39,932 Shares in Planet Labs PBC $PL Purchased by State of Wyoming

Key Points

• The State of Wyoming acquired 39,932 shares of Planet Labs PBC (NYSE:PL), valued at approximately $135,000, highlighting growing institutional interest in the company.
• Planet Labs PBC experienced a variety of rating changes from analysts, with price targets ranging from $4.60 to $8.50 and a consensus price target of $6.86.
• In its recent earnings report, Planet Labs PBC reported a revenue of $66.27 million, surpassing analysts' expectations, while also noting a negative earnings per share of ($0.04).

State of Wyoming purchased a new stake in shares of Planet Labs PBC (NYSE:PL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 39,932 shares of the company's stock, valued at approximately $135,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Planet Labs PBC by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 16,213,565 shares of the company's stock valued at $54,802,000 after purchasing an additional 261,171 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Planet Labs PBC by 101.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,013,845 shares of the company's stock valued at $8,140,000 after acquiring an additional 1,013,234 shares during the last quarter. Northern Trust Corp raised its holdings in Planet Labs PBC by 8.0% during the 4th quarter. Northern Trust Corp now owns 1,966,504 shares of the company's stock valued at $7,945,000 after buying an additional 145,123 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Planet Labs PBC by 41.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,323,263 shares of the company's stock worth $4,473,000 after purchasing an additional 389,375 shares during the period. Finally, Liontrust Investment Partners LLP increased its stake in Planet Labs PBC by 175.0% in the first quarter. Liontrust Investment Partners LLP now owns 1,066,133 shares of the company's stock worth $3,604,000 after purchasing an additional 678,486 shares during the period. 41.71% of the stock is currently owned by institutional investors.

Planet Labs PBC Stock Performance

Shares of NYSE:PL traded up $0.94 during midday trading on Thursday, reaching $9.91. 16,327,352 shares of the company's stock traded hands, compared to its average volume of 7,488,708. Planet Labs PBC has a 1 year low of $1.92 and a 1 year high of $9.98. The company has a market cap of $3.01 billion, a P/E ratio of -33.12 and a beta of 1.81. The company has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $5.03.

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

Analyst Ratings Changes

PL has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Planet Labs PBC from a "sell" rating to a "hold" rating in a report on Friday, June 6th. The Goldman Sachs Group initiated coverage on shares of Planet Labs PBC in a report on Monday, June 30th. They issued a "neutral" rating and a $4.60 price target on the stock. Citigroup reiterated an "outperform" rating on shares of Planet Labs PBC in a report on Tuesday. Needham & Company LLC increased their price target on shares of Planet Labs PBC from $8.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Wedbush upped their price objective on Planet Labs PBC from $5.00 to $7.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Planet Labs PBC currently has an average rating of "Moderate Buy" and an average target price of $7.56.

Planet Labs PBC 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.