11,237 Shares in Planet Labs PBC (NYSE:PL) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC acquired a new position in Planet Labs PBC (NYSE:PL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,237 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC lifted its stake in Planet Labs PBC by 4.1% in the fourth quarter. 180 Wealth Advisors LLC now owns 119,561 shares of the company’s stock valued at $285,000 after buying an additional 4,747 shares during the period. Crown Wealth Group LLC acquired a new position in Planet Labs PBC in the fourth quarter valued at approximately $49,000. Navalign LLC acquired a new position in Planet Labs PBC in the fourth quarter valued at approximately $28,000. SG Americas Securities LLC bought a new stake in shares of Planet Labs PBC during the fourth quarter valued at approximately $132,000. Finally, Jeppson Wealth Management LLC bought a new stake in shares of Planet Labs PBC during the fourth quarter valued at approximately $44,000. 41.71% of the stock is owned by institutional investors and hedge funds.

Planet Labs PBC Price Performance

PL opened at $1.72 on Wednesday. The stock’s 50 day simple moving average is $2.22 and its 200 day simple moving average is $2.29. Planet Labs PBC has a 1 year low of $1.71 and a 1 year high of $5.00. The firm has a market cap of $499.87 million, a price-to-earnings ratio of -3.37 and a beta of 0.78.

Analyst Ratings Changes

Several equities research analysts have recently commented on PL shares. Needham & Company LLC restated a “buy” rating and set a $7.00 price objective on shares of Planet Labs PBC in a report on Monday, April 1st. Citigroup decreased their price target on Planet Labs PBC from $4.50 to $3.90 and set a “buy” rating for the company in a report on Thursday, April 4th. The Goldman Sachs Group reduced their price objective on Planet Labs PBC from $4.80 to $4.20 and set a “buy” rating for the company in a research note on Friday, April 12th. JMP Securities dropped their price target on Planet Labs PBC from $5.50 to $4.00 and set a “market outperform” rating on the stock in a research report on Monday, April 1st. Finally, Benchmark dropped their price target on Planet Labs PBC from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5.01.

Planet Labs PBC Profile

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers planet monitoring, basemap, tasking, apps, variables, hyperspectral, analytic feeds, and platform, as well as planet professional services including launch program, architectural workshop, planet training, integration and data services, and quick start services; and technical support services, which includes planet help center, developer resource center, and planet community and university.