Planet Labs PBC (PL) Expected to Announce Earnings on Thursday

Planet Labs PBC (NYSE:PL) is projected to post its Q1 2027 results after the market closes on Thursday, June 4th. Analysts expect Planet Labs PBC to post earnings of ($0.03) per share and revenue of $90.0020 million for the quarter. Individuals can check the company’s upcoming Q1 2027 earning summary page for the latest details on the call scheduled for Thursday, June 4, 2026 at 5:00 PM ET.

Planet Labs PBC Stock Up 4.2%

Shares of NYSE:PL opened at $50.35 on Thursday. The firm’s 50 day moving average price is $36.74 and its 200 day moving average price is $26.12. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of -64.54 and a beta of 1.91. Planet Labs PBC has a fifty-two week low of $3.66 and a fifty-two week high of $51.13. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 2.37.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Zacks Research cut shares of Planet Labs PBC from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Morgan Stanley raised their target price on shares of Planet Labs PBC from $26.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, March 25th. Needham & Company LLC raised their target price on shares of Planet Labs PBC to $40.00 and gave the company a “buy” rating in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft set a $38.00 target price on shares of Planet Labs PBC and gave the company a “buy” rating in a report on Friday, March 27th. Finally, New Street Research assumed coverage on shares of Planet Labs PBC in a report on Wednesday, May 13th. They set a “sell” rating and a $28.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.61.

Insider Buying and Selling

In other Planet Labs PBC news, insider Robert H. Schingler sold 73,683 shares of the firm’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 of the company’s stock, valued at approximately $8,995,034.16. This trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of Planet Labs PBC stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $35.10, for a total transaction 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. The trade was a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Planet Labs PBC

A number of institutional investors have recently modified their holdings of PL. Parkside Financial Bank & Trust increased its holdings in shares of Planet Labs PBC by 92.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after acquiring an additional 745 shares during the period. Larson Financial Group LLC acquired a new position in shares of Planet Labs PBC in the 3rd quarter valued at $39,000. Advisory Services Network LLC acquired a new position in shares of Planet Labs PBC in the 3rd quarter valued at $56,000. Wexford Capital LP acquired a new position in shares of Planet Labs PBC in the 3rd quarter valued at $63,000. Finally, Quarry LP acquired a new position in shares of Planet Labs PBC in the 3rd quarter valued at $66,000. 41.71% of the stock is owned by institutional investors and hedge funds.

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.