Iron Gate Global Advisors LLC Invests $36,000 in Planet Labs PBC $PL

Iron Gate Global Advisors LLC purchased a new position in Planet Labs PBC (NYSE:PL) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 10,600 shares of the company’s stock, valued at approximately $36,000.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC bought a new position in shares of Planet Labs PBC in the 1st quarter worth $37,000. Cetera Investment Advisers bought a new position in shares of Planet Labs PBC in the 4th quarter worth $46,000. Forum Financial Management LP bought a new position in shares of Planet Labs PBC in the 1st quarter worth $39,000. Wellington Shields & Co. LLC bought a new position in shares of Planet Labs PBC in the 1st quarter worth $39,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Planet Labs PBC by 143.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 13,249 shares of the company’s stock worth $45,000 after acquiring an additional 7,799 shares in the last quarter. 41.71% of the stock is owned by institutional investors.

Planet Labs PBC Stock Performance

Shares of PL stock opened at $8.95 on Thursday. The stock’s 50-day simple moving average is $6.79 and its 200-day simple moving average is $5.03. The firm has a market capitalization of $2.71 billion, a PE ratio of -29.82 and a beta of 1.81. Planet Labs PBC has a fifty-two week low of $1.84 and a fifty-two week high of $9.71.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings data on Monday, September 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $73.39 million during the quarter, compared to analyst estimates of $65.88 million. Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) earnings per share. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts forecast that Planet Labs PBC will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PL shares. Wedbush boosted their price target on Planet Labs PBC from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.50 target price (up from $6.30) on shares of Planet Labs PBC in a research report on Tuesday, June 24th. Wall Street Zen raised Planet Labs PBC from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. The Goldman Sachs Group initiated coverage on Planet Labs PBC in a research report on Monday, June 30th. They set a “neutral” rating and a $4.60 target price on the stock. Finally, Citigroup reaffirmed an “outperform” rating on shares of Planet Labs PBC in a research report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Planet Labs PBC currently has an average rating of “Moderate Buy” and a consensus price target 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.