Lbp Am Sa Buys 135,680 Shares of Planet Labs PBC $PL

Lbp Am Sa boosted its stake in shares of Planet Labs PBC (NYSE:PL) by 17.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 934,158 shares of the company’s stock after purchasing an additional 135,680 shares during the period. Lbp Am Sa’s holdings in Planet Labs PBC were worth $5,698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in Planet Labs PBC during the 2nd quarter valued at about $186,000. Goldman Sachs Group Inc. raised its holdings in shares of 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 valued at $6,274,000 after purchasing an additional 653,173 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Planet Labs PBC by 2.3% in the 1st quarter. Rhumbline Advisers now owns 293,950 shares of the company’s stock valued at $994,000 after purchasing an additional 6,692 shares in the last quarter. Strs Ohio bought a new stake in shares of Planet Labs PBC in the 1st quarter valued at about $323,000. Finally, Iron Gate Global Advisors LLC bought a new stake in shares of Planet Labs PBC in the 1st quarter valued at about $36,000. Institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Stock Up 6.0%

NYSE PL opened at $13.77 on Thursday. The firm has a market cap of $4.24 billion, a PE ratio of -45.88 and a beta of 1.81. The company has a 50 day moving average price of $8.18 and a 200 day moving average price of $5.77. Planet Labs PBC has a 52 week low of $2.06 and a 52 week high of $14.02.

Planet Labs PBC (NYSE:PL) last posted its quarterly earnings data on Monday, September 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $73.39 million for the quarter, compared to the consensus estimate of $65.88 million. Planet Labs PBC had a negative return on equity of 20.25% and a negative net margin of 34.46%.The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) EPS. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on PL. Wall Street Zen upgraded shares of Planet Labs PBC from a “sell” rating to a “hold” rating in a report on Friday, June 6th. The Goldman Sachs Group began coverage on shares of Planet Labs PBC in a report on Monday, June 30th. They issued a “neutral” rating and a $4.60 price target for the company. Wedbush boosted their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $8.50 price target (up previously from $6.30) on shares of Planet Labs PBC in a report on Tuesday, June 24th. Finally, Needham & Company LLC boosted their price target on shares of Planet Labs PBC from $8.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Planet Labs PBC has an average rating of “Moderate Buy” and an average target price of $7.56.

Planet Labs PBC Company Profile

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.