Graham Capital Management L.P. Has $869,000 Stock Position in Planet Labs PBC $PL

Key Points

• Graham Capital Management L.P. increased its stake in Planet Labs PBC by 125.5% to own 256,998 shares valued at approximately $869,000.
• Planet Labs PBC reported earnings of ($0.04) per share, surpassing expectations and generating revenue of $66.27 million for the quarter.
• Multiple institutional investors, including Dimensional Fund Advisors LP and Liontrust Investment Partners LLP, significantly raised their stakes in Planet Labs PBC, reflecting growing institutional interest in the company.

Graham Capital Management L.P. raised its stake in Planet Labs PBC (NYSE:PL - Free Report) by 125.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,998 shares of the company's stock after purchasing an additional 143,043 shares during the quarter. Graham Capital Management L.P. owned approximately 0.09% of Planet Labs PBC worth $869,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Planet Labs PBC by 101.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,013,845 shares of the company's stock valued at $8,140,000 after buying an additional 1,013,234 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Planet Labs PBC by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 84,803 shares of the company's stock worth $343,000 after acquiring an additional 13,414 shares in the last quarter. Northern Trust Corp lifted its stake in Planet Labs PBC by 8.0% in the fourth quarter. Northern Trust Corp now owns 1,966,504 shares of the company's stock valued at $7,945,000 after acquiring an additional 145,123 shares during the last quarter. Algert Global LLC acquired a new stake in Planet Labs PBC in the fourth quarter valued at $490,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Planet Labs PBC during the 4th quarter worth about $110,000. Institutional investors and hedge funds own 41.71% of the company's stock.

Planet Labs PBC Trading Down 0.8%

Shares of NYSE:PL traded down $0.08 during trading on Wednesday, reaching $8.95. 32,248,151 shares of the stock were exchanged, compared to its average volume of 10,894,906. Planet Labs PBC has a 12 month low of $1.84 and a 12 month high of $9.71. The stock has a 50-day moving average price of $6.79 and a 200-day moving average price of $5.03. The firm has a market cap of $2.71 billion, a PE ratio of -29.82 and a beta of 1.81.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PL. Needham & Company LLC raised their target price on shares of Planet Labs PBC from $8.00 to $12.00 and gave the company a "buy" rating in a research note on Tuesday. Wall Street Zen raised Planet Labs PBC from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. The Goldman Sachs Group assumed coverage on Planet Labs PBC in a research note on Monday, June 30th. They set a "neutral" rating and a $4.60 target price for the company. JMP Securities increased their price target on Planet Labs PBC from $8.00 to $11.00 and gave the company a "market outperform" rating in a research note on Tuesday. Finally, Wedbush raised their price target on Planet Labs PBC from $5.00 to $7.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.56.

About Planet Labs PBC

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.