Robert Schingler Sells 73,683 Shares of Planet Labs PBC (NYSE:PL) Stock

Planet Labs PBC (NYSE:PL) insider Robert Schingler sold 73,683 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $35.07, for a total transaction of $2,584,062.81. Following the sale, the insider owned 256,488 shares in the company, valued at $8,995,034.16. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Planet Labs PBC Stock Performance

Shares of PL stock opened at $34.17 on Friday. Planet Labs PBC has a 12 month low of $2.92 and a 12 month high of $38.21. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 2.37. The stock has a market capitalization of $11.83 billion, a P/E ratio of -43.81 and a beta of 1.83. The firm’s 50 day moving average is $26.86 and its 200 day moving average is $20.19.

Planet Labs PBC (NYSE:PL) last posted its earnings results 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). Planet Labs PBC had a negative return on equity of 69.61% and a negative net margin of 80.22%.The firm had revenue of $86.82 million during the quarter, compared to analysts’ expectations of $78.17 million. The company’s revenue was up 41.1% on a year-over-year basis. On average, sell-side analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on PL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Thursday, January 22nd. Citigroup increased their target price on shares of Planet Labs PBC from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Planet Labs PBC from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Northland Securities set a $28.00 target price on shares of Planet Labs PBC in a research note on Tuesday, January 13th. Finally, Zacks Research upgraded shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.70.

Hedge Funds Weigh In On Planet Labs PBC

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Planet Labs PBC by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 19,358,515 shares of the company’s stock valued at $381,750,000 after purchasing an additional 806,818 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Planet Labs PBC by 0.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,820,400 shares of the company’s stock worth $47,704,000 after acquiring an additional 20,400 shares during the last quarter. Van ECK Associates Corp grew its holdings in Planet Labs PBC by 320.3% in the 4th quarter. Van ECK Associates Corp now owns 7,678,938 shares of the company’s stock worth $151,429,000 after acquiring an additional 5,851,758 shares during the last quarter. Geode Capital Management LLC grew its holdings in Planet Labs PBC by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 5,702,642 shares of the company’s stock worth $112,475,000 after acquiring an additional 71,381 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Planet Labs PBC by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,137,871 shares of the company’s stock worth $81,599,000 after acquiring an additional 301,757 shares during the last quarter. Institutional investors own 41.71% of the company’s stock.

Planet Labs PBC News Summary

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

• Positive Sentiment: Planet raised revenue guidance for Q1 2027 ($87M–$91M vs. ~$83.2M consensus) and for FY2027 ($415M–$440M vs. ~$377.3M consensus), signaling stronger top‑line growth expectations that support upside to valuation.
• Positive Sentiment: Analyst momentum — at least one firm lifted its PL price target (up ~11.15% to $35.60), reflecting renewed bullishness from the sell‑side that can attract buyers. Read More.
• Positive Sentiment: Operational catalysts: Planet demonstrated on‑orbit AI capability (Pelican‑4 running AI object detection) and shipped additional Pelican satellites to the launch site — both improve product differentiation, faster analytics and future premium revenue potential. Read More. Read More.
• Positive Sentiment: High‑profile endorsements and industry coverage (Jim Cramer saying “I would stay long” and Zacks highlighting the satellite/communications group) can lift retail/institutional interest. Read More.
• Neutral Sentiment: Industry narrative: pieces like MarketBeat’s “Going Dark” emphasize government reliance on satellite imagery (a strategic tailwind over time) but don’t by themselves change near‑term fundamentals. Read More.
• Negative Sentiment: Insider selling: Founding insider Robert H. Schingler sold 73,683 shares under a 10b5‑1 plan (≈$2.6M at ~$35.07), adding to recent insider sell headlines that can weigh on sentiment. Read More.
• Negative Sentiment: Regulatory/geopolitical risk: Planet agreed to withhold imagery of Iran and parts of the Middle East at the U.S. government’s request — this reduces available data/product scope in some regions and highlights operational constraints. Read More.

About Planet Labs PBC

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.