to the same quarter last year. On average, sell-side analysts predict that Planet Labs PBC will post -0.92 EPS for the current year.

Insider Buying and Selling at Planet Labs PBC

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

Hedge Funds Weigh In On Planet Labs PBC

A number of large investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. grew its stake in shares of Planet Labs PBC by 40.9% during the 1st quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock valued at $38,000 after buying an additional 395 shares during the period. Wellington Shields & Co. LLC raised its position in shares of Planet Labs PBC by 2.8% in the 4th quarter. Wellington Shields & Co. LLC now owns 15,776 shares of the company’s stock worth $311,000 after buying an additional 435 shares during the period. Xponance LLC boosted its holdings in Planet Labs PBC by 3.1% in the fourth quarter. Xponance LLC now owns 18,656 shares of the company’s stock valued at $368,000 after acquiring an additional 555 shares during the last quarter. Wealthfront Advisers LLC grew its position in Planet Labs PBC by 5.4% during the fourth quarter. Wealthfront Advisers LLC now owns 12,715 shares of the company’s stock valued at $251,000 after acquiring an additional 657 shares during the period. Finally, KBC Group NV grew its position in Planet Labs PBC by 7.1% during the first quarter. KBC Group NV now owns 9,985 shares of the company’s stock valued at $279,000 after acquiring an additional 661 shares during the period. Hedge funds and other institutional investors own 41.71% of the company’s stock.

About Planet Labs PBC

(Get 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.