Insider Selling: Planet Labs PBC (NYSE:PL) Insider Sells 64,593 Shares

Posted by George Bondi on Jul 13th, 2026

Planet Labs PBC (NYSE:PL – Get Free Report) insider Robert Schingler sold 64,593 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $25.92, for a total transaction of $1,674,250.56. Following the sale, the insider owned 825,541 shares of the company’s stock, valued at approximately $21,398,022.72. This represents a 7.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Planet Labs PBC Price Performance

Planet Labs PBC stock traded down $0.05 during midday trading on Monday, hitting $26.00. 5,755,625 shares of the company’s stock were exchanged, compared to its average volume of 12,768,710. 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 has a 12-month low of $5.87 and a 12-month high of $51.76. The firm’s 50 day simple moving average is $36.15 and its 200 day simple moving average is $30.49.

Planet Labs PBC (NYSE:PL – Get Free Report) last announced its earnings results on Thursday, June 4th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 105.29%. The business had revenue of $94.15 million during the quarter, compared to analysts’ expectations of $90.39 million. Planet Labs PBC’s revenue was up 42.1% compared to the same quarter last year. Equities research analysts forecast that Planet Labs PBC will post -0.92 earnings per share for the current fiscal year.

Institutional Trading of Planet Labs PBC

Several hedge funds and other institutional investors have recently made changes to their positions in PL. Van ECK Associates Corp increased its stake in shares of Planet Labs PBC by 320.3% during the fourth quarter. Van ECK Associates Corp now owns 7,678,938 shares of the company’s stock worth $151,429,000 after acquiring an additional 5,851,758 shares during the period. Invesco Ltd. raised its holdings in Planet Labs PBC by 265.6% during the third quarter. Invesco Ltd. now owns 3,450,479 shares of the company’s stock worth $44,787,000 after purchasing an additional 2,506,595 shares in the last quarter. Two Sigma Investments LP lifted its position in Planet Labs PBC by 257.5% in the third quarter. Two Sigma Investments LP now owns 2,362,275 shares of the company’s stock valued at $30,662,000 after purchasing an additional 1,701,535 shares during the period. Tema ETFs LLC lifted its position in Planet Labs PBC by 75,804.6% in the second quarter. Tema ETFs LLC now owns 1,590,960 shares of the company’s stock valued at $52,709,000 after purchasing an additional 1,588,864 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Planet Labs PBC by 10,305.7% in the 2nd quarter. Marshall Wace LLP now owns 1,509,248 shares of the company’s stock valued at $9,206,000 after purchasing an additional 1,494,744 shares in the last quarter. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $36.00 price objective on shares of Planet Labs PBC in a research note on Monday, June 15th. Weiss Ratings upgraded Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. New Street Research assumed coverage on Planet Labs PBC in a report on Wednesday, May 13th. They issued a “sell” rating and a $28.00 target price on the stock. Craig Hallum upped their price target on Planet Labs PBC from $36.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, Northland Securities set a $50.00 price target on Planet Labs PBC in a research note on Friday, June 5th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned 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 $35.11.

Read Our Latest Research Report on PL

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.