Crown Wealth Group LLC Reduces Stock Holdings in Planet Labs PBC $PL

Crown Wealth Group LLC decreased its holdings in Planet Labs PBC (NYSE:PL) by 31.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,286 shares of the company’s stock after selling 9,714 shares during the quarter. Crown Wealth Group LLC’s holdings in Planet Labs PBC were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PL. Liontrust Investment Partners LLP lifted its stake in 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 worth $3,604,000 after acquiring an additional 678,486 shares during the period. Goldman Sachs Group Inc. raised its holdings in Planet Labs PBC by 54.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company’s stock worth $6,274,000 after purchasing an additional 653,173 shares in the last quarter. Nuveen LLC bought a new position in Planet Labs PBC in the first quarter worth $1,668,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Planet Labs PBC by 144.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 709,657 shares of the company’s stock worth $2,399,000 after purchasing an additional 419,773 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Planet Labs PBC by 41.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,323,263 shares of the company’s stock worth $4,473,000 after purchasing an additional 389,375 shares in the last quarter. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Analysts Set New Price Targets

PL has been the subject of a number of research reports. Wall Street Zen upgraded Planet Labs PBC from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Citigroup reiterated an “outperform” rating on shares of Planet Labs PBC in a report on Tuesday, September 9th. JMP Securities increased their price objective on Planet Labs PBC from $8.00 to $11.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 9th. Wedbush increased their price objective on Planet Labs PBC from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, June 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.50 price objective (up previously from $6.30) on shares of Planet Labs PBC in a report on Tuesday, June 24th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Planet Labs PBC has an average rating of “Moderate Buy” and an average target price of $7.56.

Planet Labs PBC Price Performance

Shares of NYSE:PL opened at $11.96 on Friday. Planet Labs PBC has a 1-year low of $2.06 and a 1-year high of $12.28. The business has a fifty day moving average price of $7.69 and a 200-day moving average price of $5.52. The company has a market capitalization of $3.68 billion, a PE ratio of -39.85 and a beta of 1.81.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings results on Monday, September 8th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. The company had revenue of $73.39 million for the quarter, compared to the consensus estimate of $65.88 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Planet Labs PBC’s revenue was up 20.1% compared to the same quarter last year. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Planet Labs PBC Company 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.