XTX Topco Ltd Buys 87,869 Shares of Planet Labs PBC (NYSE:PL)

XTX Topco Ltd lifted its stake in Planet Labs PBC (NYSE:PL) by 51.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,074 shares of the company’s stock after purchasing an additional 87,869 shares during the quarter. XTX Topco Ltd owned about 0.09% of Planet Labs PBC worth $1,039,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Mariner LLC grew its holdings in Planet Labs PBC by 67.3% during the 4th quarter. Mariner LLC now owns 65,767 shares of the company’s stock valued at $266,000 after purchasing an additional 26,457 shares during the last quarter. Barclays PLC raised its holdings in shares of Planet Labs PBC by 12.8% in the fourth quarter. Barclays PLC now owns 367,735 shares of the company’s stock worth $1,485,000 after buying an additional 41,588 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Planet Labs PBC by 19.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 22,577 shares of the company’s stock worth $91,000 after acquiring an additional 3,753 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Planet Labs PBC by 790.6% during the 4th quarter. Sterling Capital Management LLC now owns 6,840 shares of the company’s stock worth $28,000 after acquiring an additional 6,072 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Planet Labs PBC during the 4th quarter valued at $1,648,000. Institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Trading Up 4.6 %

Shares of NYSE PL opened at $3.29 on Wednesday. Planet Labs PBC has a 12-month low of $1.67 and a 12-month high of $6.71. The stock’s fifty day simple moving average is $4.29 and its two-hundred day simple moving average is $3.82. The stock has a market capitalization of $992.89 million, a PE ratio of -8.01 and a beta of 1.56.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The company had revenue of $61.55 million for the quarter, compared to the consensus estimate of $61.89 million. Planet Labs PBC had a negative net margin of 48.88% and a negative return on equity of 24.16%. During the same period in the previous year, the business earned ($0.06) EPS. On average, equities analysts predict that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $3.50 target price (down from $6.00) on shares of Planet Labs PBC in a research note on Friday, April 11th. JMP Securities upped their target price on shares of Planet Labs PBC from $4.50 to $6.50 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. Craig Hallum raised shares of Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Thursday, January 30th. Northland Securities increased their price objective on Planet Labs PBC from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 target price on shares of Planet Labs PBC in a research report on Monday, March 24th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Planet Labs PBC presently has an average rating of “Moderate Buy” and a consensus target price of $5.98.

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.