Planet Labs PBC (NYSE:PL - Get Free Report) CFO Ashley Johnson sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $35.10, for a total value of $7,020,000.00. Following the completion of the sale, the chief financial officer directly owned 1,895,162 shares in the company, valued at approximately $66,520,186.20. The trade was a 9.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Planet Labs PBC Stock Performance
NYSE PL opened at $34.96 on Tuesday. The company has a market cap of $12.10 billion, a PE ratio of -44.82 and a beta of 1.83. The stock's 50 day simple moving average is $26.39 and its 200-day simple moving average is $19.81. 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 - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.43). The company 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%.Planet Labs PBC's quarterly revenue was up 41.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Planet Labs PBC will post -0.37 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Citigroup boosted their target price on Planet Labs PBC from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Planet Labs PBC from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, December 11th. Craig Hallum reissued a "buy" rating and set a $30.00 target price on shares of Planet Labs PBC in a research note on Tuesday, January 13th. The Goldman Sachs Group reissued a "neutral" rating and set a $16.40 target price on shares of Planet Labs PBC in a research note on Tuesday, January 20th. Finally, Zacks Research raised Planet Labs PBC from a "strong sell" rating to a "hold" rating in a research note on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Planet Labs PBC has a consensus rating of "Hold" and an average target price of $27.70.
Get Our Latest Report on PL
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund boosted its position in shares of Planet Labs PBC by 45.3% during the 3rd quarter. New York State Common Retirement Fund now owns 202,384 shares of the company's stock worth $2,627,000 after acquiring an additional 63,088 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Planet Labs PBC during the 3rd quarter worth about $13,564,000. Oppenheimer & Co. Inc. boosted its position in shares of Planet Labs PBC by 74.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,002,184 shares of the company's stock worth $25,988,000 after acquiring an additional 851,937 shares in the last quarter. Ranger Investment Management L.P. acquired a new position in shares of Planet Labs PBC during the 3rd quarter worth about $2,688,000. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Planet Labs PBC during the 3rd quarter worth about $4,392,000. 41.71% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Planet Labs PBC
Here are the key news stories impacting Planet Labs PBC this week:
- Positive Sentiment: Planet shipped three additional Pelican satellites to Vandenberg ahead of a CAS500/2 rideshare with SpaceX — expands the Pelican constellation, should improve revisit cadence and product capability, and supports future commercial and government revenue potential. Planet Ships Three Additional Pelicans to Launch Site
- Positive Sentiment: Analyst/commentary framing (market commentary titled “Going Dark”) argues the government-requested blackout can be a bullish signal — it underscores deep government relationships and a durable competitive moat tied to national-security contracts (supporting a stable backlog). (Market analysis referenced in recent coverage.)
- Neutral Sentiment: Industry comparison pieces weighing Planet vs. peers (e.g., AST SpaceMobile) are circulating — they can shift investor focus between growth prospects and differing business models but don’t change Planet’s near-term fundamentals. Space Stock Face-Off: Is AST SpaceMobile or Planet Labs Worth Your Money Right Now?
- Negative Sentiment: Planet complied with a U.S. government request to withhold imagery of Iran and parts of the Middle East indefinitely — this raises near-term concerns over data availability for commercial customers, potential revenue impacts in the region, and increased perception of regulatory/operational risk. Satellite firm Planet Labs to indefinitely withhold Iran war images
- Negative Sentiment: CFO Ashley F. Johnson sold 200,000 shares on April 2 at an average $35.10 (≈$7.02M), reducing her stake by ~9.6% — a material insider sale that can weigh on sentiment even though she retains a large holding. SEC filing: SEC Filing
Planet Labs PBC Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
