Hsbc Holdings PLC Purchases New Shares in Planet Labs PBC $PL

Posted by Stanley Muller on Jul 9th, 2026

Hsbc Holdings PLC acquired a new stake in Planet Labs PBC (NYSE:PL – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 422,185 shares of the company’s stock, valued at approximately $8,457,000.

A number of other large investors have also modified their holdings of PL. Parkside Financial Bank & Trust boosted its stake in shares of Planet Labs PBC by 92.5% during 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 in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Planet Labs PBC during the 4th quarter valued at about $32,000. Larson Financial Group LLC purchased a new position in shares of Planet Labs PBC in the 3rd quarter valued at about $39,000. GAMMA Investing LLC increased its stake in shares of Planet Labs PBC by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock valued at $40,000 after purchasing an additional 1,195 shares in the last quarter. Finally, North Star Investment Management Corp. raised its holdings in Planet Labs PBC by 1,111.1% in the 4th quarter. North Star Investment Management Corp. now owns 2,180 shares of the company’s stock worth $43,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

Planet Labs PBC Stock Down 3.2%

PL opened at $27.73 on Thursday. Planet Labs PBC has a twelve month low of $5.87 and a twelve month high of $51.76. 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 company has a 50-day moving average price of $36.47 and a 200 day moving average price of $30.39. The company has a market cap of $9.88 billion, a PE ratio of -24.32 and a beta of 2.06.

Planet Labs PBC (NYSE:PL – Get Free Report) last posted its quarterly earnings data 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. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The company had revenue of $94.15 million for the quarter, compared to analysts’ expectations of $90.39 million. Planet Labs PBC’s revenue was up 42.1% on a year-over-year basis. Sell-side analysts expect that Planet Labs PBC will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PL. Craig Hallum increased their price target 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. Morgan Stanley boosted their price objective on Planet Labs PBC from $26.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 25th. Wedbush started coverage on Planet Labs PBC in a research note on Wednesday, July 1st. They set an “outperform” rating and a $50.00 target price for the company. Cantor Fitzgerald increased their target price on Planet Labs PBC from $20.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Finally, New Street Research started coverage on shares of Planet Labs PBC in a research note on Wednesday, May 13th. They issued a “sell” rating and a $28.00 price target on the stock. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.11.

Get Our Latest Stock Analysis on PL

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.

Hsbc Holdings PLC Purchases New Shares in Planet Labs PBC $PL

Planet Labs PBC Stock Down 3.2%

Wall Street Analysts Forecast Growth

About Planet Labs PBC

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