Charles Schwab Investment Management Inc. Purchases 201,084 Shares of Planet Labs PBC (NYSE:PL)

Charles Schwab Investment Management Inc. lifted its holdings in Planet Labs PBC (NYSE:PL) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,732,546 shares of the company’s stock after acquiring an additional 201,084 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.59% of Planet Labs PBC worth $3,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Planet Labs PBC during the 2nd quarter worth approximately $632,000. Renaissance Technologies LLC raised its position in shares of Planet Labs PBC by 52.2% during the second quarter. Renaissance Technologies LLC now owns 600,800 shares of the company’s stock worth $1,117,000 after purchasing an additional 206,000 shares during the period. Squarepoint Ops LLC raised its position in shares of Planet Labs PBC by 343.7% during the second quarter. Squarepoint Ops LLC now owns 172,092 shares of the company’s stock worth $320,000 after purchasing an additional 133,307 shares during the period. XTX Topco Ltd bought a new position in shares of Planet Labs PBC in the 2nd quarter worth $201,000. Finally, Conestoga Capital Advisors LLC grew its position in Planet Labs PBC by 24.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 495,450 shares of the company’s stock valued at $1,105,000 after purchasing an additional 97,350 shares during the period. 41.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on PL. Craig Hallum lifted their target price on shares of Planet Labs PBC from $2.50 to $3.50 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $4.50 price target (up from $4.00) on shares of Planet Labs PBC in a research report on Monday, December 9th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price objective on shares of Planet Labs PBC in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group decreased their target price on Planet Labs PBC from $3.50 to $3.10 and set a “buy” rating for the company in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.14.

Planet Labs PBC Stock Up 3.1 %

Shares of Planet Labs PBC stock opened at $4.01 on Friday. The business has a 50 day moving average of $2.96 and a 200 day moving average of $2.43. Planet Labs PBC has a 52 week low of $1.67 and a 52 week high of $4.99. The company has a market cap of $1.19 billion, a PE ratio of -9.78 and a beta of 1.34.

Planet Labs PBC 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.