Planet Labs PBC $PL Shares Sold by WS Management Lllp

Key Points

• WS Management Lllp reduced its holdings in Planet Labs PBC by 20.7%, owning 198,254 shares worth approximately $670,000 after selling 51,746 shares.
• Analysts have set new price targets for Planet Labs PBC, with Citigroup and Wedbush increasing their targets to $7.00 and more, while Needham & Company set a target of $8.00.
• Planet Labs PBC reported a revenue of $66.27 million for the quarter, exceeding analysts' estimates, alongside an EPS of ($0.04) against a consensus of ($0.05).

WS Management Lllp reduced its position in shares of Planet Labs PBC (NYSE:PL - Free Report) by 20.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,254 shares of the company's stock after selling 51,746 shares during the quarter. WS Management Lllp owned 0.07% of Planet Labs PBC worth $670,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PL. Wells Fargo & Company MN boosted its stake in shares of Planet Labs PBC by 129.3% during the 4th quarter. Wells Fargo & Company MN now owns 346,631 shares of the company's stock worth $1,400,000 after acquiring an additional 195,471 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Planet Labs PBC by 14.3% during the 4th quarter. Invesco Ltd. now owns 287,843 shares of the company's stock worth $1,163,000 after acquiring an additional 35,990 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Planet Labs PBC by 12.8% during the 4th quarter. Legal & General Group Plc now owns 231,595 shares of the company's stock worth $936,000 after acquiring an additional 26,333 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Planet Labs PBC during the 4th quarter worth about $1,648,000. Finally, Barclays PLC boosted its stake in shares of Planet Labs PBC by 12.8% during the 4th quarter. Barclays PLC now owns 367,735 shares of the company's stock worth $1,485,000 after acquiring an additional 41,588 shares in the last quarter. 41.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on PL. 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. Wedbush increased their target price 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. JMP Securities upped their price target 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. The Goldman Sachs Group started coverage on shares of Planet Labs PBC in a research report on Monday, June 30th. They set a "neutral" rating and a $4.60 price target for the company. Finally, Citigroup upped their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $6.86.

Planet Labs PBC Trading Up 2.0%

PL stock traded up $0.15 during mid-day trading on Thursday, reaching $7.23. The company's stock had a trading volume of 7,791,513 shares, compared to its average volume of 5,405,033. The stock has a market cap of $2.19 billion, a PE ratio of -20.07 and a beta of 1.80. Planet Labs PBC has a fifty-two week low of $1.76 and a fifty-two week high of $7.72. The company's 50 day moving average is $6.46 and its two-hundred day moving average is $4.93.

Planet Labs PBC (NYSE:PL - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates 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 net margin of 42.58% and a negative return on equity of 23.36%. Planet Labs PBC has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts forecast that Planet Labs PBC will post -0.37 earnings per share for the current fiscal 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.