Planet Labs PBC (NYSE:PL) Trading Down 4.5% – Should You Sell?

Planet Labs PBC (NYSE:PL) dropped 4.5% during mid-day trading on Friday . The stock traded as low as $30.54 and last traded at $30.9330. Approximately 16,052,008 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 13,757,243 shares. The stock had previously closed at $32.40.

Trending Headlines about Planet Labs PBC

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

• Positive Sentiment: Planet is expanding production in Berlin to meet rising European AI satellite demand, which should accelerate revenue growth and shorten delivery lead times for European customers. Planet Labs Expands Berlin Production To Serve European AI Satellite Demand
• Positive Sentiment: The company announced redemption of its outstanding public warrants — a move that typically removes a potential long-term dilution overhang and simplifies the capital structure, which investors generally view favorably. Planet Labs Announces Redemption of Outstanding Public Warrants
• Positive Sentiment: Multiple analyst upgrades — including bullish notes and a Morgan Stanley call — have driven fresh buying interest and helped lift PL to 1‑year/all‑time highs, signaling increased Wall Street attention. Planet Labs PBC (NYSE:PL) Trading Up 13.4% Following Analyst Upgrade
• Positive Sentiment: Coverage and investor interest are rising after a strong performance year (major share gains and reported profitability momentum), attracting retail and institutional flows. Planet Labs Stock Has Risen 765% in a Year and Wall Street Is Just Now Paying Attention
• Neutral Sentiment: Brokerage consensus remains around a “Hold” on average, indicating mixed sentiment among analysts despite recent upgrades — investors should watch next formal research notes for conviction. Planet Labs PBC (NYSE:PL) Given Average Recommendation of “Hold” by Brokerages
• Neutral Sentiment: Several newsmakers (press releases and trade press) simply restate corporate actions (warrant redemption) or expansion plans — important but contingent on execution timelines. Planet Announces Redemption of Public Warrants
• Negative Sentiment: The stock’s rapid rally increases the risk of short-term volatility and profit‑taking; a large run-up means disappointment on execution or macro weakness could trigger outsized declines. Planet Labs Stock Has Risen 765% in a Year and Wall Street Is Just Now Paying Attention
• Negative Sentiment: Broader market pullback and macro uncertainty this week put pressure on high‑beta, growth‑oriented names like PL, which can temper near‑term gains even when company‑specific news is positive. MarketBeat Week in Review – 03/23 – 03/27

Analyst Ratings Changes

A number of brokerages have recently commented on PL. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Planet Labs PBC from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. The Goldman Sachs Group restated a “neutral” rating and issued a $16.40 price objective on shares of Planet Labs PBC in a report on Tuesday, January 20th. Cantor Fitzgerald raised their target price on Planet Labs PBC from $20.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Citigroup lifted their target price on Planet Labs PBC from $19.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Planet Labs PBC has an average rating of “Hold” and a consensus price target of $27.25.

Planet Labs PBC Stock Down 4.5%

The stock’s 50-day moving average price is $25.71 and its 200-day moving average price is $18.58. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 2.37. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of -39.66 and a beta of 1.95.

Planet Labs PBC (NYSE:PL) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.43). The firm had revenue of $86.82 million for the quarter, compared to analyst estimates of $78.17 million. Planet Labs PBC had a negative return on equity of 69.61% and a negative net margin of 80.22%.The company’s revenue was up 41.1% compared to the same quarter last year. On average, sell-side analysts expect that Planet Labs PBC will post -0.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Ashley F. Johnson sold 150,731 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $27.01, for a total transaction of $4,071,244.31. Following the sale, the chief financial officer owned 1,956,101 shares in the company, valued at $52,834,288.01. This represents a 7.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristen Robinson sold 47,835 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $26.96, for a total value of $1,289,631.60. Following the sale, the director directly owned 222,897 shares of the company’s stock, valued at $6,009,303.12. This represents a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 218,566 shares of company stock worth $5,896,276. Company insiders own 17.53% of the company’s stock.

Hedge Funds Weigh In On Planet Labs PBC

Several institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in shares of Planet Labs PBC during the 4th quarter worth approximately $8,457,000. Osbon Capital Management LLC bought a new stake in shares of Planet Labs PBC in the 4th quarter valued at $554,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Planet Labs PBC by 5,433.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 61,860 shares of the company’s stock valued at $1,220,000 after acquiring an additional 60,742 shares during the period. Virtue Capital Management LLC lifted its position in shares of Planet Labs PBC by 1,837.6% during the 4th quarter. Virtue Capital Management LLC now owns 83,296 shares of the company’s stock valued at $1,700,000 after acquiring an additional 78,997 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Planet Labs PBC by 9.5% during the fourth quarter. Mackenzie Financial Corp now owns 14,631 shares of the company’s stock worth $288,000 after acquiring an additional 1,267 shares in the last quarter. 41.71% of the stock is owned by institutional investors and hedge funds.

Planet Labs PBC Company Profile

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.