XTX Topco Ltd Invests $2.04 Million in Planet Labs PBC $PL

XTX Topco Ltd acquired a new stake in shares of Planet Labs PBC (NYSE:PL) during the second quarter, HoldingsChannel reports. The fund acquired 334,561 shares of the company’s stock, valued at approximately $2,041,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Iron Gate Global Advisors LLC bought a new stake in Planet Labs PBC during the 1st quarter worth approximately $36,000. HighTower Advisors LLC bought a new position in shares of Planet Labs PBC in the first quarter worth approximately $37,000. Wellington Shields & Co. LLC purchased a new stake in shares of Planet Labs PBC in the first quarter worth $39,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Planet Labs PBC by 143.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 13,249 shares of the company’s stock worth $45,000 after purchasing an additional 7,799 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Planet Labs PBC by 32.1% during the 1st quarter. Mackenzie Financial Corp now owns 13,364 shares of the company’s stock valued at $45,000 after purchasing an additional 3,245 shares during the period. 41.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PL has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Planet Labs PBC in a report on Tuesday, October 21st. Citizens Jmp downgraded Planet Labs PBC from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 21st. Cantor Fitzgerald upped their price objective 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Planet Labs PBC from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.26.

Planet Labs PBC Trading Up 0.1%

Shares of PL stock opened at $11.74 on Friday. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of -39.15 and a beta of 1.99. Planet Labs PBC has a 12-month low of $2.79 and a 12-month high of $16.78. The stock’s 50-day moving average price is $12.97 and its 200-day moving average price is $8.53.

Planet Labs PBC (NYSE:PL) last released 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 net margin of 34.46% and a negative return on equity of 20.25%. The firm had revenue of $73.39 million for the quarter, compared to analysts’ expectations of $65.88 million. During the same quarter in the prior year, the business earned ($0.06) EPS. The business’s quarterly 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. As a group, research analysts predict that Planet Labs PBC will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling at Planet Labs PBC

In related news, insider Robert H. Schingler sold 81,656 shares of the firm’s stock in a transaction on 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 directly owned 1,288,843 shares of the company’s stock, valued at approximately $19,977,066.50. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 17.53% of the company’s stock.

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.