Planet Labs PBC (NYSE:PL) Trading Down 7.1% – Should You Sell?

Planet Labs PBC (NYSE:PL)’s share price fell 7.1% on Tuesday . The stock traded as low as $12.35 and last traded at $12.4360. 4,409,575 shares traded hands during trading, a decline of 48% from the average session volume of 8,423,924 shares. The stock had previously closed at $13.39.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Planet Labs PBC from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Cantor Fitzgerald lifted their price target on Planet Labs PBC from $8.50 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Citigroup reiterated an “outperform” rating on shares of Planet Labs PBC in a research report on Tuesday, September 9th. Needham & Company LLC raised their price objective on Planet Labs PBC from $12.00 to $16.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Wedbush boosted their target price on Planet Labs PBC from $11.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.26.

Planet Labs PBC Price Performance

The company has a market capitalization of $3.85 billion, a PE ratio of -41.70 and a beta of 1.99. The firm’s 50 day moving average is $12.21 and its 200 day moving average is $7.85.

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

Insider Activity

In related news, insider Robert H. Schingler sold 81,656 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $15.50, for a total transaction of $1,265,668.00. Following the completion of the transaction, the insider owned 1,288,843 shares in the company, valued at $19,977,066.50. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 17.53% of the company’s stock.

Institutional Trading of Planet Labs PBC

Several large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in Planet Labs PBC by 2.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 31,264 shares of the company’s stock worth $406,000 after purchasing an additional 781 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Planet Labs PBC by 4.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 21,641 shares of the company’s stock valued at $281,000 after purchasing an additional 925 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of Planet Labs PBC by 0.8% during the third quarter. 180 Wealth Advisors LLC now owns 147,032 shares of the company’s stock valued at $1,908,000 after buying an additional 1,114 shares during the period. Arizona State Retirement System raised its stake in Planet Labs PBC by 1.8% in the third quarter. Arizona State Retirement System now owns 62,646 shares of the company’s stock worth $813,000 after buying an additional 1,121 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Planet Labs PBC by 59.3% in the third quarter. Jones Financial Companies Lllp now owns 3,591 shares of the company’s stock worth $44,000 after buying an additional 1,337 shares in the last quarter. Institutional investors own 41.71% of the company’s stock.

About Planet Labs PBC

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.