Connective Portfolio Management LLC Makes New $1.58 Million Investment in Planet Labs PBC $PL

Connective Portfolio Management LLC bought a new stake in Planet Labs PBC (NYSE:PL) in the fourth quarter, HoldingsChannel.com reports. The fund bought 80,000 shares of the company’s stock, valued at approximately $1,578,000. Planet Labs PBC comprises 2.8% of Connective Portfolio Management LLC’s holdings, making the stock its 13th biggest holding.

Other institutional investors also recently made changes to their positions in the company. MCF Advisors LLC acquired a new stake in shares of Planet Labs PBC during the 3rd quarter worth approximately $32,000. Larson Financial Group LLC acquired a new position in Planet Labs PBC during the 3rd quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in Planet Labs PBC by 146.4% during the 4th quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock worth $40,000 after buying an additional 1,195 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Planet Labs PBC by 59.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,591 shares of the company’s stock worth $44,000 after buying an additional 1,337 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Planet Labs PBC in the third quarter worth $56,000. 41.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PL has been the subject of several analyst reports. Citigroup boosted their price target on shares of Planet Labs PBC from $19.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Craig Hallum reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Planet Labs PBC in a report on Tuesday, January 13th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.40 price objective on shares of Planet Labs PBC in a research report on Tuesday, January 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Thursday, January 22nd. Finally, Morgan Stanley upped their target price 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. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.25.

Planet Labs PBC Stock Up 10.7%

Shares of Planet Labs PBC stock opened at $35.23 on Thursday. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.65 and a quick ratio of 1.64. Planet Labs PBC has a 1-year low of $2.79 and a 1-year high of $37.05. The business’s fifty day moving average price is $25.63 and its two-hundred day moving average price is $18.49. The company has a market capitalization of $11.05 billion, a P/E ratio of -45.17 and a beta of 1.95.

Planet Labs PBC (NYSE:PL) last released its quarterly 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 business had revenue of $86.82 million during the quarter, compared to the consensus estimate of $78.17 million. Planet Labs PBC’s revenue for the quarter was up 41.1% compared to the same quarter last year. As a group, research analysts forecast that Planet Labs PBC will post -0.37 EPS for the current year.

Insider Activity at Planet Labs PBC

In related news, Director Kristen Robinson sold 47,835 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $26.96, for a total value of $1,289,631.60. Following the completion of the transaction, the director owned 222,897 shares in the company, valued at $6,009,303.12. This represents a 17.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert H. Schingler sold 73,782 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 1,164,729 shares in the company, valued at approximately $22,537,506.15. The trade was a 5.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 292,348 shares of company stock worth $7,323,958. 17.53% of the stock is currently owned by corporate insiders.

Trending Headlines about Planet Labs PBC

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

Planet Labs PBC 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.