Planet Labs PBC (NYSE:PL) CFO Ashley Johnson Sells 200,000 Shares

Planet Labs PBC (NYSE:PL) CFO Ashley Johnson sold 200,000 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $35.10, for a total value of $7,020,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,895,162 shares in the company, valued at $66,520,186.20. This trade represents a 9.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Planet Labs PBC Stock Performance

Shares of Planet Labs PBC stock opened at $34.96 on Tuesday. The stock’s fifty day moving average is $26.39 and its two-hundred day moving average is $19.81. The company has a market capitalization of $12.10 billion, a PE ratio of -44.82 and a beta of 1.83. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 2.37. Planet Labs PBC has a 52 week low of $2.79 and a 52 week high of $37.05.

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

Trending Headlines about Planet Labs PBC

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

• Positive Sentiment: Planet shipped three additional Pelican satellites to Vandenberg ahead of a CAS500/2 rideshare with SpaceX — expands the Pelican constellation, should improve revisit cadence and product capability, and supports future commercial and government revenue potential. Planet Ships Three Additional Pelicans to Launch Site
• Positive Sentiment: Analyst/commentary framing (market commentary titled “Going Dark”) argues the government-requested blackout can be a bullish signal — it underscores deep government relationships and a durable competitive moat tied to national-security contracts (supporting a stable backlog). (Market analysis referenced in recent coverage.)
• Neutral Sentiment: Industry comparison pieces weighing Planet vs. peers (e.g., AST SpaceMobile) are circulating — they can shift investor focus between growth prospects and differing business models but don’t change Planet’s near-term fundamentals. Space Stock Face-Off: Is AST SpaceMobile or Planet Labs Worth Your Money Right Now?
• Negative Sentiment: Planet complied with a U.S. government request to withhold imagery of Iran and parts of the Middle East indefinitely — this raises near-term concerns over data availability for commercial customers, potential revenue impacts in the region, and increased perception of regulatory/operational risk. Satellite firm Planet Labs to indefinitely withhold Iran war images
• Negative Sentiment: CFO Ashley F. Johnson sold 200,000 shares on April 2 at an average $35.10 (≈$7.02M), reducing her stake by ~9.6% — a material insider sale that can weigh on sentiment even though she retains a large holding. SEC filing: SEC Filing

Institutional Trading of Planet Labs PBC

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new stake in Planet Labs PBC during the fourth quarter worth about $8,457,000. Osbon Capital Management LLC acquired a new stake in Planet Labs PBC in the fourth quarter valued at approximately $554,000. Caitong International Asset Management Co. Ltd grew its holdings in Planet Labs PBC by 5,433.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 61,860 shares of the company’s stock valued at $1,220,000 after purchasing an additional 60,742 shares during the period. Virtue Capital Management LLC grew its holdings in Planet Labs PBC by 1,837.6% in the fourth quarter. Virtue Capital Management LLC now owns 83,296 shares of the company’s stock valued at $1,700,000 after purchasing an additional 78,997 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Planet Labs PBC by 9.5% in the fourth quarter. Mackenzie Financial Corp now owns 14,631 shares of the company’s stock valued at $288,000 after purchasing an additional 1,267 shares during the period. 41.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PL shares. Craig Hallum reiterated a “buy” rating and issued a $30.00 price target on shares of Planet Labs PBC in a research note on Tuesday, January 13th. Needham & Company LLC increased their price target on Planet Labs PBC to $40.00 and gave the company a “buy” rating in a research note on Friday, March 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.40 price target on shares of Planet Labs PBC in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft increased their price target on Planet Labs PBC from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Wedbush increased their price target on Planet Labs PBC from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Planet Labs PBC presently has a consensus rating of “Hold” and an average price target of $27.70.

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.