Connective Portfolio Management LLC Takes Position in Planet Labs PBC $PL

Connective Portfolio Management LLC purchased a new stake in shares of Planet Labs PBC (NYSE:PL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 80,000 shares of the company’s stock, valued at approximately $1,578,000. Planet Labs PBC makes up 2.8% of Connective Portfolio Management LLC’s investment portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in Planet Labs PBC in the 3rd quarter valued at about $32,000. Larson Financial Group LLC acquired a new stake in shares of Planet Labs PBC during the third quarter valued at about $39,000. GAMMA Investing LLC increased its position in shares of Planet Labs PBC by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock worth $40,000 after acquiring an additional 1,195 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Planet Labs PBC by 59.3% during the third quarter. Jones Financial Companies Lllp now owns 3,591 shares of the company’s stock worth $44,000 after acquiring an additional 1,337 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Planet Labs PBC in the third quarter worth about $56,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Stock Up 10.7%

NYSE:PL opened at $35.23 on Thursday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.64 and a current ratio of 1.65. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of -45.17 and a beta of 1.95. Planet Labs PBC has a one year low of $2.79 and a one year high of $37.05. The stock has a 50-day simple moving average of $25.63 and a 200 day simple moving average of $18.49.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.43). The firm had revenue of $86.82 million for the quarter, compared to analyst estimates of $78.17 million. Planet Labs PBC had a negative net margin of 80.22% and a negative return on equity of 69.61%. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. Sell-side analysts predict that Planet Labs PBC will post -0.37 EPS for the current fiscal year.

Insider Transactions at Planet Labs PBC

In other Planet Labs PBC news, insider Robert H. Schingler sold 73,782 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $19.35, for a total transaction of $1,427,681.70. Following the completion of the sale, the insider owned 1,164,729 shares in the company, valued at $22,537,506.15. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kristen Robinson sold 47,835 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $26.96, for a total transaction of $1,289,631.60. Following the sale, the director directly owned 222,897 shares in the company, valued at $6,009,303.12. This trade represents a 17.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 292,348 shares of company stock valued at $7,323,958. 17.53% of the stock is currently owned by insiders.

Planet Labs PBC News Summary

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Planet is hiring to operationalize a new Berlin satellite manufacturing facility, marking a concrete step in its European expansion and capacity buildout that should support growth and supply reliability. Planet Labs PBC Accelerates European Expansion
• Positive Sentiment: Company commentary and press coverage highlight strong recent results: record quarterly revenue, a sizeable backlog and the first full-year adjusted EBITDA profitability — indicators of improving unit economics and higher revenue visibility. You’re Up 150% On Planet Labs, What To Do Now?
• Positive Sentiment: Broader space-sector momentum (and speculation around a potential SpaceX IPO) is drawing investor interest to space stocks like Planet Labs, boosting sentiment and fund flows into the group. Is 2026 the Year of Space Stocks?
• Positive Sentiment: Media coverage points out Planet’s strong YTD performance and leadership within industrials, underscoring momentum that can attract momentum-driven and institutional buyers. Planet Labs (PL) Stock Leads Industrial Sector
• Neutral Sentiment: Morgan Stanley raised its price target from $26 to $35 but kept an “equal weight” rating; the new target sits near the current market price, providing validation for recent gains but offering limited near-term upside from this particular call. Morgan Stanley Raises Planet Labs Target to $35

Analyst Ratings Changes

PL has been the subject of a number of analyst reports. Zacks Research raised Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Thursday, January 22nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $16.40 target price on shares of Planet Labs PBC in a research note on Tuesday, January 20th. Morgan Stanley raised their price target on shares of Planet Labs PBC from $26.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Cantor Fitzgerald upped their price target on shares of Planet Labs PBC from $20.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.25.

Planet Labs PBC Company Profile

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.