Planet Labs PBC $PL Shares Sold by Lbp Am Sa

Lbp Am Sa lowered its position in shares of Planet Labs PBC (NYSE:PL) by 6.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 874,527 shares of the company’s stock after selling 59,631 shares during the period. Lbp Am Sa owned approximately 0.28% of Planet Labs PBC worth $11,351,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PL. SBI Securities Co. Ltd. grew its holdings in 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 acquiring an additional 3,068 shares during the period. Tableaux LLC acquired a new stake in shares of Planet Labs PBC in the 2nd quarter valued at $61,000. May Hill Capital LLC bought a new position in Planet Labs PBC in the 2nd quarter worth approximately $62,000. Los Angeles Capital Management LLC bought a new stake in shares of Planet Labs PBC in the 2nd quarter valued at about $68,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Planet Labs PBC during the second quarter worth $70,000. 41.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PL has been the subject of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Thursday. Wedbush lifted their target price on Planet Labs PBC from $20.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Planet Labs PBC in a research note on Thursday, December 11th. Citizens Jmp cut shares of Planet Labs PBC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. Finally, JMP Securities restated a “market perform” rating on shares of Planet Labs PBC in a report on Tuesday, October 21st. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.64.

Insider Activity at Planet Labs PBC

In other Planet Labs PBC news, insider Robert H. Schingler sold 73,782 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $19.35, for a total value of $1,427,681.70. Following the transaction, the insider directly owned 1,164,729 shares in the company, valued at $22,537,506.15. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ashley F. Johnson sold 150,731 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $27.01, for a total transaction of $4,071,244.31. Following the completion of the sale, the chief financial officer directly owned 1,956,101 shares in the company, valued at $52,834,288.01. This trade represents a 7.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 292,348 shares of company stock worth $7,323,958 over the last 90 days. 17.53% of the stock is owned by insiders.

Planet Labs PBC Stock Performance

PL stock opened at $25.90 on Tuesday. Planet Labs PBC has a one year low of $2.79 and a one year high of $30.90. The company has a debt-to-equity ratio of 1.28, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of -61.67 and a beta of 1.94. The firm has a 50-day simple moving average of $18.75 and a two-hundred day simple moving average of $13.04.

Planet Labs PBC Company Profile

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.