Foundations Investment Advisors LLC Purchases New Position in Planet Labs PBC $PL

Foundations Investment Advisors LLC acquired a new stake in Planet Labs PBC (NYSE:PL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,853 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PL. Geode Capital Management LLC boosted its position in shares of Planet Labs PBC by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 5,702,642 shares of the company’s stock valued at $112,475,000 after purchasing an additional 71,381 shares during the period. Revere Asset Management Inc purchased a new position in Planet Labs PBC during the 4th quarter worth approximately $768,000. Wellington Shields & Co. LLC lifted its stake in Planet Labs PBC by 2.8% in the fourth quarter. Wellington Shields & Co. LLC now owns 15,776 shares of the company’s stock valued at $311,000 after buying an additional 435 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Planet Labs PBC by 1.7% in the fourth quarter. Legal & General Group Plc now owns 265,768 shares of the company’s stock valued at $5,241,000 after acquiring an additional 4,452 shares during the period. Finally, SLT Holdings LLC acquired a new stake in shares of Planet Labs PBC in the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Trending Headlines about Planet Labs PBC

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

• Positive Sentiment: Planet extended its National Geospatial-Intelligence Agency partnership with an 8-figure contract extension for maritime surveillance, plus a new award for crisis-response monitoring, reinforcing government demand and adding to backlog. Planet Secures 8-Figure NGA Contract Extension for Maritime Surveillance and New Award for Crisis Response Monitoring
• Positive Sentiment: The company reported first-quarter fiscal 2027 revenue of $94.15 million, beating estimates, while EPS of -$0.03 matched expectations; revenue was up 42.1% year over year, underscoring accelerating growth. Planet Reports Financial Results for First Quarter of Fiscal Year 2027
• Positive Sentiment: Management lifted second-quarter FY2027 revenue guidance to $102 million-$107 million, above consensus, and issued FY2027 revenue guidance of $425 million-$441 million while emphasizing progress toward its Rule of 40 target. Planet forecasts FY2027 revenue of $425M-$441M as it targets Rule of 40
• Neutral Sentiment: The earnings call transcript and related coverage mainly reiterated the quarter’s results and outlook, with investors likely focused more on guidance and contract wins than the transcript itself. Planet Labs PBC (PL) Q1 2027 Earnings Call Transcript
• Neutral Sentiment: Some coverage noted the stock slipped despite strong Q1 results, but the main driver appears to be investor reaction to margins/profitability rather than the revenue beat itself. Planet Labs stock slips despite strong Q1 earnings: Details
• Negative Sentiment: Despite strong revenue growth, Planet remains unprofitable, with a negative net margin and return on equity, which may keep pressure on valuation until margins improve. Planet Labs PBC earnings report

Planet Labs PBC Stock Up 0.7%

PL opened at $43.45 on Friday. 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 12 month low of $4.90 and a 12 month high of $51.76. The stock has a market capitalization of $15.04 billion, a P/E ratio of -55.70 and a beta of 1.99. The business has a 50 day simple moving average of $38.85 and a 200-day simple moving average of $27.60.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings data on Thursday, June 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Planet Labs PBC had a negative return on equity of 69.61% and a negative net margin of 80.22%.The firm had revenue of $94.15 million during the quarter, compared to analysts’ expectations of $90.00 million. The company’s revenue was up 42.1% compared to the same quarter last year. On average, equities analysts anticipate that Planet Labs PBC will post -0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PL has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on shares of Planet Labs PBC from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Zacks Research cut shares of Planet Labs PBC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Weiss Ratings downgraded shares of Planet Labs PBC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Morgan Stanley upped 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. Finally, Citigroup increased their target price on shares of Planet Labs PBC from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Planet Labs PBC presently has an average rating of “Hold” and an average price target of $30.61.

Insider Transactions at Planet Labs PBC

In other news, CFO Ashley F. Johnson sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $35.10, for a total transaction of $7,020,000.00. Following the sale, the chief financial officer owned 1,895,162 shares of the company’s stock, valued at $66,520,186.20. The trade was 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 hyperlink. Also, insider Robert H. Schingler sold 73,683 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $35.07, for a total value of $2,584,062.81. Following the completion of the sale, the insider owned 256,488 shares in the company, valued at approximately $8,995,034.16. This represents a 22.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.42% of the stock is currently owned by insiders.

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.