Insider Selling: Planet Labs PBC (NYSE:PL) Insider Sells 73,683 Shares of Stock

Planet Labs PBC (NYSE:PL) insider Robert Schingler sold 73,683 shares of Planet Labs PBC stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $35.07, for a total value of $2,584,062.81. Following the completion of the transaction, the insider owned 256,488 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Planet Labs PBC Stock Performance

PL stock traded up $1.35 during midday trading on Wednesday, reaching $36.52. The company had a trading volume of 16,085,834 shares, compared to its average volume of 14,125,280. 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 has a 50 day moving average price of $26.53 and a 200 day moving average price of $19.98. Planet Labs PBC has a fifty-two week low of $2.92 and a fifty-two week high of $38.21. The firm has a market capitalization of $12.64 billion, a PE ratio of -46.82 and a beta of 1.83.

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

Analyst Ratings Changes

A number of equities analysts have commented on PL shares. Zacks Research upgraded Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Citigroup boosted their price objective on Planet Labs PBC from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. 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. Morgan Stanley increased their price objective on Planet Labs PBC from $26.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 25th. Finally, National Bank Financial set a $12.30 price objective on Planet Labs PBC in a report on Tuesday, December 16th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.70.

Key Stories 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

Hedge Funds Weigh In On Planet Labs PBC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PL. AQR Capital Management LLC grew its holdings in Planet Labs PBC by 671.1% in the 1st quarter. AQR Capital Management LLC now owns 92,693 shares of the company’s stock worth $313,000 after buying an additional 80,672 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Planet Labs PBC in the 1st quarter worth approximately $189,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Planet Labs PBC by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company’s stock worth $442,000 after buying an additional 8,143 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Planet Labs PBC by 54.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company’s stock worth $6,274,000 after buying an additional 653,173 shares in the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in Planet Labs PBC in the 2nd quarter worth approximately $121,000. 41.71% of the stock is owned by institutional investors.

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.