Lbp Am Sa Boosts Stock Holdings in Planet Labs PBC $PL

Key Points

• Lbp Am Sa increased its stake in Planet Labs PBC by 17.0% in Q2, owning 934,158 shares valued at $5.7 million.
• Nine analysts rate Planet Labs PBC as a buy, indicating strong investor interest, with an average price target of $7.56.
• Planet Labs PBC reported a 20.1% year-over-year revenue increase to $73.39 million for the most recent quarter, although it missed EPS estimates.

Lbp Am Sa boosted its stake in shares of Planet Labs PBC (NYSE:PL - Free Report) by 17.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 934,158 shares of the company's stock after acquiring an additional 135,680 shares during the period. Lbp Am Sa owned 0.31% of Planet Labs PBC worth $5,698,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Liontrust Investment Partners LLP grew its stake in shares of Planet Labs PBC by 175.0% in the 1st quarter. Liontrust Investment Partners LLP now owns 1,066,133 shares of the company's stock worth $3,604,000 after buying an additional 678,486 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Planet Labs PBC by 54.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company's stock worth $6,274,000 after buying an additional 653,173 shares in the last quarter. Nuveen LLC purchased a new position in shares of Planet Labs PBC in the 1st quarter worth $1,668,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Planet Labs PBC by 144.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 709,657 shares of the company's stock worth $2,399,000 after buying an additional 419,773 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Planet Labs PBC by 41.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,323,263 shares of the company's stock worth $4,473,000 after buying an additional 389,375 shares in the last quarter. 41.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Planet Labs PBC from $8.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Wall Street Zen raised shares of Planet Labs PBC from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Citigroup reissued an "outperform" rating on shares of Planet Labs PBC in a research note on Tuesday, September 9th. Wedbush lifted their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Finally, JMP Securities lifted their price target on shares of Planet Labs PBC from $8.00 to $11.00 and gave the stock a "market outperform" rating in a research note on Tuesday, September 9th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.56.

Planet Labs PBC Trading Up 6.0%

PL stock opened at $13.77 on Thursday. Planet Labs PBC has a 12 month low of $2.06 and a 12 month high of $14.02. The company has a 50-day moving average price of $8.18 and a 200 day moving average price of $5.77. The stock has a market cap of $4.24 billion, a PE ratio of -45.88 and a beta of 1.81.

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

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.

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