Teramo Advisors LLC Sells 579,400 Shares of Planet Labs PBC $PL

Teramo Advisors LLC lessened its holdings in shares of Planet Labs PBC (NYSE:PL) by 53.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 500,700 shares of the company’s stock after selling 579,400 shares during the period. Planet Labs PBC accounts for 0.9% of Teramo Advisors LLC’s portfolio, making the stock its 4th largest position. Teramo Advisors LLC’s holdings in Planet Labs PBC were worth $3,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PL. Goldman Sachs Group Inc. boosted its position 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 worth $6,274,000 after purchasing an additional 653,173 shares during the last quarter. LBP AM SA lifted its stake in Planet Labs PBC by 17.0% in the second quarter. LBP AM SA now owns 934,158 shares of the company’s stock valued at $5,698,000 after buying an additional 135,680 shares during the period. Conestoga Capital Advisors LLC lifted its stake in Planet Labs PBC by 13.1% in the second quarter. Conestoga Capital Advisors LLC now owns 427,365 shares of the company’s stock valued at $2,607,000 after buying an additional 49,615 shares during the period. Eleva Capital SAS bought a new position in Planet Labs PBC during the second quarter worth about $787,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Planet Labs PBC during the 2nd quarter worth about $140,000. Institutional investors own 41.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PL. Citizens Jmp downgraded shares of Planet Labs PBC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. Wedbush upped their target price on shares of Planet Labs PBC from $11.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Planet Labs PBC from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Wednesday, October 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Planet Labs PBC in a research note on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Planet Labs PBC currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.26.

Planet Labs PBC Stock Performance

Shares of PL opened at $11.75 on Wednesday. The firm has a market cap of $3.62 billion, a P/E ratio of -39.15 and a beta of 1.99. Planet Labs PBC has a twelve month low of $2.79 and a twelve month high of $16.78. The firm’s 50 day moving average price is $12.91 and its two-hundred day moving average price is $8.49.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings results on Monday, September 8th. The company reported ($0.07) earnings per share 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 for the quarter, compared to the consensus estimate of $65.88 million. During the same period in the prior year, the business earned ($0.06) earnings per share. Planet Labs PBC’s revenue 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. On average, sell-side analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Insider Activity at Planet Labs PBC

In other news, insider Robert H. Schingler sold 81,656 shares of Planet Labs PBC stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $15.50, for a total value of $1,265,668.00. Following the completion of the transaction, the insider owned 1,288,843 shares of the company’s stock, valued at $19,977,066.50. This trade represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 17.53% of the stock is currently owned by company insiders.

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.