Planet Labs PBC (NYSE:PL) Trading Up 5.8% – Here’s Why

Planet Labs PBC (NYSE:PL) shares traded up 5.8% during mid-day trading on Thursday . The company traded as high as $17.17 and last traded at $17.3310. 6,041,047 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 12,068,066 shares. The stock had previously closed at $16.38.

More Planet Labs PBC News

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

• Positive Sentiment: Planet launched Amazon.ia – Inteligencia Ambiental, a multi-partner initiative using satellite data, science and artificial intelligence to monitor biodiversity and support conservation across the Amazon. The project, supported by the Bezos Earth Fund and other partners, strengthens Planet’s positioning in high-value environmental intelligence applications. Planet Announces Amazon.ia
• Positive Sentiment: Planet’s new Berlin facility is expected to roughly double its satellite manufacturing capacity. The expansion is intended to meet growing sovereign demand and could support additional contracts, backlog conversion and revenue growth in Europe. Planet Labs Scales European Manufacturing With Berlin Facility
• Positive Sentiment: Analysts highlighted approximately $815 million of backlog and more than $4 billion in potential satellite-services opportunities. Combined with recent revenue growth and an earnings beat, these figures provide visibility into future demand, although execution and conversion remain critical. Can Planet Labs Turn Backlog Visibility Into Sustained Momentum?
• Neutral Sentiment: Coverage comparing Planet with Redwire emphasizes expanding satellite communications, manufacturing and infrastructure capabilities across the sector, but offers no major new company-specific catalyst for PL. RDW vs. PL: Which Satellite Stock Has the Stronger Investment Case?
• Negative Sentiment: A Planet Labs co-founder sold roughly 106,000 shares valued at about $1.8 million, representing approximately 11% of the insider’s prior stake. The sale may raise concerns about insider confidence and add pressure after earlier executive selling. Planet Labs Co-Founder Share Sale
• Negative Sentiment: Recent reporting said softer guidance offset Planet’s revenue and earnings beat, limiting the market’s reaction to its 58.2% year-over-year revenue growth. In addition, SpaceX’s reduced third-party rideshare availability and higher launch prices could increase Planet’s constellation replacement costs and delay profitability. Planet Labs Stock Falls as Softer Guidance Offsets Revenue Beat

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PL shares. Craig Hallum set a $35.00 price objective on Planet Labs PBC in a research note on Friday, September 4th. Zacks Research raised Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Citizens Jmp reiterated a “market perform” rating on shares of Planet Labs PBC in a report on Friday, September 4th. Needham & Company LLC reduced their price target on shares of Planet Labs PBC from $53.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Finally, Wedbush assumed coverage on shares of Planet Labs PBC in a report on Wednesday, July 1st. They set an “outperform” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.77.

Planet Labs PBC Stock Up 6.8%

The business has a 50 day simple moving average of $20.51 and a 200 day simple moving average of $29.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.84 and a quick ratio of 2.82. The stock has a market cap of $6.37 billion, a PE ratio of -15.94 and a beta of 2.10.

Planet Labs PBC (NYSE:PL) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $116.05 million during the quarter, compared to the consensus estimate of $104.53 million. Planet Labs PBC had a negative return on equity of 93.11% and a negative net margin of 95.13%.The business’s quarterly revenue was up 58.2% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS. On average, equities research analysts forecast that Planet Labs PBC will post -0.91 EPS for the current fiscal year.

Insider Activity at Planet Labs PBC

In related news, Director John W. Raymond sold 6,494 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $26.16, for a total transaction of $169,883.04. Following the transaction, the director owned 37,114 shares of the company’s stock, valued at approximately $970,902.24. This trade represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schingler sold 64,593 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $25.92, for a total transaction of $1,674,250.56. Following the completion of the sale, the insider directly owned 825,541 shares of the company’s stock, valued at $21,398,022.72. This represents a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 279,025 shares of company stock valued at $5,978,941. 16.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Planet Labs PBC

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in Planet Labs PBC by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 5,702,642 shares of the company’s stock valued at $112,475,000 after buying an additional 71,381 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Planet Labs PBC by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,013,187 shares of the company’s stock valued at $112,167,000 after acquiring an additional 70,986 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Planet Labs PBC by 80.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,932,381 shares of the company’s stock valued at $54,010,000 after acquiring an additional 861,306 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Planet Labs PBC by 5,339.2% in the 2nd quarter. Tidal Investments LLC now owns 1,591,020 shares of the company’s stock valued at $52,710,000 after acquiring an additional 1,561,769 shares in the last quarter. Finally, Tema ETFs LLC lifted its holdings in Planet Labs PBC by 75,804.6% in the 2nd quarter. Tema ETFs LLC now owns 1,590,960 shares of the company’s stock worth $52,709,000 after purchasing an additional 1,588,864 shares during the last quarter. 41.71% of the stock is currently owned by institutional investors.

Planet Labs PBC Company Profile

Planet Labs PBC is an Earth-imaging and geospatial data company that operates a constellation of satellites designed to provide frequent imagery of the planet’s landmass. The company collects, processes and delivers satellite imagery and related data products through cloud-based platforms and application programming interfaces.

Its offerings include PlanetScope imagery for broad-area monitoring, SkySat imagery for higher-resolution observation, and specialized products that support change detection, mapping and environmental analysis.