Robert Schingler Sells 73,683 Shares of Planet Labs PBC (NYSE:PL) Stock

Key Points

• Robert Schingler sold 73,683 Planet Labs shares on April 6 at an average price of $35.07 for about $2.58M, cutting his stake by 22.32% to 256,488 shares; the trade was made under a pre‑arranged Rule 10b5‑1 plan and disclosed to the SEC.
• Shares rose to $36.52 on heavy volume amid positive news (a successful on‑orbit AI object‑detection demo and analyst price‑target upgrades), but the company still posts negative EPS, high leverage (debt/equity ~2.37) and carries a MarketBeat consensus rating of "Hold" with a $27.70 price target.

Planet Labs PBC (NYSE:PL - Get Free Report) insider Robert Schingler sold 73,683 shares of Planet Labs PBC stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $35.07, for a total value of $2,584,062.81. Following the sale, the insider directly owned 256,488 shares in the company, valued at approximately $8,995,034.16. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Planet Labs PBC Stock Up 3.8%

Shares of NYSE PL traded up $1.35 during midday trading on Wednesday, reaching $36.52. 16,085,834 shares of the company's stock were exchanged, compared to its average volume of 14,125,280. Planet Labs PBC has a 52-week low of $2.92 and a 52-week high of $38.21. The stock has a market capitalization of $12.64 billion, a PE ratio of -46.82 and a beta of 1.83. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.64 and a current ratio of 1.65. The business's fifty day moving average price is $26.53 and its two-hundred day moving average price is $19.98.

Planet Labs PBC (NYSE:PL - Get Free Report) last announced its earnings results on Thursday, March 19th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.43). Planet Labs PBC had a negative return on equity of 69.61% and a negative net margin of 80.22%.The business had revenue of $86.82 million for the quarter, compared to analysts' expectations of $78.17 million. The firm's revenue for the quarter was up 41.1% compared to the same quarter last year. Analysts forecast that Planet Labs PBC will post -0.37 EPS for the current year.

Key Headlines Impacting Planet Labs PBC

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Planet announced a successful on‑orbit AI object‑detection demo on its Pelican‑4 satellite — a milestone for "Planetary Intelligence" that could speed time‑to‑insight for customers and expand higher‑margin data services. Planet Successfully Runs AI in Space
• Positive Sentiment: Market commentary argues Planet's compliance with a government blackout highlights deep government ties and a durable competitive moat — a potential long‑term revenue/contract tailwind for national‑security business. Going Dark: A Strange Buy Signal from the Stars
• Positive Sentiment: Analyst interest is rising (price‑target increases and "best aerospace stocks" lists), supporting upside expectations from Wall Street. Example coverage highlights upgraded targets and "Strong Buy" placement. Planet Labs PBC (PL): Among the Best Aerospace Stocks to Buy Right Now
• Neutral Sentiment: Industry comparison and hype pieces (including articles on very large multi‑bag returns in some space names) are circulating — they can drive interest and volatility but don't change Planet's underlying fundamentals. This Unstoppable Stock is up 902% in 1 Year: Should You Buy?
• Neutral Sentiment: Key fundamentals: strong revenue growth but continued negative EPS and high leverage (negative margins and a debt/equity ~2.4). These metrics keep long‑term profitability as a watch item for investors. PL Stock Profile
• Negative Sentiment: Planet's CFO sold 200,000 shares (~$7.02M) on April 2, reducing her stake by ~9.6% — a material insider sale that prompted short‑term selling pressure and headline risk. CFO Sells $7,020,000.00 in Stock
• Negative Sentiment: Planet complied with a U.S. government request to indefinitely withhold imagery of Iran and parts of the Middle East — a regulatory/operational risk that could limit commercial data sales in affected regions and raise perception of government dependence. Satellite firm Planet Labs to indefinitely withhold Iran war images
• Negative Sentiment: Market reaction: coverage noted a modest intraday slide after the CFO sale despite analyst upgrades — showing how insider transactions can outweigh positive news in the short term. Planet Labs (PL) Stock Slides 2.6% Following CFO’s $7M Share Sale

Institutional Trading of Planet Labs PBC

Several hedge funds and other institutional investors have recently bought and sold shares of PL. AQR Capital Management LLC increased its holdings in Planet Labs PBC by 671.1% in the first quarter. AQR Capital Management LLC now owns 92,693 shares of the company's stock valued at $313,000 after buying an additional 80,672 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Planet Labs PBC in the first quarter valued at about $189,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Planet Labs PBC by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company's stock valued at $442,000 after acquiring an additional 8,143 shares during the period. Goldman Sachs Group Inc. boosted its stake in Planet Labs PBC by 54.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company's stock valued at $6,274,000 after acquiring an additional 653,173 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new position in Planet Labs PBC in the second quarter valued at approximately $121,000. 41.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Craig Hallum reissued a "buy" rating and issued a $30.00 price objective on shares of Planet Labs PBC in a report on Tuesday, January 13th. Cantor Fitzgerald boosted their price objective on Planet Labs PBC from $20.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, March 20th. Wedbush boosted their price objective on Planet Labs PBC from $30.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, March 20th. National Bank Financial set a $12.30 price objective on Planet Labs PBC in a report on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Planet Labs PBC from $16.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, December 11th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Planet Labs PBC presently has a consensus rating of "Hold" and a consensus price target of $27.70.

About Planet Labs PBC

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company's multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet's imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.

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