WINTON GROUP Ltd increased its position in Planet Labs PBC (NYSE:PL – Free Report) by 1,802.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,008 shares of the company’s stock after buying an additional 183,808 shares during the period. WINTON GROUP Ltd’s holdings in Planet Labs PBC were worth $6,427,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in Planet Labs PBC in the first quarter worth approximately $28,000. Western Wealth Management LLC acquired a new stake in Planet Labs PBC in the first quarter valued at approximately $28,000. Parkside Financial Bank & Trust increased its holdings in shares of Planet Labs PBC by 92.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after acquiring an additional 745 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of Planet Labs PBC by 40.9% during the first quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock valued at $38,000 after acquiring an additional 395 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of Planet Labs PBC during the third quarter worth approximately $39,000. 41.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on PL shares. Weiss Ratings upgraded Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $28.00 price objective on shares of Planet Labs PBC in a report on Tuesday. Northland Securities set a $40.00 target price on shares of Planet Labs PBC in a research report on Friday, September 4th. Wedbush initiated coverage on shares of Planet Labs PBC in a report on Wednesday, July 1st. They issued an “outperform” rating and a $50.00 target price on the stock. Finally, Craig Hallum set a $35.00 price target on shares of Planet Labs PBC in a research report on Friday, September 4th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.77.
Planet Labs PBC Stock Performance
NYSE PL opened at $16.71 on Friday. The company has a fifty day moving average price of $22.51 and a 200-day moving average price of $29.91. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of -15.19 and a beta of 2.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.84 and a quick ratio of 2.82. Planet Labs PBC has a 1 year low of $9.13 and a 1 year high of $51.76.
Planet Labs PBC (NYSE:PL – Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Planet Labs PBC had a negative net margin of 95.13% and a negative return on equity of 93.11%. The company had revenue of $116.05 million for the quarter, compared to analyst estimates of $104.53 million. During the same period last year, the firm earned ($0.07) earnings per share. The firm’s revenue was up 58.2% on a year-over-year basis. As a group, equities research analysts predict that Planet Labs PBC will post -0.91 EPS for the current fiscal year.
Trending Headlines about Planet Labs PBC
Here are the key news stories impacting Planet Labs PBC this week:
- Positive Sentiment: Zacks upgraded Planet Labs to Rank #2 (Buy), citing growing optimism about the company’s earnings prospects. The upgrade could support a rebound following the stock’s recent selloff. Planet Labs PBC Upgraded to Buy
- Positive Sentiment: Analysts at Northland Securities raised their FY2027 EPS forecast to a loss of $0.58 from $0.62 and improved their Q3 2027 estimate to a loss of $0.07 from $0.08. These revisions suggest expectations for gradual profitability improvement, even though Planet Labs is still projected to lose money. Planet Labs analyst estimates
- Positive Sentiment: Berenberg maintained its Buy rating. The continued bullish stance provides additional analyst support for the long-term growth story. Berenberg maintains Buy rating
- Positive Sentiment: Planet Labs’ latest reported quarter showed revenue rising 58% year over year to $116.1 million, adjusted EBITDA increasing to $13.9 million and the GAAP net loss narrowing to $9.4 million. Those results reinforce the company’s growth and improving operating leverage. Planet Labs revenue growth and profitability
- Neutral Sentiment: Oil prices moved above $100 per barrel after renewed Middle East attacks. The broader risk-off environment may pressure high-beta growth stocks such as PL, although geopolitical demand for satellite intelligence could potentially benefit Planet Labs over time. Oil rises above $100
- Negative Sentiment: Northland reduced several longer-term estimates, including Q4 2027 EPS to a loss of $0.08 from $0.07 and Q3/Q4 2028 EPS to losses of $0.06 from $0.05. Continued projected losses and a consensus full-year EPS estimate of negative $0.92 remain overhangs for the stock.
- Negative Sentiment: Technical indicators show PL is oversold after falling 29.7% in four weeks. While this can precede a rebound, it also highlights the heavy selling pressure and elevated volatility affecting the shares. Planet Labs oversold stock analysis
Insiders Place Their Bets
In other Planet Labs PBC news, CFO Ashley Johnson sold 75,035 shares of Planet Labs PBC stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $1,656,772.80. Following the transaction, the chief financial officer owned 1,132,122 shares of the company’s stock, valued at $24,997,253.76. This trade represents a 6.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Raymond sold 6,494 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $26.16, for a total value of $169,883.04. Following the completion of the transaction, the director owned 37,114 shares in the company, valued at $970,902.24. The trade was a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 171,122 shares of company stock valued at $4,148,906 in the last 90 days. 16.42% of the stock is currently owned by corporate insiders.
About Planet Labs PBC
Planet Labs PBC is an Earth-imaging and geospatial data company that operates a constellation of satellites designed to provide frequent imagery of the planet’s landmass. The company collects, processes and delivers satellite imagery and related data products through cloud-based platforms and application programming interfaces.
Its offerings include PlanetScope imagery for broad-area monitoring, SkySat imagery for higher-resolution observation, and specialized products that support change detection, mapping and environmental analysis.
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