2 weeks Ago By Defense World Staff
Geode Capital Management LLC raised its position in Planet Labs PBC ( NYSE:PL – Free Report ) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,939,737 shares of the company’s stock after acquiring an additional 69,245 shares during the period.
Geode Capital Management LLC owned approximately 1.66% of Planet Labs PBC worth $19,961,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also bought and sold shares of PL.
Xponance Inc. increased its stake in Planet Labs PBC by 12.0% during the 4th quarter.
Xponance Inc. now owns 14,959 shares of the company’s stock valued at $60,000 after purchasing an additional 1,608 shares in the last quarter. Monterey Private Wealth Inc.
acquired a new stake in shares of Planet Labs PBC in the fourth quarter worth $40,000. SBI Securities Co. Ltd.
acquired a new stake in Planet Labs PBC during the 4th quarter worth about $42,000. Sciencast Management LP purchased a new position in Planet Labs PBC during the fourth quarter valued at approximately $43,000. Finally, Swiss National Bank boosted its position in Planet Labs PBC by 2.
7% in the 4th quarter. Swiss National Bank now owns 401,700 shares of the company’s stock worth $1,623,000 after purchasing an additional 10,700 shares in the last quarter. 41.
71% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several equities analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.
30 target price on shares of Planet Labs PBC in a research note on Friday, March 21st. Northland Securities raised their target price on Planet Labs PBC from $5.00 to $7.
00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Benchmark upped their price target on Planet Labs PBC from $4.00 to $7.
00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Craig Hallum raised Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report 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 note on Monday, March 24th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock.
Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.98. Planet Labs PBC Stock Performance NYSE PL opened at $3.
23 on Friday. The business has a fifty day moving average price of $4.11 and a 200 day moving average price of $3.
84. The company has a market cap of $974.76 million, a P/E ratio of -7.
87 and a beta of 1.56. Planet Labs PBC has a one year low of $1.
67 and a one year high of $6.71. Planet Labs PBC ( NYSE:PL – Get Free Report ) last posted its quarterly earnings results 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 business had revenue of $61.55 million for the quarter, compared to analyst estimates of $61.
89 million. Planet Labs PBC had a negative return on equity of 24.16% and a negative net margin of 48.
88%. During the same quarter in the previous year, the firm posted ($0.06) earnings per share.
As a group, sell-side analysts predict that Planet Labs PBC will post -0.37 EPS for the current fiscal year. About Planet Labs PBC ( Free Report ) 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. Read More Five stocks we like better than Planet Labs PBC How to trade using analyst ratings J.B.
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