Key Points
- Founding insider Robert Schingler sold 73,683 shares on April 6 under a Rule 10b5-1 plan at $35.07 (≈$2.58M), cutting his stake by 22.3%; this follows a separate April 2 sale of 200,000 shares by the CFO, adding to net insider selling headlines.
- Planet reported 41.1% year-over-year revenue growth to $86.8M but missed earnings (EPS -$0.48 vs. -$0.05 consensus) and remains deeply unprofitable with an ~80% net margin loss and negative ROE.
- Operationally Planet achieved an on-orbit AI object-detection demo (Pelican-4) and shipped three more Pelicans to launch, boosting capacity, but faces geo-political risk after agreeing to indefinitely withhold imagery of Iran.
Planet Labs PBC (NYSE:PL - Get Free Report) insider Robert Schingler sold 73,683 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $35.07, for a total value of $2,584,062.81. Following the sale, the insider directly owned 256,488 shares in the company, valued at $8,995,034.16. This trade represents a 22.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Planet Labs PBC Stock Up 3.8%
Shares of NYSE PL opened at $36.52 on Thursday. 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 capitalization of $12.64 billion, a PE ratio of -46.82 and a beta of 1.83. The stock's fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $20.09. Planet Labs PBC has a 12-month low of $2.92 and a 12-month high of $38.21.
Planet Labs PBC (NYSE:PL - Get Free Report) last announced its earnings results on Thursday, March 19th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.43). The company had revenue of $86.82 million for the quarter, compared to the consensus estimate of $78.17 million. Planet Labs PBC had a negative net margin of 80.22% and a negative return on equity of 69.61%. The firm's revenue was up 41.1% on a year-over-year basis. As a group, analysts expect that Planet Labs PBC will post -0.37 EPS for the current fiscal year.
Institutional Trading of Planet Labs PBC
A number of institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund lifted its position in 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 during the period. Divisadero Street Capital Management LP acquired a new stake in Planet Labs PBC during the 3rd quarter worth about $13,564,000. Oppenheimer & Co. Inc. lifted its position in 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 during the period. Ranger Investment Management L.P. acquired a new stake in Planet Labs PBC during the 3rd quarter worth about $2,688,000. Finally, Rice Hall James & Associates LLC acquired a new stake in Planet Labs PBC during the 3rd quarter worth about $4,392,000. Institutional investors and hedge funds own 41.71% of the company's stock.
Key Planet Labs PBC News
Here are the key news stories impacting Planet Labs PBC this week:
- Positive Sentiment: Planet demonstrated on-orbit AI capability — Pelican-4 ran AI object detection in space (part of its NVIDIA strategic initiative), a technical milestone that supports faster on-orbit analytics and premium product offerings. Planet Successfully Runs AI in Space
- Positive Sentiment: Fleet expansion: Planet shipped three additional Pelican satellites to Vandenberg ahead of a SpaceX rideshare — this should improve revisit cadence and long-term data product capacity for commercial and government customers. Planet Ships Three Additional Pelicans to Launch Site
- Positive Sentiment: Analyst momentum: several firms have raised price targets and reiterated Buy ratings (Citigroup raised its target, Deutsche Bank and others have upgraded coverage), supporting upside expectations. Planet Labs PBC (PL): Among the Best Aerospace Stocks to Buy Right Now
- Neutral Sentiment: Industry comparisons and bullish narratives (e.g., “Going Dark” coverage) are circulating; they can tilt sentiment but don't change Planet’s near-term fundamentals. Going Dark: A Strange Buy Signal from the Stars
- Negative Sentiment: Material insider selling: CFO Ashley Johnson sold 200,000 shares (~$7.02M) at ~ $35.10 on April 2; investors often interpret large insider sales as a near-term negative for sentiment. SEC filing: SEC Filing
- Negative Sentiment: Founding insider Robert H. Schingler sold 73,683 shares under a Rule 10b5‑1 plan (≈$2.58M) on April 6, further adding to net insider selling headlines. Insider Trades - Schingler
- Negative Sentiment: Regulatory/operational risk: Planet complied with a U.S. government request to withhold imagery of Iran and parts of the Middle East indefinitely — this could reduce available data for some commercial customers and highlights geo-political operational risk. Reuters: Planet Labs to indefinitely withhold Iran war images
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. National Bank Financial set a $12.30 price objective on Planet Labs PBC in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Planet Labs PBC from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, December 11th. Morgan Stanley raised their price objective on Planet Labs PBC from $26.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 25th. Northland Securities set a $28.00 price objective on Planet Labs PBC in a research report on Tuesday, January 13th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Planet Labs PBC in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.70.
Read Our Latest Stock Report on PL
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.
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