65,849 Shares in Planet Labs PBC $PL Bought by FirstWave Capital Management LLC

Posted by on Sep 5th, 2026

FirstWave Capital Management LLC bought a new position in shares of Planet Labs PBC (NYSE:PL – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 65,849 shares of the company’s stock, valued at approximately $2,182,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American Capital Advisory LLC acquired a new position in shares of Planet Labs PBC during the 1st quarter valued at about $28,000. Western Wealth Management LLC bought a new stake in shares of Planet Labs PBC during the 1st quarter worth $28,000. Pittenger & Anderson Inc. grew its stake in Planet Labs PBC by 40.9% in 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 last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Planet Labs PBC in the 1st quarter worth $41,000. Finally, Parkside Financial Bank & Trust raised its holdings in Planet Labs PBC by 92.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock worth $31,000 after acquiring an additional 745 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

Trending Headlines about Planet Labs PBC

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

  • Positive Sentiment: Planet posted record fiscal Q2 revenue of $116.1 million, up 58% year over year and well above the $104.5 million consensus estimate. Adjusted earnings of $0.02 per share also exceeded expectations for a $0.02 loss. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
  • Positive Sentiment: Management raised fiscal 2027 guidance and highlighted a satellite-services pipeline exceeding $4 billion, along with accelerating investment in its Owl satellite initiative. These developments support the longer-term growth case. PL Q2 Earnings Call Highlights Satellite Services Expansion
  • Positive Sentiment: Planet announced a seven-figure agreement with a European defense and intelligence customer, adding to investor interest in its government and defense business. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
  • Positive Sentiment: Analyst sentiment improved: Berenberg upgraded Planet to “strong buy,” while Needham maintained a Buy rating despite reducing its price target to $40.
  • Neutral Sentiment: New Street Research upgraded PL from Sell to Neutral with a $22 price target, and Citizens JMP reaffirmed its Market Perform rating, signaling improving but still cautious sentiment. New Street Upgrades Planet Labs PBC to Neutral From Sell
  • Negative Sentiment: Fiscal Q3 revenue guidance of $101 million-$105 million was below the approximately $114 million analyst consensus. The weaker near-term outlook may be prompting selling despite the Q2 beat.

Insiders Place Their Bets

In related news, Director John W. Raymond sold 6,494 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $26.16, for a total transaction of $169,883.04. Following the completion of the sale, the director directly owned 37,114 shares of the company’s stock, valued at $970,902.24. This trade represents a 14.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashley Johnson sold 75,035 shares of the firm’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $1,656,772.80. Following the completion of the sale, the chief financial officer owned 1,132,122 shares of the company’s stock, valued at approximately $24,997,253.76. This trade represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 171,122 shares of company stock valued at $4,148,906. 16.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PL shares. New Street Research upgraded shares of Planet Labs PBC from a “sell” rating to a “neutral” rating in a report on Friday. Zacks Research upgraded Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $36.00 target price on shares of Planet Labs PBC in a report on Monday, June 15th. Craig Hallum set a $35.00 price target on shares of Planet Labs PBC in a report on Friday. Finally, Berenberg Bank initiated coverage on Planet Labs PBC in a research report on Wednesday. They issued a “buy” rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.72.

Get Our Latest Stock Analysis on Planet Labs PBC

Planet Labs PBC Stock Performance

Planet Labs PBC stock opened at $18.12 on Friday. The firm has a market capitalization of $6.46 billion, a P/E ratio of -16.47 and a beta of 2.10. The stock has a fifty day moving average price of $23.66 and a two-hundred day moving average price of $30.03. Planet Labs PBC has a 52-week low of $6.26 and a 52-week high of $51.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.81 and a quick ratio of 2.78.

Planet Labs PBC (NYSE:PL – Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. Planet Labs PBC had a negative net margin of 95.13% and a negative return on equity of 109.97%. The business had revenue of $116.05 million for the quarter, compared to analyst estimates of $104.53 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The firm’s quarterly revenue was up 58.2% compared to the same quarter last year. As a group, analysts anticipate that Planet Labs PBC will post -0.92 EPS for the current fiscal year.

About Planet Labs PBC

(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.

Featured Stories

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Institutional Ownership by Quarter for Planet Labs PBC (NYSE:PL)

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