Planet Labs PBC (NYSE:PL) Insider Sells $1,265,668.00 in Stock

Key Points

• Insider Trading: Robert Schingler sold 81,656 shares of Planet Labs PBC for a total of $1,265,668, reducing his ownership stake by 5.96% to approximately 1.29 million shares.
• Quarterly Earnings: The company reported a loss of ($0.07) EPS, missing estimates, but revenue increased by 20.1% year-over-year to $73.39 million.
• Analyst Ratings: Although some analysts have rated Planet Labs with "Sell" or "Neutral," others have suggested a "Market Outperform" with price targets varying from $4.60 to $11.00.

Planet Labs PBC (NYSE:PL - Get Free Report) insider Robert Schingler sold 81,656 shares of Planet Labs PBC stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $15.50, for a total transaction of $1,265,668.00. Following the transaction, the insider directly owned 1,288,843 shares in the company, valued at $19,977,066.50. This represents a 5.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Planet Labs PBC Stock Performance

Shares of NYSE PL traded up $0.24 during midday trading on Wednesday, reaching $15.02. The stock had a trading volume of 11,458,577 shares, compared to its average volume of 8,396,151. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -50.06 and a beta of 1.99. Planet Labs PBC has a 12-month low of $2.18 and a 12-month high of $16.78. The stock has a 50-day moving average of $9.77 and a 200-day moving average of $6.48.

Planet Labs PBC (NYSE:PL - Get Free Report) last posted 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). The business had revenue of $73.39 million for the quarter, compared to the consensus estimate of $65.88 million. Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. Planet Labs PBC's revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.06) earnings per share. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, analysts forecast that Planet Labs PBC will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Planet Labs PBC in a research note on Wednesday, October 8th. JMP Securities lifted their price objective on shares of Planet Labs PBC from $8.00 to $11.00 and gave the company a "market outperform" rating in a research report on Tuesday, September 9th. Citigroup reiterated an "outperform" rating on shares of Planet Labs PBC in a research report on Tuesday, September 9th. Cantor Fitzgerald reiterated an "overweight" rating and set a $8.50 price objective (up previously from $6.30) on shares of Planet Labs PBC in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group initiated 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 objective on the stock. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $8.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PL. Teacher Retirement System of Texas grew its stake in shares of Planet Labs PBC by 5.9% during the second quarter. Teacher Retirement System of Texas now owns 31,973 shares of the company's stock valued at $195,000 after buying an additional 1,782 shares during the last quarter. Choreo LLC lifted its position in shares of Planet Labs PBC by 19.7% during the second quarter. Choreo LLC now owns 13,072 shares of the company's stock worth $80,000 after purchasing an additional 2,148 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Planet Labs PBC by 45.1% during the second quarter. SBI Securities Co. Ltd. now owns 9,877 shares of the company's stock worth $60,000 after purchasing an additional 3,068 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Planet Labs PBC by 32.1% during the first quarter. Mackenzie Financial Corp now owns 13,364 shares of the company's stock valued at $45,000 after purchasing an additional 3,245 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Planet Labs PBC by 3.0% in the second quarter. New York State Common Retirement Fund now owns 139,296 shares of the company's stock worth $850,000 after purchasing an additional 3,993 shares during the last quarter. 41.71% of the stock is owned by hedge funds and other institutional investors.

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.

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