Key Points
- Vijaya Gadde sold 20,000 Planet Labs (PL) shares on Jan. 22 at an average price of $26.77 for $535,400, cutting her ownership by 7.4% to 250,169 shares valued at about $6.7M.
- Market and analyst snapshot: PL opened at $27.02 with a market cap of $8.47B and a 12‑month range of $2.79–$30.90; analysts are mixed (consensus "Hold", average target $20.64, with some buy calls at $30 and a Zacks "strong sell").
Planet Labs PBC (NYSE:PL - Get Free Report) Director Vijaya Gadde sold 20,000 shares of the firm's stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $26.77, for a total transaction of $535,400.00. Following the completion of the sale, the director owned 250,169 shares in the company, valued at $6,697,024.13. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Planet Labs PBC Stock Performance
Shares of PL stock opened at $27.02 on Friday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 1.28. The firm has a fifty day moving average price of $18.45 and a 200 day moving average price of $12.82. The company has a market cap of $8.47 billion, a P/E ratio of -64.33 and a beta of 1.94. Planet Labs PBC has a 12 month low of $2.79 and a 12 month high of $30.90.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Citigroup increased their price objective on Planet Labs PBC from $19.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. Zacks Research downgraded Planet Labs PBC from a "hold" rating to a "strong sell" rating in a report on Monday, December 22nd. JMP Securities reiterated a "market perform" rating on shares of Planet Labs PBC in a research note on Tuesday, October 21st. Craig Hallum reissued a "buy" rating and set a $30.00 price objective on shares of Planet Labs PBC in a report on Tuesday, January 13th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $16.40 price objective on shares of Planet Labs PBC in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.64.
Get Our Latest Stock Analysis on Planet Labs PBC
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PL. Farther Finance Advisors LLC lifted its stake in Planet Labs PBC by 588.4% in the fourth quarter. Farther Finance Advisors LLC now owns 8,399 shares of the company's stock valued at $166,000 after buying an additional 7,179 shares during the last quarter. AMI Asset Management Corp purchased a new position in shares of Planet Labs PBC during the fourth quarter worth approximately $673,000. Baillie Gifford & Co. acquired a new position in shares of Planet Labs PBC in the 4th quarter valued at $32,000. Genesis Financial Group LLC purchased a new stake in Planet Labs PBC in the 4th quarter valued at $444,000. Finally, Bangor Savings Bank purchased a new stake in Planet Labs PBC in the 4th quarter valued at $264,000. Institutional investors and hedge funds own 41.71% of the company's stock.
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.
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