Liontrust Investment Partners LLP Boosts Stock Holdings in Planet Labs PBC $PL

Key Points

• Liontrust Investment Partners LLP increased its stake in Planet Labs PBC by 175.0%, owning 1,066,133 shares, valued at approximately $3.60 million.
• Several hedge funds have also boosted their positions in Planet Labs PBC, with JPMorgan Chase & Co. raising its holdings by 227.0%.
• Analysts have expressed optimism about Planet Labs PBC, with a consensus rating of "Moderate Buy" and an average price target of $6.86.

Liontrust Investment Partners LLP raised its position in shares of Planet Labs PBC (NYSE:PL - Free Report) by 175.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,066,133 shares of the company's stock after acquiring an additional 678,486 shares during the period. Liontrust Investment Partners LLP owned approximately 0.35% of Planet Labs PBC worth $3,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Planet Labs PBC during the first quarter worth $115,000. Rhumbline Advisers grew its stake in Planet Labs PBC by 2.3% in the 1st quarter. Rhumbline Advisers now owns 293,950 shares of the company's stock worth $994,000 after acquiring an additional 6,692 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Planet Labs PBC by 1,316.8% during the first quarter. Principal Financial Group Inc. now owns 167,362 shares of the company's stock worth $566,000 after acquiring an additional 155,549 shares during the period. Deutsche Bank AG grew its position in shares of Planet Labs PBC by 48.9% during the 4th quarter. Deutsche Bank AG now owns 208,412 shares of the company's stock worth $842,000 after buying an additional 68,465 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Planet Labs PBC by 220.5% in the first quarter. Vontobel Holding Ltd. now owns 45,143 shares of the company's stock valued at $153,000 after acquiring an additional 31,057 shares in the last quarter. 41.71% of the stock is owned by hedge funds and other institutional investors.

Planet Labs PBC Stock Performance

NYSE PL traded down $0.0170 on Thursday, reaching $6.4130. 1,100,770 shares of the company's stock traded hands, compared to its average volume of 6,691,420. Planet Labs PBC has a fifty-two week low of $1.76 and a fifty-two week high of $7.72. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -17.82 and a beta of 1.80. The stock has a 50 day moving average price of $6.26 and a 200-day moving average price of $4.90.

Planet Labs PBC (NYSE:PL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. Planet Labs PBC had a negative net margin of 42.58% and a negative return on equity of 23.36%. The firm had revenue of $66.27 million for the quarter, compared to the consensus estimate of $62.25 million. Planet Labs PBC has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Planet Labs PBC will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PL. Needham & Company LLC reissued a "buy" rating and issued a $8.00 price target on shares of Planet Labs PBC in a research report on Thursday, June 5th. Citigroup increased their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company a "buy" rating in a research report on Friday, June 6th. JMP Securities lifted their price objective on shares of Planet Labs PBC from $6.50 to $8.00 and gave the stock a "market outperform" rating in a research report on Tuesday, July 22nd. Wedbush increased their target price on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Finally, Wall Street Zen raised shares of Planet Labs PBC from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $6.86.

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.