Foundations Investment Advisors LLC Invests $234,000 in Planet Labs PBC $PL

Foundations Investment Advisors LLC acquired a new position in Planet Labs PBC (NYSE:PL) during the 4th quarter, Holdings Channel reports. The fund acquired 11,853 shares of the company’s stock, valued at approximately $234,000.

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

Key Stories Impacting 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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PL shares. New Street Research began coverage on Planet Labs PBC in a research report on Wednesday, May 13th. They set a “sell” rating and a $28.00 price target for the company. Cantor Fitzgerald lifted their price objective on Planet Labs PBC from $20.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Weiss Ratings lowered shares of Planet Labs PBC from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Citigroup lifted their price target on shares of Planet Labs PBC from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Needham & Company LLC lifted their price target on shares of Planet Labs PBC to $40.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Planet Labs PBC has an average rating of “Hold” and an average target price of $30.61.

Insiders Place Their Bets

In other news, insider Robert H. Schingler sold 73,683 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $35.07, for a total transaction of $2,584,062.81. Following the completion of the sale, the insider directly owned 256,488 shares in the company, valued at $8,995,034.16. This represents a 22.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $7,020,000.00. Following the completion of the transaction, the chief financial officer owned 1,895,162 shares in the company, valued at $66,520,186.20. The trade was a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.42% of the stock is owned by company insiders.

Planet Labs PBC Trading Up 0.7%

NYSE PL opened at $43.45 on Friday. The company has a market cap of $15.04 billion, a P/E ratio of -55.70 and a beta of 1.99. Planet Labs PBC has a 12 month low of $4.90 and a 12 month high of $51.76. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.65 and a quick ratio of 1.64. The company has a 50-day moving average of $38.85 and a 200-day moving average of $27.60.

Planet Labs PBC (NYSE:PL) last released its earnings results 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 net margin of 80.22% and a negative return on equity of 69.61%. The business had revenue of $94.15 million for the quarter, compared to analysts’ expectations of $90.00 million. Planet Labs PBC’s quarterly revenue was up 42.1% compared to the same quarter last year. As a group, equities analysts predict that Planet Labs PBC will post -0.45 earnings per share for the current year.

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.