Dimensional Fund Advisors LP Has $8.14 Million Holdings in Planet Labs PBC (NYSE:PL)

Dimensional Fund Advisors LP increased its position in Planet Labs PBC (NYSE:PL - Free Report) by 101.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,013,845 shares of the company's stock after acquiring an additional 1,013,234 shares during the quarter. Dimensional Fund Advisors LP owned about 0.68% of Planet Labs PBC worth $8,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PL. NewEdge Advisors LLC acquired a new stake in Planet Labs PBC in the 4th quarter worth $59,000. Jump Financial LLC bought a new stake in shares of Planet Labs PBC during the fourth quarter valued at approximately $48,000. XTX Topco Ltd raised its stake in shares of Planet Labs PBC by 51.9% in the fourth quarter. XTX Topco Ltd now owns 257,074 shares of the company's stock valued at $1,039,000 after purchasing an additional 87,869 shares in the last quarter. Mariner LLC lifted its position in Planet Labs PBC by 67.3% in the fourth quarter. Mariner LLC now owns 65,767 shares of the company's stock worth $266,000 after purchasing an additional 26,457 shares during the period. Finally, Barclays PLC boosted its stake in Planet Labs PBC by 12.8% during the fourth quarter. Barclays PLC now owns 367,735 shares of the company's stock worth $1,485,000 after buying an additional 41,588 shares in the last quarter. Institutional investors and hedge funds own 41.71% of the company's stock.

Analyst Upgrades and Downgrades

PL has been the subject of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $8.00 price objective on shares of Planet Labs PBC in a research note on Monday, March 24th. The Goldman Sachs Group restated a "neutral" rating and set a $3.50 price target (down previously from $6.00) on shares of Planet Labs PBC in a research note on Friday, April 11th. Northland Securities upped their price objective on Planet Labs PBC from $5.00 to $7.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Craig Hallum raised Planet Labs PBC from a "hold" rating to a "buy" rating and set a $7.00 target price for the company in a report on Thursday, January 30th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $6.30 price target on shares of Planet Labs PBC in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.98.

Planet Labs PBC Stock Performance

Shares of PL stock opened at $3.56 on Friday. Planet Labs PBC has a 52 week low of $1.73 and a 52 week high of $6.71. The stock has a market capitalization of $1.08 billion, a PE ratio of -8.68 and a beta of 1.56. The stock's fifty day moving average is $3.56 and its 200-day moving average is $3.96.

Planet Labs PBC (NYSE:PL - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). Planet Labs PBC had a negative return on equity of 24.16% and a negative net margin of 48.88%. The company had revenue of $61.55 million for the quarter, compared to the consensus estimate of $61.89 million. During the same period in the prior year, the company earned ($0.06) EPS. As a group, analysts forecast that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Planet Labs PBC 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.

Want to see what other hedge funds are holding PL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Planet Labs PBC (NYSE:PL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.