Insider Selling: Planet Labs PBC (NYSE:PL) CFO Sells 200,000 Shares of Stock

Planet Labs PBC (NYSE:PL) CFO Ashley Johnson sold 200,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $35.10, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief financial officer owned 1,895,162 shares of the company’s stock, valued at approximately $66,520,186.20. This represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Planet Labs PBC Stock Down 2.6%

PL stock traded down $0.92 during midday trading on Monday, hitting $34.96. 12,512,728 shares of the stock traded hands, compared to its average volume of 18,671,786. Planet Labs PBC has a 1-year low of $2.79 and a 1-year high of $37.05. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 2.37. The stock’s fifty day simple moving average is $26.21 and its 200-day simple moving average is $19.64.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) earnings per share 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 firm had revenue of $86.82 million during the quarter, compared to analyst estimates of $78.17 million. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. As a group, analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on PL shares. Wedbush boosted their price objective on Planet Labs PBC from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Needham & Company LLC lifted their price target on shares of Planet Labs PBC to $40.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Northland Securities set a $28.00 price target on shares of Planet Labs PBC in a report on Tuesday, January 13th. Craig Hallum restated a “buy” rating and set a $30.00 price objective on shares of Planet Labs PBC in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Planet Labs PBC currently has a consensus rating of “Hold” and a consensus price target of $27.70.

Institutional Investors Weigh In On Planet Labs PBC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its position in Planet Labs PBC by 45.3% during the third quarter. New York State Common Retirement Fund now owns 202,384 shares of the company’s stock worth $2,627,000 after acquiring an additional 63,088 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in Planet Labs PBC in the 3rd quarter valued at about $13,564,000. Oppenheimer & Co. Inc. raised its holdings in Planet Labs PBC by 74.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,002,184 shares of the company’s stock valued at $25,988,000 after acquiring an additional 851,937 shares during the last quarter. Ranger Investment Management L.P. purchased a new position in Planet Labs PBC in the 3rd quarter worth approximately $2,688,000. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Planet Labs PBC during the 3rd quarter worth approximately $4,392,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Key Headlines Impacting Planet Labs PBC

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

• Positive Sentiment: Planet shipped three additional Pelican satellites to Vandenberg ahead of a CAS500/2 rideshare with SpaceX — expands the Pelican constellation, should improve revisit cadence and product capability, and supports future commercial and government revenue potential. Planet Ships Three Additional Pelicans to Launch Site
• Positive Sentiment: Analyst/commentary framing (market commentary titled “Going Dark”) argues the government-requested blackout can be a bullish signal — it underscores deep government relationships and a durable competitive moat tied to national-security contracts (supporting a stable backlog). (Market analysis referenced in recent coverage.)
• Neutral Sentiment: Industry comparison pieces weighing Planet vs. peers (e.g., AST SpaceMobile) are circulating — they can shift investor focus between growth prospects and differing business models but don’t change Planet’s near-term fundamentals. Space Stock Face-Off: Is AST SpaceMobile or Planet Labs Worth Your Money Right Now?
• Negative Sentiment: Planet complied with a U.S. government request to withhold imagery of Iran and parts of the Middle East indefinitely — this raises near-term concerns over data availability for commercial customers, potential revenue impacts in the region, and increased perception of regulatory/operational risk. Satellite firm Planet Labs to indefinitely withhold Iran war images
• Negative Sentiment: CFO Ashley F. Johnson sold 200,000 shares on April 2 at an average $35.10 (≈$7.02M), reducing her stake by ~9.6% — a material insider sale that can weigh on sentiment even though she retains a large holding. SEC filing: SEC Filing

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.