Los Angeles Capital Management LLC Acquires Shares of 11,073 Planet Labs PBC $PL

Los Angeles Capital Management LLC purchased a new stake in shares of Planet Labs PBC (NYSE:PL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,073 shares of the company’s stock, valued at approximately $68,000.

Other large investors have also added to or reduced their stakes in the company. Iron Gate Global Advisors LLC bought a new stake in Planet Labs PBC during the 1st quarter worth approximately $36,000. HighTower Advisors LLC purchased a new position in shares of Planet Labs PBC during the first quarter valued at $37,000. Wellington Shields & Co. LLC bought a new position in Planet Labs PBC in the first quarter worth about $39,000. Caitong International Asset Management Co. Ltd increased its position in Planet Labs PBC by 143.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 13,249 shares of the company’s stock valued at $45,000 after buying an additional 7,799 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Planet Labs PBC by 32.1% during the 1st quarter. Mackenzie Financial Corp now owns 13,364 shares of the company’s stock valued at $45,000 after purchasing an additional 3,245 shares during the last quarter. Institutional investors own 41.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PL. Cantor Fitzgerald upped their price objective on shares of Planet Labs PBC from $8.50 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. JMP Securities restated a “market perform” rating on shares of Planet Labs PBC in a research report on Tuesday, October 21st. Citizens Jmp cut shares of Planet Labs PBC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. Needham & Company LLC lifted their target price on Planet Labs PBC from $12.00 to $16.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.26.

Planet Labs PBC Trading Up 2.3%

Planet Labs PBC stock opened at $11.47 on Wednesday. The firm has a market capitalization of $3.53 billion, a P/E ratio of -38.24 and a beta of 1.99. Planet Labs PBC has a 52 week low of $2.79 and a 52 week high of $16.78. The stock has a fifty day moving average price of $12.72 and a 200 day moving average price of $8.21.

Planet Labs PBC (NYSE:PL) last posted its earnings results on Monday, September 8th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. The business had revenue of $73.39 million for the quarter, compared to analyst estimates of $65.88 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The business’s revenue was up 20.1% compared to the same quarter last year. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts predict that Planet Labs PBC will post -0.37 EPS for the current year.

Insider Transactions at Planet Labs PBC

In related news, insider Robert H. Schingler sold 81,656 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $15.50, for a total value of $1,265,668.00. Following the sale, the insider directly owned 1,288,843 shares in the company, valued at $19,977,066.50. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 17.53% of the company’s stock.

Planet Labs PBC Company Profile

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.