Raiffeisen Bank International AG Increases Stock Position in Planet Labs PBC $PL

Raiffeisen Bank International AG boosted its position in Planet Labs PBC (NYSE:PL) by 36.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 298,000 shares of the company’s stock after acquiring an additional 80,000 shares during the period. Raiffeisen Bank International AG’s holdings in Planet Labs PBC were worth $9,321,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. American Capital Advisory LLC bought a new position in shares of Planet Labs PBC during the first quarter valued at about $28,000. Western Wealth Management LLC bought a new stake in shares of Planet Labs PBC in the first quarter worth about $28,000. Pittenger & Anderson Inc. grew its stake in shares of Planet Labs PBC by 40.9% in the first quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock worth $38,000 after purchasing an additional 395 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Planet Labs PBC during the 1st quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in Planet Labs PBC by 92.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after purchasing an additional 745 shares during the period. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Trading Down 7.9%

Shares of PL opened at $18.42 on Friday. Planet Labs PBC has a 1-year low of $6.26 and a 1-year high of $51.76. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 1.01. The firm’s 50-day moving average price is $23.84 and its 200-day moving average price is $30.12. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of -16.16 and a beta of 2.10.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 105.29%. The company had revenue of $116.05 million during the quarter, compared to the consensus estimate of $104.53 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. Planet Labs PBC’s revenue was up 58.2% on a year-over-year basis. Sell-side analysts anticipate that Planet Labs PBC will post -0.92 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on PL shares. Needham & Company LLC upped their price target on Planet Labs PBC from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, June 5th. New Street Research initiated coverage on Planet Labs PBC in a research report on Wednesday, May 13th. They issued a “sell” rating and a $28.00 price objective on the stock. Weiss Ratings raised Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Wedbush started coverage on Planet Labs PBC in a report on Wednesday, July 1st. They set an “outperform” rating and a $50.00 target price for the company. Finally, Zacks Research upgraded Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.56.

Key Headlines Impacting Planet Labs PBC

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

• Positive Sentiment: Planet reported record second-quarter revenue of $116.1 million, up 58% year over year, marking its fourth consecutive quarter meeting or exceeding the Rule of 40. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
• Positive Sentiment: Planet signed a seven-figure agreement with a European defense and intelligence customer, reinforcing demand for its satellite imagery and analytics in government and defense markets. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
• Positive Sentiment: On an adjusted basis, Planet posted earnings of $0.02 per share, versus analysts’ expected loss of $0.02, while the company’s full-year revenue outlook of $430 million to $441 million is broadly consistent with the $436.3 million consensus estimate. Planet Labs Tops Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Berenberg initiated or reiterated a Buy rating, providing analyst support, although the rating may be overshadowed by the company’s guidance and broader weakness in space-related stocks. Planet Labs Gets a Buy from Berenberg Bank
• Negative Sentiment: Planet’s third-quarter revenue outlook of $101 million to $105 million is well below the $114.3 million consensus estimate, raising concerns about a near-term growth slowdown.
• Negative Sentiment: Reported GAAP results showed a $0.03-per-share loss, slightly worse than the $0.02 expected loss, with profitability still weak. The combination of the earnings shortfall and below-consensus quarterly guidance likely drove the selling pressure. Planet Labs Earnings Results
• Negative Sentiment: Shares also faced sector-wide selling among commercial space and satellite companies, limiting the positive impact of Planet’s defense announcement. Planet Labs Sinks Despite New Defense Contract

Insider Buying and Selling at Planet Labs PBC

In other Planet Labs PBC news, insider Robert Schingler sold 25,000 shares of the company’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 $648,000.00. Following the transaction, the insider owned 225,171 shares in the company, valued at approximately $5,836,432.32. This represents a 9.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Raymond sold 6,494 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $26.16, for a total value of $169,883.04. Following the completion of the transaction, the director directly owned 37,114 shares of the company’s stock, valued at $970,902.24. This represents a 14.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 171,122 shares of company stock valued at $4,148,906. 16.42% of the stock is currently owned by corporate insiders.

About Planet Labs PBC

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.