Next Century Growth Investors LLC Decreases Holdings in Planet Labs PBC $PL

Next Century Growth Investors LLC trimmed its holdings in shares of Planet Labs PBC (NYSE:PL) by 40.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,065,166 shares of the company’s stock after selling 712,365 shares during the period. Planet Labs PBC makes up 1.5% of Next Century Growth Investors LLC’s holdings, making the stock its 21st biggest holding. Next Century Growth Investors LLC’s holdings in Planet Labs PBC were worth $21,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in shares of Planet Labs PBC by 92.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 745 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Planet Labs PBC during the fourth quarter worth about $32,000. Larson Financial Group LLC acquired a new stake in shares of Planet Labs PBC during the third quarter worth about $39,000. GAMMA Investing LLC increased its position in shares of Planet Labs PBC by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock worth $40,000 after purchasing an additional 1,195 shares in the last quarter. Finally, North Star Investment Management Corp. increased its position in shares of Planet Labs PBC by 1,111.1% during the fourth quarter. North Star Investment Management Corp. now owns 2,180 shares of the company’s stock worth $43,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 41.71% of the company’s stock.

Planet Labs PBC News Roundup

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

• Positive Sentiment: Planet Labs is benefiting from a broad rally in space-related stocks as investors rotate into the sector ahead of SpaceX’s highly anticipated IPO. Planet Labs Stock Skyrockets Ahead Of SpaceX’s Friday IPO
• Positive Sentiment: Recent commentary says Planet Labs’ strong results and fresh catalysts could offer upside as investors position for the second half of 2025. 3 Stocks With Fresh Catalysts to Watch Before July 4 (PL)
• Positive Sentiment: Planet Labs is using its AIRS initiative to connect satellite data with sustainability use cases, which could expand commercial opportunities over time. Planet Labs Uses AIRS Initiative To Link Satellite Data With Sustainability
• Neutral Sentiment: Analyst note activity included mixed estimate changes from Northland Securities, reflecting some near-term uncertainty but no major change in the longer-term story. Analysts Offer Insights on Industrial Goods Companies: Bloom Energy (BE), Equifax (EFX) and Planet Labs PBC (PL)
• Negative Sentiment: Northland Securities lowered some future EPS estimates for Planet Labs, which could weigh on sentiment by highlighting continued profitability challenges. Analyst estimate updates for Planet Labs PBC (PL)

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PL shares. Wedbush restated an “outperform” rating and issued a $50.00 price target on shares of Planet Labs PBC in a research report on Friday, June 5th. Craig Hallum boosted their price target on Planet Labs PBC from $36.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Northland Securities set a $50.00 price target on Planet Labs PBC in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft set a $38.00 price target on Planet Labs PBC and gave the company a “buy” rating in a research report on Friday, March 27th. Finally, Cantor Fitzgerald boosted their price target on Planet Labs PBC from $20.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.28.

Planet Labs PBC Price Performance

Shares of PL opened at $31.16 on Friday. Planet Labs PBC has a twelve month low of $4.90 and a twelve month high of $51.76. The stock’s 50 day moving average is $38.99 and its two-hundred day moving average is $28.35. The firm has a market capitalization of $11.11 billion, a PE ratio of -27.34 and a beta of 1.99. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 1.01.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings data on Thursday, June 4th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The company had revenue of $94.15 million for the quarter, compared to analyst estimates of $90.39 million. The business’s quarterly revenue was up 42.1% compared to the same quarter last year. Research analysts anticipate that Planet Labs PBC will post -0.81 earnings per share for the current year.

Insider Buying and Selling

In other Planet Labs PBC news, insider Robert H. Schingler sold 73,683 shares of Planet Labs PBC stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $35.07, for a total value of $2,584,062.81. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of Planet Labs PBC stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $35.10, for a total value of $7,020,000.00. Following the completion of the sale, the chief financial officer directly owned 1,895,162 shares in the company, valued at $66,520,186.20. This represents a 9.55% decrease in their position. The SEC filing for this sale provides additional information. 16.42% of the stock is currently owned by insiders.

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.