American Century Companies Inc. Purchases 58,763 Shares of Planet Labs PBC $PL

American Century Companies Inc. raised its stake in shares of Planet Labs PBC (NYSE:PL) by 11.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,981 shares of the company’s stock after buying an additional 58,763 shares during the quarter. American Century Companies Inc. owned about 0.18% of Planet Labs PBC worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PL. Dimensional Fund Advisors LP grew its holdings in Planet Labs PBC by 101.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,013,845 shares of the company’s stock valued at $8,140,000 after buying an additional 1,013,234 shares in the last quarter. Liontrust Investment Partners LLP grew its holdings in shares of Planet Labs PBC by 175.0% in the first quarter. Liontrust Investment Partners LLP now owns 1,066,133 shares of the company’s stock valued at $3,604,000 after purchasing an additional 678,486 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Planet Labs PBC during the fourth quarter worth $2,568,000. Nuveen LLC purchased a new position in Planet Labs PBC during the first quarter worth $1,668,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Planet Labs PBC by 144.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 709,657 shares of the company’s stock worth $2,399,000 after buying an additional 419,773 shares during the period. 41.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Planet Labs PBC in a research note on Monday, June 30th. They set a “neutral” rating and a $4.60 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $8.00 price objective on shares of Planet Labs PBC in a report on Thursday, June 5th. Wedbush lifted their price objective on Planet Labs PBC from $5.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. Citigroup lifted their price objective on Planet Labs PBC from $5.00 to $7.00 and gave the company a “buy” rating in a report on Friday, June 6th. Finally, Wall Street Zen upgraded Planet Labs PBC from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.86.

Planet Labs PBC Stock Performance

Shares of Planet Labs PBC stock opened at $7.10 on Tuesday. The company has a market capitalization of $2.15 billion, a PE ratio of -19.71 and a beta of 1.81. The company has a 50-day simple moving average of $6.54 and a two-hundred day simple moving average of $4.92. Planet Labs PBC has a one year low of $1.76 and a one year high of $7.72.

Planet Labs PBC (NYSE:PL) last announced its earnings results on Wednesday, June 4th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $66.27 million during the quarter, compared to the consensus estimate of $62.25 million. Planet Labs PBC had a negative net margin of 42.58% and a negative return on equity of 23.36%. Planet Labs PBC has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts predict that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

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.