Polen Capital Management LLC Acquires Shares of 111,538 Planet Labs PBC $PL

Polen Capital Management LLC acquired a new stake in shares of Planet Labs PBC (NYSE:PL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 111,538 shares of the company’s stock, valued at approximately $2,200,000.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new stake in Planet Labs PBC during the 4th quarter valued at approximately $32,000. GAMMA Investing LLC grew its holdings in Planet Labs PBC by 146.4% during the 4th quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock valued at $40,000 after buying an additional 1,195 shares in the last quarter. North Star Investment Management Corp. grew its holdings in Planet Labs PBC by 1,111.1% during the 4th quarter. North Star Investment Management Corp. now owns 2,180 shares of the company’s stock valued at $43,000 after buying an additional 2,000 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Planet Labs PBC during the 3rd quarter valued at approximately $39,000. Finally, Jones Financial Companies Lllp grew its holdings in Planet Labs PBC by 59.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,591 shares of the company’s stock valued at $44,000 after buying an additional 1,337 shares in the last quarter. 41.71% of the stock is owned by hedge funds and other institutional investors.

Planet Labs PBC Trading Up 11.5%

PL stock opened at $34.25 on Friday. The firm has a fifty day moving average price of $38.98 and a 200 day moving average price of $28.33. Planet Labs PBC has a fifty-two week low of $4.90 and a fifty-two week high of $51.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.78 and a current ratio of 2.81. The firm has a market cap of $11.85 billion, a PE ratio of -30.04 and a beta of 1.99.

Planet Labs PBC (NYSE:PL) last posted its earnings results on Thursday, June 4th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 105.29%. The firm had revenue of $94.15 million during the quarter, compared to analyst estimates of $90.39 million. The firm’s revenue for the quarter was up 42.1% on a year-over-year basis. Sell-side analysts anticipate that Planet Labs PBC will post -0.81 earnings per share for the current fiscal year.

Planet Labs PBC News Summary

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

• Positive Sentiment: Planet Labs is benefiting from a surge in space-stock enthusiasm, with peers like Virgin Galactic and Rocket Lab also moving sharply higher as investors position ahead of SpaceX’s Friday IPO. Planet Labs Stock Skyrockets Ahead Of SpaceX’s Friday IPO
• Positive Sentiment: Investor attention is also being supported by trading activity in Planet Labs call options, suggesting speculation around near-term upside in the stock. Traders Purchase Large Volume of Call Options on Planet Labs PBC (NYSE:PL)
• Neutral Sentiment: Planet Labs is drawing attention from analysts and media coverage after its recent earnings beat and strong revenue growth, reinforcing the company’s improving operating momentum. Analysts Offer Insights on Industrial Goods Companies: Bloom Energy (BE), Equifax (EFX) and Planet Labs PBC (PL)
• Neutral Sentiment: Planet Labs also highlighted its AIRS initiative, which links satellite data with sustainability use cases; while strategically positive, it is not an immediate earnings catalyst. Planet Labs Uses AIRS Initiative To Link Satellite Data With Sustainability
• Negative Sentiment: Northland Securities trimmed several future earnings estimates for Planet Labs, reflecting a more cautious longer-term profit outlook and potentially tempering enthusiasm. Analysts Offer Insights on Industrial Goods Companies: Bloom Energy (BE), Equifax (EFX) and Planet Labs PBC (PL)

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PL. Zacks Research lowered shares of Planet Labs PBC from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Citigroup increased their price objective on shares of Planet Labs PBC from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Craig Hallum increased their price objective on shares of Planet Labs PBC from $36.00 to $49.00 and gave the company a “buy” rating in a report on Friday, June 5th. Cantor Fitzgerald increased their price objective on shares of Planet Labs PBC from $20.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Finally, Morgan Stanley increased their price objective on shares of Planet Labs PBC from $26.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, March 25th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.28.

Insiders Place Their Bets

In related news, insider Robert H. Schingler sold 73,683 shares of the firm’s 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 completion of the transaction, the insider directly owned 256,488 shares of the company’s stock, valued at approximately $8,995,034.16. This trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $35.10, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,895,162 shares of the company’s stock, valued at approximately $66,520,186.20. This trade represents a 9.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.42% of the company’s stock.

Planet Labs PBC 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.