Public Employees Retirement System of Ohio Buys Shares of 79,530 Planet Labs PBC $PL

Public Employees Retirement System of Ohio purchased a new position in Planet Labs PBC (NYSE:PL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 79,530 shares of the company’s stock, valued at approximately $2,635,000.

A number of other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in shares of Planet Labs PBC by 671.1% during the 1st quarter. AQR Capital Management LLC now owns 92,693 shares of the company’s stock worth $313,000 after acquiring an additional 80,672 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Planet Labs PBC in the first quarter valued at $189,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Planet Labs PBC by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company’s stock valued at $442,000 after acquiring an additional 8,143 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Planet Labs PBC by 54.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company’s stock valued at $6,274,000 after purchasing an additional 653,173 shares in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in Planet Labs PBC during the second quarter valued at about $121,000. Institutional investors own 41.71% of the company’s stock.

Planet Labs PBC News Roundup

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

• Positive Sentiment: Planet posted record fiscal Q2 revenue of $116.1 million, up 58% year over year and well above the $104.5 million consensus estimate. Adjusted earnings of $0.02 per share also exceeded expectations for a $0.02 loss. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
• Positive Sentiment: Management raised fiscal 2027 guidance and highlighted a satellite-services pipeline exceeding $4 billion, along with accelerating investment in its Owl satellite initiative. These developments support the longer-term growth case. PL Q2 Earnings Call Highlights Satellite Services Expansion
• Positive Sentiment: Planet announced a seven-figure agreement with a European defense and intelligence customer, adding to investor interest in its government and defense business. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
• Positive Sentiment: Analyst sentiment improved: Berenberg upgraded Planet to “strong buy,” while Needham maintained a Buy rating despite reducing its price target to $40.
• Neutral Sentiment: New Street Research upgraded PL from Sell to Neutral with a $22 price target, and Citizens JMP reaffirmed its Market Perform rating, signaling improving but still cautious sentiment. New Street Upgrades Planet Labs PBC to Neutral From Sell
• Negative Sentiment: Fiscal Q3 revenue guidance of $101 million-$105 million was below the approximately $114 million analyst consensus. The weaker near-term outlook may be prompting selling despite the Q2 beat.

Wall Street Analyst Weigh In

PL has been the subject of a number of research reports. Needham & Company LLC cut their price objective on Planet Labs PBC from $53.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Wedbush began coverage on Planet Labs PBC in a report on Wednesday, July 1st. They set an “outperform” rating and a $50.00 price objective on the stock. Zacks Research upgraded Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Citizens Jmp reaffirmed a “market perform” rating on shares of Planet Labs PBC in a research note on Friday. Finally, New Street Research upgraded shares of Planet Labs PBC from a “sell” rating to a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Planet Labs PBC currently has a consensus rating of “Hold” and a consensus target price of $31.72.

Planet Labs PBC Price Performance

Shares of Planet Labs PBC stock opened at $18.12 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.81 and a quick ratio of 2.78. Planet Labs PBC has a one year low of $6.26 and a one year high of $51.76. The business’s 50 day simple moving average is $23.66 and its two-hundred day simple moving average is $30.03. The stock has a market capitalization of $6.46 billion, a P/E ratio of -16.47 and a beta of 2.10.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Planet Labs PBC had a negative return on equity of 109.97% and a negative net margin of 95.13%.The firm had revenue of $116.05 million during the quarter, compared to analyst estimates of $104.53 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. The business’s quarterly revenue was up 58.2% compared to the same quarter last year. Analysts forecast that Planet Labs PBC will post -0.92 EPS for the current year.

Insider Buying and Selling at Planet Labs PBC

In other Planet Labs PBC news, Director John W. Raymond sold 6,494 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $26.16, for a total transaction of $169,883.04. Following the completion of the sale, the director owned 37,114 shares of the company’s stock, valued at $970,902.24. This represents a 14.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Schingler sold 25,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $25.92, for a total transaction of $648,000.00. Following the completion of the sale, the insider directly owned 225,171 shares in the company, valued at approximately $5,836,432.32. This trade represents a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 171,122 shares of company stock valued at $4,148,906 in the last quarter. Company insiders own 16.42% of the company’s stock.

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.