16,898 Shares in Planet Labs PBC $PL Purchased by MOR Wealth Management LLC

MOR Wealth Management LLC bought a new position in Planet Labs PBC (NYSE:PL) in the fourth quarter, HoldingsChannel reports. The fund bought 16,898 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors have also recently made changes to their positions in the stock. MCF Advisors LLC bought a new stake in shares of Planet Labs PBC in the third quarter worth approximately $32,000. Larson Financial Group LLC bought a new position in Planet Labs PBC during the third quarter valued at approximately $39,000. GAMMA Investing LLC boosted its holdings in Planet Labs PBC by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock worth $40,000 after purchasing an additional 1,195 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Planet Labs PBC by 59.3% in the third quarter. Jones Financial Companies Lllp now owns 3,591 shares of the company’s stock worth $44,000 after purchasing an additional 1,337 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Planet Labs PBC in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Trading Up 0.2%

Shares of Planet Labs PBC stock opened at $30.93 on Monday. The company’s fifty day simple moving average is $25.76 and its 200-day simple moving average is $18.87. The stock has a market capitalization of $10.71 billion, a PE ratio of -39.66 and a beta of 1.95. Planet Labs PBC has a 1-year low of $2.79 and a 1-year high of $37.05. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.65 and a quick ratio of 1.64.

Planet Labs PBC (NYSE:PL) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.43). Planet Labs PBC had a negative return on equity of 69.61% and a negative net margin of 80.22%.The company had revenue of $86.82 million during the quarter, compared to analysts’ expectations of $78.17 million. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, equities analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current year.

Insider Buying and Selling at Planet Labs PBC

In other news, Director Vijaya Gadde sold 20,000 shares of Planet Labs PBC stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $26.77, for a total transaction of $535,400.00. Following the transaction, the director directly owned 250,169 shares of the company’s stock, valued at $6,697,024.13. The trade was a 7.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ashley F. Johnson sold 150,731 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $27.01, for a total value of $4,071,244.31. Following the transaction, the chief financial officer owned 1,956,101 shares of the company’s stock, valued at approximately $52,834,288.01. This trade represents a 7.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 218,566 shares of company stock valued at $5,896,276. Company insiders own 17.53% of the company’s stock.

Wall Street Analyst Weigh In

PL has been the subject of a number of research reports. Citigroup boosted their target price on shares of Planet Labs PBC from $19.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Wedbush lifted their price objective on Planet Labs PBC from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Planet Labs PBC from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. National Bank Financial set a $12.30 target price on Planet Labs PBC in a research report on Tuesday, December 16th. Finally, Cantor Fitzgerald boosted their price target on Planet Labs PBC from $20.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.25.

More Planet Labs PBC News

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

• Positive Sentiment: Planet expanded production capacity in Berlin to serve growing European AI satellite demand — a clear revenue-growth and TAM-expansion signal that investors rewarded with recent price gains. Planet Labs Expands Berlin Production To Serve European AI Satellite Demand
• Positive Sentiment: Analyst upgrades and bullish notes (including a Morgan Stanley call) have lifted sentiment and helped push the stock to new highs; coverage momentum can attract more institutional interest. Morgan Stanley Analyst Says Stock Price Expected to Rise
• Positive Sentiment: Media pieces highlight a very strong 12‑month performance and the company delivering its first full fiscal year of profitability, reinforcing a longer-term growth + earnings narrative. Planet Labs Stock Has Risen 765% in a Year
• Neutral Sentiment: Brokerage consensus sits around “Hold,” suggesting some analysts see upside but others prefer to wait for more proof of sustainable margins and execution. Given Average Recommendation of “Hold” by Brokerages
• Neutral Sentiment: Market commentary highlights the stock’s recent strong performance and notes broader macro headlines driving short-term market volatility — useful context but not company-specific. MarketBeat Week in Review – 03/23 – 03/27
• Negative Sentiment: Planet announced redemption of all outstanding public warrants. That move removes an overhang long term but can trigger near-term selling pressure as warrant holders decide to exercise, sell or accept redemption; it also brings cap‑table and cash/financing implications that investors must parse from the redemption terms. This announcement appears to be the immediate catalyst for the intraday pullback. Planet Labs Announces Redemption of Outstanding Public Warrants Planet Announces Redemption of Public Warrants

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.