Planet Labs PBC $PL Shares Acquired by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC significantly increased its stake in Planet Labs PBC by 475.2% during the first quarter, acquiring an additional 113,071 shares and bringing its total holdings to 136,864 shares valued at approximately $463,000.
• Institutional ownership of Planet Labs PBC stands at 41.71%, with other hedge funds also increasing stakes, including Sterling Capital Management which raised its stake by 790.6% in the last quarter.
• Planet Labs reported a revenue of $66.27 million for the most recent quarter, surpassing analyst estimates, and is currently projected to have an estimated -0.37 EPS for the fiscal year.

EntryPoint Capital LLC grew its stake in Planet Labs PBC (NYSE:PL - Free Report) by 475.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,864 shares of the company's stock after acquiring an additional 113,071 shares during the quarter. EntryPoint Capital LLC's holdings in Planet Labs PBC were worth $463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC increased its stake in shares of Planet Labs PBC by 790.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,840 shares of the company's stock worth $28,000 after acquiring an additional 6,072 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Planet Labs PBC during the 1st quarter worth about $37,000. Forum Financial Management LP acquired a new stake in shares of Planet Labs PBC during the 1st quarter worth about $39,000. Wellington Shields & Co. LLC acquired a new stake in shares of Planet Labs PBC during the 1st quarter worth about $39,000. Finally, Mackenzie Financial Corp increased its position in shares of Planet Labs PBC by 32.1% during the 1st quarter. Mackenzie Financial Corp now owns 13,364 shares of the company's stock worth $45,000 after purchasing an additional 3,245 shares during the last quarter. 41.71% of the stock is owned by institutional investors and hedge funds.

Planet Labs PBC Price Performance

NYSE PL opened at $6.4050 on Thursday. The company has a market cap of $1.94 billion, a P/E ratio of -17.79 and a beta of 1.80. The stock has a 50-day moving average of $6.26 and a two-hundred day moving average of $4.90. Planet Labs PBC has a 1-year low of $1.76 and a 1-year high of $7.72.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on PL. 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 began coverage on Planet Labs PBC in a research report on Monday, June 30th. They set a "neutral" rating and a $4.60 price objective for the company. JMP Securities raised their price objective on 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.00 target price on shares of Planet Labs PBC in a research report on Thursday, June 5th. Finally, Wedbush lifted their target price on Planet Labs PBC from $5.00 to $7.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.86.

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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